The Payment System and Monetary Policy:
Achieving the primary objective of price stability without unduly compromising the operational efficiency of the payment system constitutes a major problem for central banks. Routine monetary policy presumes a given institutional and technological framework, including aspects of the payment system....
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1998
|
Schriftenreihe: | IMF Policy Discussion Papers
Papers on Policy Analysis and Assessment No. 98/4 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | Achieving the primary objective of price stability without unduly compromising the operational efficiency of the payment system constitutes a major problem for central banks. Routine monetary policy presumes a given institutional and technological framework, including aspects of the payment system. Such a monetary policy concerns itself with intraday and interday credit for payments settlements and with float. Liquidity shocks and panics sometimes pose an additional challenge. In recent years, major and rapid institutional and technological changes in the payment system (mainly to lower risks and augment operational efficiency) have affected the monetary policy decision-making process, particularly in the short run |
Beschreibung: | 1 Online-Ressource (30 p) |
ISBN: | 1451973381 9781451973389 |
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spelling | Johnson, Omotunde E. G. Verfasser aut The Payment System and Monetary Policy Johnson, Omotunde E. G Washington, D.C International Monetary Fund 1998 1 Online-Ressource (30 p) txt rdacontent c rdamedia cr rdacarrier IMF Policy Discussion Papers Papers on Policy Analysis and Assessment No. 98/4 Achieving the primary objective of price stability without unduly compromising the operational efficiency of the payment system constitutes a major problem for central banks. Routine monetary policy presumes a given institutional and technological framework, including aspects of the payment system. Such a monetary policy concerns itself with intraday and interday credit for payments settlements and with float. Liquidity shocks and panics sometimes pose an additional challenge. In recent years, major and rapid institutional and technological changes in the payment system (mainly to lower risks and augment operational efficiency) have affected the monetary policy decision-making process, particularly in the short run Online-Ausg http://elibrary.imf.org/view/IMF003/07211-9781451973389/07211-9781451973389/07211-9781451973389.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Johnson, Omotunde E. G. The Payment System and Monetary Policy |
title | The Payment System and Monetary Policy |
title_auth | The Payment System and Monetary Policy |
title_exact_search | The Payment System and Monetary Policy |
title_exact_search_txtP | The Payment System and Monetary Policy |
title_full | The Payment System and Monetary Policy Johnson, Omotunde E. G |
title_fullStr | The Payment System and Monetary Policy Johnson, Omotunde E. G |
title_full_unstemmed | The Payment System and Monetary Policy Johnson, Omotunde E. G |
title_short | The Payment System and Monetary Policy |
title_sort | the payment system and monetary policy |
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