Open Market Operations and the Financial Markets
The ‘New Consensus’, around independent central banks and the use of short-term interest rates as the key instrument of monetary policy, by no means exhausts the range of modern central bank activities or the issues that financial markets pose for the newly consensual monetary policy. Monetary policy has always been underpinned by open market operations, for monetary control purposes, for financial stability purposes through ‘lender of last resort’ facilities, and for exchange rate stabilisation. Latterly, the focus of open market operations has been to enforce central banks’ preferred short-term interest rates, through repurchase agreements. [gemäß den Informationen des Anbieters - according to site editor's information] The website is no longer available.
|Event dates:||2005-09-22 – 2005-09-23|
|Organizers:||SUERF Société Universitaire Européenne de Recherches Financières Bank of Finland|
|Classification:||E5 - Monetary Policy, Central Banking and the Supply of Money and Credit ; F3 - International Finance ; G1 - General Financial Markets|
|Call for papers deadline:||2005-02-28|