NMO - New monetary operations
Monetary operations are essential to the effective implementation of a central bank’s monetary policy. This seminar will look at recent developments in money market operations, including the Bank of England’s Money Market Reforms and reforms aimed at stabilising short-term money market rates, increasing transparency and reducing risks. The following topics are likely to be covered: • review a central bank’s balance sheet in the light of monetary operations and risk tolerances; • Money Market Reform: reserve averaging and targets, fine-tunes, short and long-term repos; • recent and future revisions to the framework: discount window facility, long-term repos, bond portfolio purchases; • success criteria: monitoring performance of operational structures; • currency in circulation, forecasting models and implications for monetary operation design; • collateral requirements for new open market operations; • monetary operations in stressed conditions, in particular, at the zero-bound; and • operational infrastructure adjustment to meet changes in a central banks’ balance sheet and money market developments. [gemäß den Informationen des Anbieters - according to site editor's information] The website is no longer available.
|Event dates:||2010-07-12 – 2010-07-16|
|Organizer:||Bank of England, Centre for Central Banking Studies|
|Classification:||E5 - Monetary Policy, Central Banking and the Supply of Money and Credit|
|Event type:||Seminare, Summer Schools, Symposien, Workshops; Seminars, Summer Schools, Symposiums, Workshops|