Monetary policy implementation - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-28T23:26:44+00:00Implementation of Monetary Policy in a Regime with Zero Reserve Requirements
https://www.bankofcanada.ca/1997/04/working-paper-1997-8/
Monetary policy can be implemented effectively without reserve requirements as long as cost incentives ensure a predictable demand for settlement balances. A central bank can then achieve the level of short-term interest rates that it desires, using market-oriented instruments only.1997-04-01T15:48:42+00:00enImplementation of Monetary Policy in a Regime with Zero Reserve Requirements1997-04-01Monetary policy implementationWorking Paper 1997-8 https://www.bankofcanada.ca/wp-content/uploads/2010/05/wp97-8.pdfImplementation of Monetary Policy in a Regime with Zero Reserve RequirementsKevin ClintonApril 1997EE5E52