Author : Harold James
Publisher : Cambridge University Press
Page : 569 pages
File Size : 21,58 MB
Release : 2020-09-17
Category : Business & Economics
ISBN : 1108835015
This authoritative guide to the transformation of the Bank of England into a modern inflation-targeting independent central bank examines a revolution in monetary and economic policy and the modernization of British institutions in the late twentieth century.
Author : Thammarak Moenjak
Publisher : Emerald Publishing Limited
Page : 0 pages
File Size : 30,25 MB
Release : 2024-09-27
Category : Business & Economics
ISBN : 9781837971312
Central Banking at the Frontier: Creating a Digital Financial Landscape comprehensively explores the current digital dynamic era, providing insights into emerging issues, initiatives, and debates that will define the evolving financial landscape.
Author : Mr.Itai Agur
Publisher : International Monetary Fund
Page : 38 pages
File Size : 43,60 MB
Release : 2019-11-18
Category : Business & Economics
ISBN : 1513519883
We study the optimal design of a central bank digital currency (CBDC) in an environment where agents sort into cash, CBDC and bank deposits according to their preferences over anonymity and security; and where network effects make the convenience of payment instruments dependent on the number of their users. CBDC can be designed with attributes similar to cash or deposits, and can be interest-bearing: a CBDC that closely competes with deposits depresses bank credit and output, while a cash-like CBDC may lead to the disappearance of cash. Then, the optimal CBDC design trades off bank intermediation against the social value of maintaining diverse payment instruments. When network effects matter, an interest-bearing CBDC alleviates the central bank's tradeoff.
Author : Michael D. Bordo
Publisher : Cambridge University Press
Page : 719 pages
File Size : 32,85 MB
Release : 2016-06-09
Category : Business & Economics
ISBN : 1107149665
This book discusses the role of central banks and draws lessons from examining their evolution over the past two centuries.
Author : Nicola Bilotta
Publisher : Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
Page : 202 pages
File Size : 23,48 MB
Release : 2021-02-26
Category :
ISBN : 9783034342759
The value of global cashless payments has been radically increasing worldwide. Despite cash being the most used payment instrument in the world, technological innovation and new consumer preferences are decisively transforming the way consumers pay and manage money. The COVID-19 pandemic may also have been an accelerator of the cashless mega-trend. Private players currently dominate the digital payment ecosystem, urging central banks to seek solutions to ensure public access to legal tender if cash is phased out. In this context, the idea of a Central Bank Digital Currency (CBDC) is gaining momentum. Nevertheless, there is a need to better understand the implications in terms of risks, benefits and potential costs of CBDCs. From privacy concerns to macroeconomic effects, these implications blur the boundaries of the payment and financial systems, challenging the core functions of our economy and society.
Author : Kingsley Chiedu Moghalu
Publisher : Penguin UK
Page : 444 pages
File Size : 20,40 MB
Release : 2014-07-24
Category : Social Science
ISBN : 0141979461
A rare and timely intervention from Kingsley Chiedu Moghalu, Deputy Governor of the Central Bank of Nigeria, on development in Africa. To many, Africa is the new frontier. As the West lies battered by financial crisis, Africa is seen as offering limitless opportunities for wealth creation in the march of globalization. But what is Africa to today's Africans? Are its economies truly on the rise? And what is its likely future? In this pioneering book, leading international strategist Kingsley Moghalu challenges conventional wisdoms about Africa's quest for growth. Drawing on philosophy, economics and strategy, he ranges from capitalism to technological innovation, finance to foreign investment, and from human capital to world trade to offer a new vision of transformation. Ultimately he demonstrates how Africa's progress in the twenty-first century will require nothing short of the reinvention of the African mindset. 'Africans seriously analyzing Africa's opportunities are all too rare. Kingsley Moghalu writes with insight and authority' Paul Collier 'Savvy . . . distinguished' Mark Malloch-Brown 'Unique in the depth of its insight, the ambition of its scope, and the clarity of its argument. Kingsley Moghalu brings a remarkable intellect and his vast experience to this tour de force on Africa's economic transformation. This is a truly weighty contribution to understanding Africa's developmental dilemma and its quest for a more prosperous future' Ngozi Okonjo-Iweala 'Insightful and analytical . . . sheds instructive light on Africa's position in the world. It is a testament to the palpable optimism that encompasses Africa while frankly addressing the myriad challenges that lie ahead for its economic transformation' Shashi Tharoor Kingsley Chiedu Moghalu is Deputy Governor of the Central Bank of Nigeria. He was the Founder and CEO of Sogato Strategies S.A., a global strategy and risk management consulting firm in Geneva, Switzerland. He has previously worked for the United Nations for 17 years in strategic planning, legal, development finance and executive management. His previous books include Global Justice and Rwanda's Genocide.
Author : Arthur Frank Burns
Publisher :
Page : 64 pages
File Size : 30,89 MB
Release : 1979
Category : Banks and banking, Central
ISBN :
Author : Ghassan Moazzin
Publisher : Cambridge University Press
Page : 355 pages
File Size : 26,45 MB
Release : 2022-07-07
Category : Business & Economics
ISBN : 1316517039
Explores how foreign banks financially connected modern China to international capital markets and the global economy.
Author : Iain Hardie
Publisher : Oxford University Press (UK)
Page : 285 pages
File Size : 49,3 MB
Release : 2013-08-29
Category : Business & Economics
ISBN : 0199662282
This edited volume offers a study of national banking systems and explains how banking developed in the years preceding the international financial crisis that erupted in 2007. Its analysis of market-based banking shows the impact of the financial crisis in eleven developed economies, including all of the G7 economies.
Author : Gustavo Adler
Publisher : International Monetary Fund
Page : 29 pages
File Size : 46,56 MB
Release : 2020-05-29
Category : Business & Economics
ISBN : 1513536451
The paper documents the use of foreign exchange intervention (FXI) across countries and monetary regimes, with special attention to its use under inflation targeting (IT). We find significant differences between advanced and emerging market economies, with the former group conducting FXI limitedly and broadly symmetrically, while the use of this policy instrument in emerging market countries is pervasive and mostly asymmetric (biased towards purchasing foreign currency, even after taking into account precautionary motives). Within emerging markets, the use of FXI is common both under IT and non-IT regimes. We find no evidence of FXI being used in response to inflation developments, while there is strong evidence that FXI responds to exchange rates, indicating that IT central banks in EMDEs have dual inflation/exchange rate objectives. We also find a higher propensity to overshoot inflation targets in emerging market economies where FXI is more pervasive.
