From Direct to Indirect Monetary Policy Instruments : the French Experience Reconsidered. /
If not carefully planned, the transition to indirect monetary policy instruments may result in a loss of control. The 1967-71 attempt in France failed because of a misconceived instrument-mix and sequencing. Credit controls, reintroduced in 1972, were only formally abolished in 1987. This paper attr...
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
1991
Washington, D.C. : 1991 |
| Series: | IMF Working Papers ;
Working Paper No. 91/33 IMF Working Papers ; Working Paper no. 91/33 IMF Working Papers; Working Paper ; No. 1991/033 IMF eLibrary |
| Subjects: | |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| LEADER | 06876nam a22017054i 4500 | ||
|---|---|---|---|
| 001 | ce38f174-c2cb-413c-8109-24fcc770c22d | ||
| 005 | 20240811000000.0 | ||
| 008 | 020129s1991 dcu o i00 0 eng d | ||
| 020 | |a 1451979169: |c 15.00 USD | ||
| 020 | |a 1455264482 | ||
| 020 | |a 9781455264483 | ||
| 020 | |c 0.00 USD | ||
| 020 | |z 9781451979169 | ||
| 020 | |z 9781455264483 | ||
| 020 | |z 9781455271658 | ||
| 022 | |a 1018-5941 | ||
| 022 | |a 2227-8885 | ||
| 024 | 7 | |a 10.5089/9781455271658.001 |2 doi | |
| 024 | 8 | |a 10.5089/9781451979169.001 | |
| 024 | 8 | |a 10.5089/9781455264483.001 | |
| 035 | |a (IMF)IMFEWPIEA0331991 | ||
| 035 | |a (IMF)IMFEWPIEE0331991 | ||
| 035 | |a (OCoLC)876397897 | ||
| 035 | |a (PU)6791542-penndb-Voyager | ||
| 035 | 9 | |a (OCLCCM-CC)876397897 | |
| 037 | |b 00013468 | ||
| 040 | |a DcWaIMF |b eng |e rda | ||
| 040 | |a DcWaIMF |b eng | ||
| 040 | |a OTZ |b eng |c OTZ |d U3G |d OCLCQ |d LLB |d OCLCQ |d CEF |d VT2 | ||
| 049 | |a MAIN | ||
| 050 | 4 | |a HG3881.5.I58 | |
| 100 | 1 | |a Quintyn, Marc | |
| 245 | 1 | 0 | |a From Direct to Indirect Monetary Policy Instruments : |b the French Experience Reconsidered. / |c Quintyn, Marc |
| 260 | |a Washington, D.C. : |b International Monetary Fund, |c 1991 | ||
| 264 | 1 | |a Washington, D.C. : |b International Monetary Fund, |c 1991 | |
| 300 | |a 1 online resource (43 pages) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 347 | |a text file |2 rdaft | ||
| 490 | 1 | |a IMF Working Papers ; |v Working Paper No. 91/33 | |
| 490 | 1 | |a IMF Working Papers | |
| 490 | 1 | |a IMF Working Papers, |x 2227-8885 ; |v Working Paper No. 91/33 | |
| 500 | |a Part of the IMF eLibrary collection | ||
| 506 | |a Restricted for use by site license | ||
| 506 | |a Restricted for use by site license. | ||
| 520 | 3 | |a If not carefully planned, the transition to indirect monetary policy instruments may result in a loss of control. The 1967-71 attempt in France failed because of a misconceived instrument-mix and sequencing. Credit controls, reintroduced in 1972, were only formally abolished in 1987. This paper attributes the successful 1987 reform to changes in the policy framework in the 1980s. The interest rate was already the key instrument because direct controls became less effective and because of the priority given to the exchange rate objective. Consequently, the 1987 transition was from pegging to guiding the interest rates. Empirical evidence underpins this interpretation | |
| 588 | |a Description based on print version record | ||
| 588 | 0 | |a Print version record | |
| 650 | 4 | |a Bank bonds | |
| 650 | 4 | |a Bank money market | |
| 650 | 4 | |a Bond market | |
| 650 | 4 | |a Bond rate | |
| 650 | 4 | |a Bond | |
| 650 | 4 | |a Bonds | |
| 650 | 4 | |a Central bank | |
| 650 | 4 | |a Cost of credit | |
| 650 | 4 | |a Demand for money | |
| 650 | 4 | |a Deposit rate | |
| 650 | 4 | |a Discount rate | |
| 650 | 4 | |a Domestic monetary management | |
| 650 | 4 | |a Domestic monetary policy | |
| 650 | 4 | |a Equity markets | |
| 650 | 4 | |a Financial assets | |
| 650 | 4 | |a Financial deregulation | |
| 650 | 4 | |a Financial innovation | |
| 650 | 4 | |a Financial institutions | |
| 650 | 4 | |a Financial instruments | |
