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This paper reviews issues in the development of a market-based system of monetary control in...

Many countries have initiated reforms in their monetary control procedures by relaxing direct...

This Selected Issues paper and Statistical Appendix explores four policy issues—fiscal policy,...

Many central banks have abandoned credit ceilings in favor of monetary control frameworks based...

This paper reviews the Jamaican experience with indirect instruments and contrasts this with the...

This paper examines the experience of implementing indirect instruments of monetary policy. The...