Open” in the context of “open market policy” means three things. – First, it refers to the direction of acting of the central bank, which opens up and goes to the market. – Second, it refers to the market that is open to the public and freely accessible to all (public domain); this is the credit market as a whole. – Finally, it is also intended to express that only securities in circulation, but not also newly issued securities, are subject to intervention, to intervention in the market (open market = current, existing market).

– First, it refers to the direction of acting of the central bank, which opens up and goes to the market. – Second, it refers to the market that is open to the public and freely accessible to all (public domain); this is the credit market as a whole. – Finally, it is also intended to express that only securities in circulation, but not also newly issued securities, are subject to intervention, to intervention in the market (open market = current, existing market).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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