| 650 | 4 | |a Financial intermediaries | |
| 650 | 4 | |a Financial liberalization | |
| 650 | 4 | |a Financial market | |
| 650 | 4 | |a Financial markets | |
| 650 | 4 | |a Financial sector liberalization | |
| 650 | 4 | |a Financial sector | |
| 650 | 4 | |a Financial system | |
| 650 | 4 | |a Government bond market | |
| 650 | 4 | |a Government bond | |
| 650 | 4 | |a Inflation | |
| 650 | 4 | |a Interest rate policy | |
| 650 | 4 | |a Intermediate monetary target | |
| 650 | 4 | |a International financial statistics | |
| 650 | 4 | |a International reserves | |
| 650 | 4 | |a Liquidity management | |
| 650 | 4 | |a Long-term bonds | |
| 650 | 4 | |a Long-term interest rates | |
| 650 | 4 | |a Minimum reserve requirements | |
| 650 | 4 | |a Monetary aggregate | |
| 650 | 4 | |a Monetary aggregates | |
| 650 | 4 | |a Monetary authorities | |
| 650 | 4 | |a Monetary control | |
| 650 | 4 | |a Monetary economy | |
| 650 | 4 | |a Monetary financing | |
| 650 | 4 | |a Monetary fund | |
| 650 | 4 | |a Monetary growth | |
| 650 | 4 | |a Monetary management | |
| 650 | 4 | |a Monetary policy history | |
| 650 | 4 | |a Monetary policy instrument | |
| 650 | 4 | |a Monetary policy instruments | |
| 650 | 4 | |a Monetary policy | |
| 650 | 4 | |a Monetary target | |
| 650 | 4 | |a Monetary targeting | |
| 650 | 4 | |a Money demand | |
| 650 | 4 | |a Money market operating procedures | |
| 650 | 4 | |a Money market rate | |
| 650 | 4 | |a Money market rates | |
| 650 | 4 | |a Money market | |
| 650 | 4 | |a Money stock | |
| 650 | 4 | |a Money supply | |
| 650 | 4 | |a Rediscount rate | |
| 650 | 4 | |a Rediscount | |
| 650 | 4 | |a Reserve requirements | |
| 650 | 4 | |a Term bonds | |
| 650 | 4 | |a Tight monetary policy | |
| 650 | 7 | |a Bank credit |2 imf | |
| 650 | 7 | |a Banking |2 imf | |
| 650 | 7 | |a Banks and Banking |2 imf | |
| 650 | 7 | |a Banks and banking |2 imf | |
| 650 | 7 | |a Banks |2 imf | |
| 650 | 7 | |a Credit controls |2 imf | |
| 650 | 7 | |a Credit |2 imf | |
| 650 | 7 | |a Demand for Money |2 imf | |
| 650 | 7 | |a Demand for money |2 imf | |
| 650 | 7 | |a Depository Institutions |2 imf | |
| 650 | 7 | |a Micro Finance Institutions |2 imf | |
| 650 | 7 | |a Monetary Policy |2 imf | |
| 650 | 7 | |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General |2 imf | |
| 650 | 7 | |a Monetary economics |2 imf | |
| 650 | 7 | |a Monetary policy |2 imf | |
| 650 | 7 | |a Money and Monetary Policy |2 imf | |
| 650 | 7 | |a Money |2 imf | |
| 650 | 7 | |a Mortgages |2 imf | |
| 650 | 7 | |a Reserve requirements |2 imf | |
| 651 | 4 | |a France | |
| 651 | 7 | |a France |2 imf | |
| 700 | 1 | |a Quintyn, Marc | |
| 776 | 0 | 8 | |a Print Version: |z 9781451979169 |
| 776 | 0 | 8 | |i Print Version: |a Quintyn, Marc |t From Direct to Indirect Monetary Policy Instruments: The French Experience Reconsidered |d Washington, D.C. : International Monetary Fund, 1991. |z 9781455271658 |
| 776 | 0 | 8 | |i Print Version: |z 9781455264483 |
| 830 | 0 | |a IMF Working Papers ; |v Working Paper No. 91/33 | |
| 830 | 0 | |a IMF Working Papers ; |v Working Paper no. 91/33 | |
| 830 | 0 | |a IMF Working Papers; Working Paper ; |v No. 1991/033 | |
| 830 | 0 | |a IMF eLibrary | |
| 999 | 1 | 0 | |i ce38f174-c2cb-413c-8109-24fcc770c22d |l 12502767 |s US-ICU |m from_direct_to_indirect_monetary_policy_instrumentsfrench_experience_r_____1991_______intera________________________________________quintyn__marc______________________e |
| 999 | 1 | 0 | |i ce38f174-c2cb-413c-8109-24fcc770c22d |l 9967915423503681 |s US-PU |m from_direct_to_indirect_monetary_policy_instrumentsfrench_experience_r_____1991_______intera________________________________________quintyn__marc______________________e |
| 999 | 1 | 0 | |i ce38f174-c2cb-413c-8109-24fcc770c22d |l 9979395997003681 |s US-PU |m from_direct_to_indirect_monetary_policy_instrumentsfrench_experience_r_____1991_______intera________________________________________quintyn__marc______________________e |