IMF Staff papers : Volume 37 No. 4.

The transition strategy from administratively set interest rates to market rates is discussed. Despite worldwide trends toward financial liberalization, few monetary authorities are prepared to accept as reasonable any interest rate level that is market determined. The paper suggests some helpful in...

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書目詳細資料
企業作者: International Monetary Fund. Research Dept
格式: 雜誌
語言:English
出版: Washington, D.C. : International Monetary Fund, 1990.
叢編:IMF Staff Papers; IMF Staff Papers ; No. 1990/004
在線閱讀:Full text available on IMF
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490 1 |a IMF Staff Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The transition strategy from administratively set interest rates to market rates is discussed. Despite worldwide trends toward financial liberalization, few monetary authorities are prepared to accept as reasonable any interest rate level that is market determined. The paper suggests some helpful indicators to assess the adequacy of interest rates and discusses factors that contribute to a smooth liberalization process. The main conclusion is that interest rate liberalization is not synonymous with laissez-faire policies, but requires the replacement of the administratively set interest rates by indirect monetary management techniques that operate through the market. 
538 |a Mode of access: Internet 
830 0 |a IMF Staff Papers; IMF Staff Papers ;  |v No. 1990/004 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/024/1990/004/024.1990.issue-004-en.xml  |z IMF e-Library