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|c 5.00 USD
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|z 9781451856590
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Axilrod, S.
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|a Transformation of Markets and Policy Instruments for Open Market Operations /
|c S. Axilrod.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1995.
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| 300 |
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|a 1 online resource (98 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a As developing countries and economies in transition have relied on deregulated, competitive markets to spur growth, their central banks have shifted toward using open market operations as a tool of monetary policy. To be most effective, such operations require supportive changes in other policy instruments (reserve requirements, discount window), a competitive banking system and securities market, and adaptation of particular open market or market-type instruments used to the stage of, and potential for, market development. The paper assesses options available to a central bank for encouraging a competitive market architecture and designing instruments for implementation of open market operations.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 1995/146
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1995/146/001.1995.issue-146-en.xml
|z IMF e-Library
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