The Adoption of Indirect Instruments of Monetary Policy

Tomás Baliño · Charles Enoch · William E. Alexander

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Monetary Policy and Economic Impact Banking stability, regulation, efficiency Global Financial Crisis and Policies

Abstract

This paper examines the experience of implementing indirect instruments of monetary policy. The experiences of country studies illustrate the variety of circumstances under which indirect instruments of monetary policy have been introduced. Case Studies are presented for Chile, Egypt, Ghana, Indonesia, Mexico, New Zealand, and Poland.

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References

1961A Program for Monetary Stability.1991Ghana: Adjustment and Growth, 1983-91 1991Financial Assistance from Arab Countries and Arab Regional Institutions 1992The Fiscal Dimensions of Adjustment in Low-Income Countries

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