Open market operations and financial markets

Abstract

Exploring the effectiveness of short-term interest rates and other modern central bank activities in monetary policy and the effect of structural changes in the securities markets and greater liquidity upon them, this volume represents a unique exchange of views between central bankers. It covers a range of topics including: bankers recent experience of open market operations; monetary and financial economists on the impact of monetary policy on the yield curve; the practitioners in banking and finance on recent and prospective operations in money and capital markets. Covering the full range of the subject, both the issues and geographically, in a logical order and in a coherent style the, this set of carefully selected papers on a common theme are an essential read for undergraduate and postgraduate students studying Macroeconomics, international finance and banking.