The aim of this book, first published in 1971, is to give the
student of monetary economics a clear understanding of the
theoretical potentialities of monetary policy as well as the
practical limitations that prevent these potentialities from being
realised. This volume discusses the central bank's operations in
both long- and short-term financial markets, the effects of foreign
inflows and outflows of funds, the implications of government
budgetary policy, and the repercussions of the activity of non-bank
financial institutions. Monetary Management should be of interest
to students of finance and to all those concerned by controversies
about the operation of monetary policy.
General
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