Money Markets Both Listen & Understand
EURObiz- Journal of European Chamber of Commerce in China, pp. 42-43, 2011
Posted: 28 Oct 2011 Last revised: 3 Feb 2012
Date Written: February 28, 2011
Central bank communication has become a hot topic as a consequence of the liberalization of financial markets and the move of central banks to market-oriented monetary instruments. The more market-oriented the instruments the more the central bank needs to rely on a good transmission of its intentions through other means than imposing administrative limits, be it quantitative or price limits.
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