Informational Efficiency, Interest Rate Variability, and Central Bank Operations
By:International Monetary Fund
Published on 1997-03-01 by International Monetary Fund
It is shown how the frequency of central bank intervention in financial markets can affect the incentives for economic agents to acquire information, which will be reflected in market prices and thus become available to policy makers. The optimal frequency of intervention, and therefore the optimal interest rate variability, will balance the desirability of attaining given operational targets against the benefits of encouraging informational efficiency. The ability of the central bank to send clear signals of its own intentions will also depend on market informational efficiency.
This Book was ranked at 13 by Google Books for keyword markets and efficiency.
Book ID of Informational Efficiency, Interest Rate Variability, and Central Bank Operations's Books is nNThEAR2ETUC, Book which was written byInternational Monetary Fundhave ETAG "HmRr+Gw3kG8"
Book which was published by International Monetary Fund since 1997-03-01 have ISBNs, ISBN 13 Code is 9781451892109 and ISBN 10 Code is 1451892101
Reading Mode in Text Status is false and Reading Mode in Image Status is true
Book which have "30 Pages" is Printed at BOOK under CategoryBusiness and Economics
This Book was rated by Raters and have average rate at ""
This eBook Maturity (Adult Book) status is NOT_MATURE
Book was written in en
eBook Version Availability Status at PDF is true and in ePub is false
Book Preview
Tidak ada komentar:
Posting Komentar