Implications of a Surge in Capital Inflows : Available tools and Consequences for the Conduct of Monetary Policy

Available tools and Consequences for the Conduct of Monetary Policy

Implications of a Surge in Capital Inflows : Available tools and Consequences for the Conduct of Monetary Policy
This paper seeks to extend discussion of monetary policy instruments to the situation of a country faced with major capital inflows when the process of domestic financial liberalization is incomplete. It briefly summarizes the recent usage of traditional monetary instruments, discusses the practical limits to classic sterilization measures as... READ MORE...

Publication date: May 1996
ISBN 9781451847345
$15.00

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