The Payments System and its Effectson Monetary Operations: Recent Experience in the Russian Federation
Recent developments and reforms in the Russian payments system are discussed from the perspective of their impact on monetary policy. The large and highly variable payment float in the balance sheet of the Central Bank of Russia has complicated the conduct of monetary policy. However, reforms in lat...
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| Corporate Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
1994
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| Series: | IMF Working Papers
Working Paper No. 94/133 |
| Online Access: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Summary: | Recent developments and reforms in the Russian payments system are discussed from the perspective of their impact on monetary policy. The large and highly variable payment float in the balance sheet of the Central Bank of Russia has complicated the conduct of monetary policy. However, reforms in late 1992 and early 1993 have been effective, as judged from their impact in reducing the level and variability of float, and have set the stage for medium-term reforms of the payments system. Rapid progress in the implementation of these reforms, and their appropriate coordination with monetary operations, remain critical to meet the emerging needs in money and foreign exchange markets, and to support the transition to indirect methods of monetary control |
| Physical Description: | 1 Online-Ressource (66 p) |
| ISBN: | 1451855427 9781451855425 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:19Z |
| indexdate | 2024-07-10T09:35:27Z |
| institution | BVB |
| isbn | 1451855427 9781451855425 |
| language | English |
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| spelling | International Monetary Fund Verfasser aut The Payments System and its Effectson Monetary Operations Recent Experience in the Russian Federation Washington, D.C International Monetary Fund 1994 1 Online-Ressource (66 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 94/133 Recent developments and reforms in the Russian payments system are discussed from the perspective of their impact on monetary policy. The large and highly variable payment float in the balance sheet of the Central Bank of Russia has complicated the conduct of monetary policy. However, reforms in late 1992 and early 1993 have been effective, as judged from their impact in reducing the level and variability of float, and have set the stage for medium-term reforms of the payments system. Rapid progress in the implementation of these reforms, and their appropriate coordination with monetary operations, remain critical to meet the emerging needs in money and foreign exchange markets, and to support the transition to indirect methods of monetary control Online-Ausg International Monetary Fund Sonstige oth http://elibrary.imf.org/view/IMF001/07213-9781451855425/07213-9781451855425/07213-9781451855425.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | The Payments System and its Effectson Monetary Operations Recent Experience in the Russian Federation |
| title | The Payments System and its Effectson Monetary Operations Recent Experience in the Russian Federation |
| title_auth | The Payments System and its Effectson Monetary Operations Recent Experience in the Russian Federation |
| title_exact_search | The Payments System and its Effectson Monetary Operations Recent Experience in the Russian Federation |
| title_exact_search_txtP | The Payments System and its Effectson Monetary Operations Recent Experience in the Russian Federation |
| title_full | The Payments System and its Effectson Monetary Operations Recent Experience in the Russian Federation |
| title_fullStr | The Payments System and its Effectson Monetary Operations Recent Experience in the Russian Federation |
| title_full_unstemmed | The Payments System and its Effectson Monetary Operations Recent Experience in the Russian Federation |
| title_short | The Payments System and its Effectson Monetary Operations |
| title_sort | the payments system and its effectson monetary operations recent experience in the russian federation |
| title_sub | Recent Experience in the Russian Federation |
| url | http://elibrary.imf.org/view/IMF001/07213-9781451855425/07213-9781451855425/07213-9781451855425.xml |
| work_keys_str_mv | AT internationalmonetaryfund thepaymentssystemanditseffectsonmonetaryoperationsrecentexperienceintherussianfederation |