THE ORETICAL FOUNDATIONS OF OPEN MARKET INSTRUMENTS OF MONETARY POLICY

Kurbonbekova Mokhichehra Turobjonovna

THE ORETICAL FOUNDATIONS OF OPEN MARKET INSTRUMENTS OF MONETARY POLICY

Authors

Kurbonbekova Mokhichehra Turobjonovna PhD, “Banking and Investments” department Tashkent State University of Economics

Keywords:

monetary policy, open market policy, government debt obligations, bonds.

Abstract

This research paper is devoted to the consideration of the reasons for the occurrence of open market operations of monetary policy and its theoretical foundations. In addition, it examines foreign experience in the development of open market policy. According to the research findings, it has been concluded that not only government debt obligations, but also other liquid securities are widely used by Central banks as an object of the open market instruments.

References

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Lagos R., Rocheteau G., and Wright R. (2015) “Liquidity: A New Monetarist Perspective,” JEL, in press.

Mishkin, F. (2021). The Economics of Money, Banking and Financial Markets, eBook. Pearson Higher Ed.

Nosal E. and Rocheteau G. (2011) Money, Payments and Liquidity.

Rocheteau, G., Wright, R., & Xiao, S. X. (2018). Open market operations. Journal of Monetary Economics, 98, 114-128.

Williamson S., and Wright R. (2010) “New Monetarist Economics: Models,” Handbook of Monetary Economics, B. Friedman and M. Woodford, eds.

www.cbu.uz

www.federalreserve.gov

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Published

2022-01-27

How to Cite

Kurbonbekova Mokhichehra Turobjonovna. (2022). THE ORETICAL FOUNDATIONS OF OPEN MARKET INSTRUMENTS OF MONETARY POLICY . INTERNATIONAL JOURNAL OF SOCIAL SCIENCE & INTERDISCIPLINARY RESEARCH ISSN: 2277-3630 Impact Factor: 8.036, 11, 59–62. Retrieved from https://gejournal.net/index.php/IJSSIR/article/view/227