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'...
| Korporativna značnica: | |
|---|---|
| Format: | Revija |
| Jezik: | English |
| Izdano: |
Washington, D.C. :
International Monetary Fund,
1997.
|
| Serija: | IMF Working Papers; Working Paper ;
No. 1997/028 |
| Online dostop: | Full text available on IMF |