Optimal Liquidity and Economic Stability /
Monetary aggregates are now much less used as policy instruments as identifying the right measure has become difficult and interest rate transmission has worked well in an increasingly complex financial system. In this process, little attention was paid to the potential spillover of excess liquidity...
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| Format: | Czasopismo |
| Język: | English |
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Washington, D.C. :
International Monetary Fund,
2012.
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| Seria: | IMF Working Papers; Working Paper ;
No. 2012/135 |
| Dostęp online: | Full text available on IMF |