The Use of Credit Ceilings in the Presence of Indirect Monetary Instruments : An Analytical Framework /
In this paper, we introduce credit ceilings in the standard model of the money multiplier and analyze their role in central bank's management of money supply in the presence of indirect monetary instruments. We show that under a regime of total credit ceilings, their optimal value equals the de...
| Auteur principal: | |
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| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
2002.
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| Collection: | IMF Working Papers; Working Paper ;
No. 2002/206 |
| Accès en ligne: | Full text available on IMF |