Franklin

Monetary Operations and Central Bank Balance Sheets in a World of Limited Government Securities [electronic resource] Zelmer, Marc.

Author/Creator:
Zelmer, Marc.
Publication:
Washington, D.C. : International Monetary Fund, 2001.
Series:
IMF eLibrary
IMF Policy Discussion Papers; Policy Discussion Paper No. 01/7.
IMF Policy Discussion Papers; Policy Discussion Paper No. 01/7
Format/Description:
Government document
Book
1 online resource (25 p.)
Local subjects:
Bonds.
Central bank.
Central bank monetary policy.
Central banks.
Central Banks and Their Policies.
Currency debt.
Debt management.
Debt market.
Domestic financial market.
Domestic money market.
Domestic money markets.
Foreign currency debt.
Foreign debt.
Government debt.
Government securities.
Holdings of government securities.
Liquidity injections.
Liquidity management.
Monetary fund.
Monetary liquidity.
Monetary management.
Monetary operations.
Monetary policy.
Monetary Policy (Targets, Instruments, and Effects).
Monetary policy implementation.
Monetary policy implications.
Monetary policy operating procedures.
Monetary policy operations.
Money market.
Money markets.
National bank.
Public debt.
Public debt management.
Public finances.
Reserve bank.
Short-term debt.
Treasury securities.
Australia.
Canada.
Grenada.
Japan.
New Zealand.
Norway.
United Kingdom.
Summary:
The limited supply of government securities in some industrial countries has important ramifications for the operating techniques used by central banks to implement monetary policy, provide credit to the financial sector, and also for the assets they hold on their balance sheets. The paper reviews the salient facts regarding industrial central bank balance sheets and operating techniques, and outlines different options for dealing with a limited supply of government securities. The main conclusion is that central banks may wish to consider extending credit using a broad range of assets as collateral, and engage in outright transactions of securities guaranteed by financial institutions.
Notes:
Description based on print version record.
Contributor:
Zelmer, Marc.
Other format:
Print Version:
ISBN:
1451971583:
9781451971583
ISSN:
1934-7456
Publisher Number:
10.5089/9781451971583.003
Access Restriction:
Restricted for use by site license.
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