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Comments on Effectiveness of the Window Guidance

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  • Hidekazu Eguchi

Abstract

Many conditions are necessary if lending window operations (or, the window guidance in Professor Horiuchi's terminology (1)) are to be sufficiently effective as a policy means of monetary control. Nonetheless, there have been no significant dissenting views to the thesis that this measure would work toward depressing the total volume of lendings of private financial institutions.

Suggested Citation

  • Hidekazu Eguchi, 1977. "Comments on Effectiveness of the Window Guidance," Japanese Economy, Taylor & Francis Journals, vol. 6(2), pages 93-103.
    • Handle: RePEc:mes:jpneco:v:6:y:1977:i:2:p:93-103
    DOI: 10.2753/JES1097-203X060293
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    Cited by:

    1. Stefan Angrick & Naoyuki Yoshino, 2020. "From Window Guidance to Interbank Rates: Tracing the Transition of Monetary Policy in Japan and China," International Journal of Central Banking, International Journal of Central Banking, vol. 16(3), pages 279-316, June.
    2. repec:zbw:bofitp:2018_004 is not listed on IDEAS
    3. Stefan Angrick & Naoyuki Yoshino, 2020. "From Window Guidance to Interbank Rates: Tracing the Transition of Monetary Policy in Japan and China," International Journal of Central Banking, International Journal of Central Banking, vol. 16(3), pages 279-316, June.
    4. Sato, Kazuo, 1998. "Stabilization policy and the Japanese economy," Journal of Asian Economics, Elsevier, vol. 9(1), pages 67-94.

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