Download or read book Transformations to Open Market Operations written by S. H. Axilrod and published by International Monetary Fund. This book was released on 1996 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: With more countries seeking to deregulate and unleash the potential of market forces, many policymakers and central bankers are grappling with ways to realize the full benefits of open market operations. This paper compares the benefits of open market operations with other methods of monetary control and analyzes the conditions and market architecture necessary for the successful implementation of these operations.