Bank-By-Bank Credit Ceilings : Issues and Experiences

Issues and Experiences

Bank-By-Bank Credit Ceilings : Issues and Experiences
Many central banks have abandoned credit ceilings in favor of monetary control frameworks based on indirect instruments. In the long run, ceilings limited competition, hampered the development of a money market, and caused disintermediation. Despite the many distortions associated with the use of credit ceilings, some countries continue to... READ MORE...

Publication date: June 1996
ISBN 9781451848373
$15.00

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