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Money Market Development and Monetary Policy Operations

In: Money Markets and Politics

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Abstract

The dramatic evolution of financial markets in the 1980s and 1990s, accompanied by increasing institutional integration between nations (most notably in the EU), have fostered a widespread belief that governments – particularly those of small economies – have essentially lost the power to pursue sovereign, independent economic policies. At the same time, it is widely assumed that the loss of monetary-policy control is a major opportunity cost for a country adopting a rigid exchange-rate regime or, in the European context, for countries joining the EMU This book sheds light on these arguments.

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  • ., 2003. "Money Market Development and Monetary Policy Operations," Chapters, in: Money Markets and Politics, chapter 4, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3136_4
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    Cited by:

    1. Tobal Martín & Yslas Renato, 2016. "Two Models of FX Market Interventions: The Cases of Brazil and Mexico," Working Papers 2016-14, Banco de México.
    2. Thanabalasingam Vinayagathasan, 2014. "Monetary policy and the real economy: A structural VAR approach for Sri Lanka," Asian Journal of Empirical Research, Asian Economic and Social Society, vol. 4(1), pages 41-64, January.

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    Economics and Finance;

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