Bank-By-Bank Credit Ceilings : Issues and Experiences /

Many central banks have abandoned credit ceilings in favor of monetary control frameworks based on indirect instruments. In the long run, ceilings limited competition, hampered the development of a money market, and caused disintermediation. Despite the many distortions associated with the use of cr...

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Bibliographic Details
Main Author: Farahbaksh, Mitra
Other Authors: Sensenbrenner, Gabriel
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1996.
Series:IMF Working Papers; Working Paper ; No. 1996/063
Online Access:Full text available on IMF

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