Open Market Operations

This feedback loop between the financial system and the real economy created a macro-financial spiral, amplifying the impact of the initial shock from the defaults of IL&FS and DHFL. [...] …

aggregate liquidity into the system through open market operations and (2) encouraging banks in turn to channel …

Disclaimer: The papers and the associated comments represent the views of the individual authors and do not imply agreement by the IPF Editors or the Governing Body, officers, or staff …

aggregate liquidity into the system through open market operations and (2) encouraging banks in turn to channel …

Zambia faces a severe drought that has significantly impacted agriculture and electricity generation and affected a substantial share of the population, leading the President to declare it a national disaster …

overnight liquidity facility (OLF) as open market operations (OMOs) were suspended.4, 5 Text Figure …

At 5.1 percent in Q1-2024, GDP growth remains resilient surpassing the middle-income countries’ average. Robust private consumption accounted for 57 percent of GDP growth. This reflects consumer confidence supported by …

liquidity remain ample as BI conducts regular open market operations to drain excess liquidity and maintain …

At 5.1 percent in Q1-2024, GDP growth remains resilient surpassing the middle-income countries' average. Robust private consumption accounted for 57 percent of GDP growth. This reflects consumer confidence supported by …

liquidity remain ample as BI conducts regular open market operations to drain excess liquidity and maintain …

Financial dollarization is considered a source of macroeconomic instability in many emerging economies. Dollarization constrains the ability of central banks to stimulate output during economic downturns. In contrast to the …

assumption of “Wallace neutrality”, where open market operations are ineffective under frictionless financial … 1981. ”A Modigliani-Miller Theorem for Open-Market Operations,” American Economic Review, vol. 71(3) …

Inflation targets were introduced well ahead of the development of the theory of inflation targeting. The practice was successful because it comprised a new set of procedures and institutions for …

unconventional monetary policy is unfortunate. Open market operations to buy or sell government securities has …

Selected Issues

Horton. 2 Including but not limited to open market operations, forward guidance, and term funding facilities …

Hawtrey is now remembered by the majority of our profession, if not as the originator, certainly as the chief proponent of the monetary theory of the trade cycle. [...] The …

the Purvis Principle7. Hawtrey emphasized open market operations as the best (or perhaps the only) way to … a clear distinction between traditional open market operations and these special open market purchases …

This report investigates how the EU should deal with shockflation - inflation unleashed by shocks to systemically significant prices such as energy and food. We argue that the ECB’s monetary …

futures and other derivatives through open market operations. European storage facilities with equitable …