Abstract
The theme of this colloquium — ‘Shifting Frontiers in Financial Markets’ — is certainly appropriate to the mid-1980s. We have witnessed in the recent past in nearly all industrial countries a speed-up in the evolution of financial markets and institutions through an interaction of market forces and a political readiness to respond to them constructively, though sometimes with reluctance and delay. The general impression in North America, Japan and Western Europe is one of financial-market frontiers shifting or losing their traditional significance in a process of osmosis. Can the undoubted gain in the efficiency of financial markets be perceived to outweigh the implications involved for monetary policy?
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© 1986 Martinus Nijhoff Publishers, Dordrecht/Boston/Lancaster
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Thygesen, N. (1986). What Monetary Targets in an Evolving Financial System? An Introductory Address. In: Fair, D.E. (eds) Shifting Frontiers in Financial Markets. Financial and Monetary Policy Studies, vol 12. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-5157-0_3
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DOI: https://doi.org/10.1007/978-94-009-5157-0_3
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