Bank-By-Bank Credit Ceilings: Issues And Experiences
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Originally published | 1996 |
Authors | Mitra Farahbaksh |
Gabriel Sensenbrenner | |
Date of Reg. | |
Date of Upd. | |
ID | 1690189 |
About 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. . . .