1st Edition
Open Market Operations and Financial Markets
368 Pages
44 B/W Illustrations
by
Routledge
382 Pages
44 B/W Illustrations
by
Routledge
A mixture of academic and practitioner research, this is the most detailed book available that provides an account of open market operations. With broad international appeal it includes discussions of central bank operations in Europe, North America, Australia and Japan.
Exploring the effectiveness of short-term interest rates and other modern central bank activities in monetary policy and... Read more
1. Introduction 2. Monetary Policy and its Theoretical Foundations 3. The Scope and Significance of Open Market Operations 4. Open Market Operations: Their Role and Significance Today 5. Money Market Development and Changes in Monetary Policy Operations in 11 Small European Countries 1980-2000 6. Monetary Policy in a Changing Financial Environment: A Case for the Signalling Function of Central Banks' Operating Framework 7. Open Market Operations in Emerging Markets: The Mexican Experience 8. Open Market Operations and the Federal Funds Rate 9. On the Optimal Frequency of the Central Bank's Operations in the Reserve Market 10. Money Market Volatility: A Simulation Study 11. Monetary Policy by Signal 12. The Impact of the Reserve Bank's OMOs on Financial Markets 13. Sustainability, Inflation and Public Debt Policy in Japan
Biography
David Mayes, Jan Toporowski
