TY - BOOK ID - 84541884 TI - Transformation of Markets and Policy Instruments for Open Market Operations PY - 1995 SN - 1462306497 1455270725 1282026755 1455288772 9786613796486 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Banks and Banking KW - Finance: General KW - Money and Monetary Policy KW - Investments: General KW - Central Banks and Their Policies KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - General Financial Markets: General (includes Measurement and Data) KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Monetary Policy KW - Debt KW - Debt Management KW - Sovereign Debt KW - Banking KW - Finance KW - Monetary economics KW - Investment & securities KW - Open market operations KW - Money markets KW - Monetary base KW - Securities markets KW - Central banks KW - Financial markets KW - Money KW - Government securities KW - Financial institutions KW - Banks and banking KW - Money market KW - Money supply KW - Capital market KW - Czech Republic UR - https://www.unicat.be/uniCat?func=search&query=sysid:84541884 AB - As developing countries and economies in transition have relied on deregulated, competitive markets to spur growth, their central banks have shifted toward using open market operations as a tool of monetary policy. To be most effective, such operations require supportive changes in other policy instruments (reserve requirements, discount window), a competitive banking system and securities market, and adaptation of particular open market or market-type instruments used to the stage of, and potential for, market development. The paper assesses options available to a central bank for encouraging a competitive market architecture and designing instruments for implementation of open market operations. ER -