A Comparison of Monetary Policy Operating Procedures in Six Industrial Countries

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A Comparison of Monetary Policy Operating Procedures in Six Industrial Countries

Summer 1992Volume 17, Number 2

Author: Bruce Kasman

The institutional environments in which central banks operate have become more alike over the past decade. The author examines the monetary policy operating procedures of the Federal Reserve and central banks in Japan, Germany, the United Kingdom, Canada, and Switzerland. In particular, he compares how monetary authorities in different countries have adapted their reserve management techniques to lower reserve requirements.

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20 pages / 1,849 kb

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