We discuss the prospects for Chinese money market development and transition to market-based monetary policy operations based on a comparative historical analysis of the present Chinese situation and the development in 11 European countries from 1979 up to the launch of European Economic and...

We study the interplay between money market development and changes in monetary policy operating procedures in 11 European countries from c. 1980 up to the launch of EMU. Aspects of money market development such as the size and structure of different market segments, and institutional and...

The Eurosystem and the U.S. Federal Reserve System follow quite different approaches to the execution of monetary policy. The former institution adopts a "hands-off" approach that largely delegates to depository institutions the task of stabilizing their own liquidity at high frequency. The...

This paper presents the similarities, the differences and the special characteristics of money markets versus the bondd markets.Thence, presented the two markets, and showed the rate of their influence from the applied moetary policies

The rapid growth of credits in Eastern Europe in the recent years poses many questions about the possibility to maintain sufficient liquidity in the banking system and particularly on the development of money markets. Comparing the money interest rate spreads in Romania and Bulgaria a conclusion...