Subject: open market operations or open market-type operations The level of development, structure, and depth of the markets will affect which money market instruments are likely to perform better (open market operations or open market-type operations) and which auction technique can be used to structure these operations (Box 4.3).• Open market-type operations, which are market-based monetary operations based on auction techniques regulated by the central bank. OMO-type operations involve: (1) lending/borrowing against underlying assets as collateral; (2) primary market issuance of central bank securities or government securities for monetary policy purposes; and (3) acceptance of fixed term-deposits. Есть ли какое-то принятое определение? :) |
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