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Monetary policy operations and the financial system
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ISBN: 0191785555 019102645X 9780191026454 Year: 2014 Publisher: Oxford : Oxford University Press,

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Abstract

An introduction to the way that central banks implement monetary policy through market operations. It explains monetary policy operations in normal times, reviews the basic mechanics of financial crises, and explains what central banks need to do to fulfil their monetary policy and financial stability mandates when markets and banks are impaired.

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