Abstract:
Central bank will need to carry out transactions on the open market during each
compliance period reserve requirements (regardless of its duration: the day or month) in order to keep the stability of its tactical target (excluding cases where the central bank operates under a regime linked exchange rate rather the use of permanent mechanisms for the base rate). The effective implementation of operations the central bank should have a fairly accurate prediction of factors (the main items of the balance of the central bank), affecting the condition of banks free reserves during the compliance period reserve requirements.