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Running head: ANNOTATE BIBLIOGRAPHY 1

Open - market operation

Axelrod. In Wilson & International Monetary Fund (1996). Transformations to open market operations. Developing economies and emerging markets. The author explains how the central bank of a country controls the open market operation. The central bank sells or buys the government securities from the citizens.

Quintyn & International Monetary Fund. (1994). Government securities and central bank securities in developing open market operations. According to the author, the government, securities are the primary regulators of the open market operations. They sell to the citizens and the vice versa. The book is of great importance to the students in economy studies.

Baumol, W. J., & Blinder, A. S. (2009). Economics: Principles and Policy. It describes the principals of open market operation. It also explains how to apply it in a country. Also, the author explains how it regulates liquid funds held by banks.

Hoag, A. J., & Hoag, J. H. (2006). Introductory economics. In this, the author describes how the economy can change in a country. As a result, the open market is used to regulate the economy.

Ahmed, R. (1979). Foodgrain supply, distribution and consumption policies. The government regulates supply in the market according to Ahmend. It can also reduce prices and increase supply in the market.

Gc Sen. Open Market Operation.The author of the article first comes up with the definition of the term ‘open market operation.’ He also describes how the government takes parts in regulating currency. Therefore, regulating money supply in a country helps in controlling infliation.

The Economics and Politics of Transition to an Open Market Economy. (2002). Development Centre Studies. The writer explains how politics can bring out an open market in the current economy. Politics may build up a good market in the economy especially when there is peace thus reducing inflation. Also, they argue that the existing policies in a given country facilitate open market operation

Wittman, D. Normative public finance without guilt. It talks of the national finance and how open market can regulate it in each country. Also political can influence the free market in a country.

Zhao, Y. (2010). Application of OMO in China. The Journal talks of how the China government applies open market. It aids in its significant development.

Harvey, C. (1994). The Impact of the Federal Reserve Bank's Open Market Operations. In the article, the author explains how the feds alter supply of liquidity in the overnight money through the open market supply. He uses data from the federal funds trading desk of the New York to analyze the effects. Therefore, this article is of great importance to the readers.

Obstfeld, M. (1980). The Capitalization of Income Streams and the Effects of Open Market Policy under Fixed Exchange Rates. It talks about how capital and the income can bring effects in the economy of a country. The open market is used to control the economy.