Why does 'liability management' make monetary control more difficult?

Eventually, the existing form of monetary control would be rendered useless.

Its key element was a relaxation of the past two years' tight monetary controls in an effort to halt recession.

That would make monetary control difficult but manageable, under a system of convertible currencies.

The current policy is an exercise of unfair monetary control over singles.

Before they can actually apply techniques of monetary control, there are two preliminary decisions the authorities must make:

Thus targeting was abandoned, but the government still continued to use various techniques of monetary control.

Even though this is the current preferred method of monetary control it is not without its difficulties.

Accurate monetary control requires the authorities to be able to predict the demand curve for money.

In general, residents are subject to monetary controls but not non-residents.