00000nam 2200000zi 4500 9.891416 CaOODSP 20240826173120 m o d f cr cn||||||||| 200914t20202020onc ob f000 0 eng d CaOODSP eng rda CaOODSP FB3-5/2020-35E-PDF Bulusu, Narayan, author. Why do central banks make public announcements of open market operations? / by Narayan Bulusu. Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 2020. ©2020 1 online resource (ii, 57 pages) text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2020-35 Cover title. "Last updated: August 31, 2020." Includes bibliographical references (pages 40-44). "Central banks make public the results of open market operations (OMOs), which they use to adjust the liquidity available to the financial system to maintain the short-term borrowing rate in the range compatible with achieving their monetary policy objectives. This paper shows that such announcements are costly because they moderate the impact of changes in supply achieved through OMOs. Nevertheless, communication of OMOs is desirable because it improves the transparency of the funding market, which makes the price of liquidity—a key input into economic decision making—more reflective of underlying demand and supply of liquidity"--Abstract, page ii. Open market operations Canada. Overnight funds Canada. Securities lending Canada. Marché libre Canada. Argent au jour le jour Canada. Prêts-emprunts de titres Canada. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 1701-9397 ; 2020-35. (CaOODSP)9.806221 PDF 638 KB https://publications.gc.ca/collections/collection_2020/banque-bank-canada/FB3-5-2020-35-eng.pdf