From Direct to Indirect Monetary Policy Instruments : The French Experience Reconsidered /
If not carefully planned, the transition to indirect monetary policy instruments may result in a loss of control. The 1967-71 attempt in France failed because of a misconceived instrument-mix and sequencing. Credit controls, reintroduced in 1972, were only formally abolished in 1987. This paper attr...
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| 格式: | 雜誌 |
| 語言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
1991.
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| 叢編: | IMF Working Papers; Working Paper ;
No. 1991/033 |
| 在線閱讀: | Full text available on IMF |