A comparison of monetary policy operating procedures in six industrial countries
Abstract: 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.
File(s): File format is application/pdf http://www.newyorkfed.org/research/quarterly_review/1992v17/v17n2article2.pdf
Provider: Federal Reserve Bank of New York
Part of Series: Quarterly Review
Publication Date: 1992