Best Seller The Use of Credit Ceilings in the Presence of Indirect Monetary Instruments

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The Use of Credit Ceilings in the Presence of Indirect Monetary Instruments High quality books

The Use of Credit Ceilings in the Presence of Indirect Monetary Instruments
By:Mr. Plamen Yossifov
Published on 2002-12-01 by International Monetary Fund

In this paper, we introduce credit ceilings in the standard model of the money multiplier and analyze their role in central bank''s management of money supply in the presence of indirect monetary instruments. We show that under a regime of total credit ceilings, their optimal value equals the desired growth rate of the adjusted monetary base. Under a regime of partial credit ceilings, their optimal value depends on the desired growth rate of the adjusted monetary base, the degree of substitutability between the regulated and unregulated types of banks'' earning assets, and the autonomous growth rate of the latter.

This Book was ranked at 33 by Google Books for keyword Credit theory of money.

Book ID of The Use of Credit Ceilings in the Presence of Indirect Monetary Instruments's Books is p1oMEI9weNIC, Book which was written byMr. Plamen Yossifovhave ETAG "Wk45fKtKHC8"

Book which was published by International Monetary Fund since 2002-12-01 have ISBNs, ISBN 13 Code is 9781451919196 and ISBN 10 Code is 1451919190

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Book which have "16 Pages" is Printed at BOOK under CategoryBusiness and Economics

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