Market Information and Signaling in Central Bank Operations, or, How Often Should a Central Bank Intervene?
A central bank must decide on the frequency with which it will conduct open market operations and the variability in short-term money market that it will allow. It is shown how the optimal operating procedure balances the value of attaining an immediate target and broadcasting the central bank'...
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| Формат: | Журнал |
| Язык: | English |
| Опубликовано: |
Washington, D.C. :
International Monetary Fund,
1997.
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| Серии: | IMF Working Papers; Working Paper ;
No. 1997/028 |
| Online-ссылка: | Full text available on IMF |