TY - BOOK ID - 84657317 TI - The Conduct of Monetary Policy in the Major industrial Countries : instruments and Operations Procedures: Occa Paper No.70. PY - 1990 SN - 1462324355 1462363709 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Monetary policy KW - Monetary management KW - Economic policy KW - Currency boards KW - Money supply KW - Banks and Banking KW - Finance: General KW - Infrastructure KW - Investments: General KW - Money and Monetary Policy KW - Foreign Exchange KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Interest Rates: Determination, Term Structure, and Effects KW - General Financial Markets: General (includes Measurement and Data) KW - Central Banks and Their Policies KW - Monetary Policy, Central Banking, and the Supply of Money and Credit: General KW - Banking KW - Finance KW - Monetary economics KW - Investment & securities KW - Macroeconomics KW - Currency KW - Foreign exchange KW - Discount rates KW - Open market operations KW - Commercial banks KW - Short term interest rates KW - Financial services KW - Central banks KW - Financial institutions KW - Money markets KW - Financial markets KW - Banks and banking KW - Discount KW - Interest rates KW - Money market KW - Japan UR - https://www.unicat.be/uniCat?func=search&query=sysid:84657317 AB - This paper discusses instruments and operating procedures of the conduct of monetary policy in the major industrial countries. The exchange rate mechanism of the European Monetary System (EMS) provides clear evidence of the role of exchange rates in influencing monetary policy; the commitment of EMS participants to maintain their exchange rates within agreed limits has often led them to undertake policy measures aimed at exchange rate objectives. The procedures for implementing monetary policy in the five countries examined here exhibit numerous common features; the dissimilarities that exist do not appear to be fundamental, but rather are attributable primarily to differences in institutional conditions. This paper describes the procedures employed by these monetary authorities so that changes in policy stances can be identified. ER -