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JPD 1990 Vol. XVII No. 1-e: Monetary Instruments and the Control of Liquidity in the Philippines: Focus on Open Market Operations

Monetary policies refer to the actions of central banks aimed to achieve macroeconomic stability and to influence financial factors such as money and interest rate. This paper discusses the framework for analyzing how monetary instruments affect monetary targets and the advantages and disadvantages of various instruments dispensable by the central bank. It also argues for the use of open market operations.

Philippine Institute for Development Studies
Authors Keywords
San Jose, Armida S.; central bank; money and banking; financial system; financial stabilization; monetary policy; open market operations; monetary instruments;
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Published in 1990 and available in the PIDS Library or can be downloaded as full text Downloaded 2,721 times since November 25, 2011