Monetary Policy Implementation : Operational Issues for Countries with Evolving Monetary Policy Frameworks /

This paper discusses operational issues for countries that want to reform their monetary policy frameworks. It argues that stabilizing short-term interest rates on a day-to-day basis has significant advantages, and thus that short-term interest rates, not reserve money, in most cases should be the d...

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Dettagli Bibliografici
Autore principale: Maehle, Nils
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2020.
Serie:IMF Working Papers; Working Paper ; No. 2020/026
Accesso online:Full text available on IMF