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Part I Overview

Part I Overview »

Source: Payment Systems, Monetary Policy and the Role of the Central Bank

Series: Books

Author(s): Omotunde Johnson , Jean-Marc Destresse , Nicholas Roberts , Mark Swinburne , Tonny Lybek , and Richard Abrams

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 March 1998

ISBN: 9781557756268

Keywords: payments, credit, payment system, payment systems, banking

...

Part II Major Policy Issues

Part II Major Policy Issues »

Source: Payment Systems, Monetary Policy and the Role of the Central Bank

Series: Books

Author(s): Omotunde Johnson , Jean-Marc Destresse , Nicholas Roberts , Mark Swinburne , Tonny Lybek , and Richard Abrams

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 March 1998

ISBN: 9781557756268

Keywords: payments, credit, payment system, payment systems, banking

...

Part III Selected Countries

Part III Selected Countries »

Source: Payment Systems, Monetary Policy and the Role of the Central Bank

Series: Books

Author(s): Omotunde Johnson , Jean-Marc Destresse , Nicholas Roberts , Mark Swinburne , Tonny Lybek , and Richard Abrams

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 March 1998

ISBN: 9781557756268

Keywords: payments, credit, payment system, payment systems, banking

...

Part IV Conclusions

Part IV Conclusions »

Source: Payment Systems, Monetary Policy and the Role of the Central Bank

Series: Books

Author(s): Omotunde Johnson , Jean-Marc Destresse , Nicholas Roberts , Mark Swinburne , Tonny Lybek , and Richard Abrams

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 March 1998

ISBN: 9781557756268

Keywords: payments, credit, payment system, payment systems, banking

...

The Payment System and Monetary Policy

The Payment System and Monetary Policy »

Source: The Payment System and Monetary Policy

Volume/Issue: 1998/4

Series: IMF Policy Discussion Papers

Author(s): Omotunde Johnson

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 1998

ISBN: 9781451973389

Keywords: Payment systems, Monetary policy, central bank, payment system, central banks, interest rates

Achieving the primary objective of price stability without unduly compromising the operational efficiency of the payment system constitutes a major problem for central banks. Routine monetary policy presumes a give...

3 Payment Systems and Monetary Policy

3 Payment Systems and Monetary Policy »

Source: Payment Systems, Monetary Policy and the Role of the Central Bank

Series: Books

Author(s): Omotunde Johnson , Jean-Marc Destresse , Nicholas Roberts , Mark Swinburne , Tonny Lybek , and Richard Abrams

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 March 1998

ISBN: 9781557756268

Keywords: payments, credit, payment system, payment systems, banking

Central banks play an important role at the center of modern payment systems because it is central banks’ liquid liabilities—and more particularly reserves balances—that are the ins...

Payment Systems, Monetary Policy and the Role of the Central Bank

Payment Systems, Monetary Policy and the Role of the Central Bank »

Series: Books

Author(s): Omotunde Johnson , Jean-Marc Destresse , Nicholas Roberts , Mark Swinburne , Tonny Lybek , and Richard Abrams

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 March 1998

DOI: http://dx.doi.org/10.5089/9781557756268.071

ISBN: 9781557756268

Keywords: payments, credit, payment system, payment systems, banking

A payment system encompasses a set of instruments and means generally acceptable in making payments; the institutional and organizational framework governing such payments, including prudential regulation; and the...

Back Matter

Back Matter »

Source: Payment Systems, Monetary Policy and the Role of the Central Bank

Series: Books

Author(s): Omotunde Johnson , Jean-Marc Destresse , Nicholas Roberts , Mark Swinburne , Tonny Lybek , and Richard Abrams

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 March 1998

ISBN: 9781557756268

Keywords: payments, credit, payment system, payment systems, banking

A payment system encompasses a set of instruments and means generally acceptable in making payments; the institutional and organizational framework governing such payments, including prudential regulation; and the...

Front Matter

Front Matter »

Source: Payment Systems, Monetary Policy and the Role of the Central Bank

Series: Books

Author(s): Omotunde Johnson , Jean-Marc Destresse , Nicholas Roberts , Mark Swinburne , Tonny Lybek , and Richard Abrams

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 March 1998

ISBN: 9781557756268

Keywords: payments, credit, payment system, payment systems, banking

A payment system encompasses a set of instruments and means generally acceptable in making payments; the institutional and organizational framework governing such payments, including prudential regulation; and the...

9 Poland

9 Poland »

Source: Payment Systems, Monetary Policy and the Role of the Central Bank

Series: Books

Author(s): Omotunde Johnson , Jean-Marc Destresse , Nicholas Roberts , Mark Swinburne , Tonny Lybek , and Richard Abrams

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 March 1998

ISBN: 9781557756268

Keywords: payments, credit, payment system, payment systems, banking

Poland is a formerly centrally planned economy with a per capita GDP of over $2,300 (1993), a population of about 38.5 million, and an area of 121,000 square miles. Until 1989, it h...