Author : Mulyana Soekarni
Publisher : South East Asian Central Banks Research and Training Centre
Page : 132 pages
File Size : 49,58 MB
Release : 1995
Category : Finance
ISBN :
Focuses on the role of monetary aggregates, inter???est rates and exchange rates as important transmission channels in the period following the financial reforms by relating them to other key policy variables such as income and prices.
Author : Azizah Talib
Publisher :
Page : 570 pages
File Size : 34,16 MB
Release : 1993
Category : Finance
ISBN :
Author : Kent Matthews
Publisher : John Wiley & Sons
Page : 210 pages
File Size : 14,87 MB
Release : 2006-02-22
Category : Business & Economics
ISBN : 0470032812
Since the Bank of England was made independent in 1997, the conduct of monetary policy has been relatively uncontroversial. The debates between Keyneisans, monetarists and supporters of fixed exchange rate mechanisms now appear very distant. Despite the apparent consensus there are many issues related to the conduct of monetary policy that are not yet settled and which will soon come to the fore. Is the current form of independence for the Bank of England appropriate? Should a central bank target inflation or the prices level? How does a central bank deal with asset price deflation? Should more account be taken of monetary aggregates? Should central banks target asset prices? What is the relationship between the money supply and asset price inflation? How should central banks ensure financial stability? The IEA was at the forefront of changing the parameters of the debate surrounding monetary policy in the 1970s and 1980s. This text, brings together some of the leading authors in the field, including the current Governor of the Bank of England, to discuss current issues in monetary policy and the relationship between monetary policy and financial markets. It is appropriate for undergraduates and postgraduates in economics and finance as well as for practitioners in financial markets.
Author : Masahiro Kawai
Publisher : Brookings Institution Press
Page : 338 pages
File Size : 28,20 MB
Release : 2011
Category : Business & Economics
ISBN : 0815722109
"Examines Asia's emerging markets, which survived the financial debacle of 2008-09 with only modest declines in growth; discusses activities that could dampen continuing development in these markets including inflation, surging capital inflows, asset and credit bubbles, and rapid currency appreciation; and offers strategies to promote financial stability"--Provided by publisher.
Author : Ms.Ana Corbacho
Publisher : International Monetary Fund
Page : 311 pages
File Size : 43,95 MB
Release : 2018-10-02
Category : Business & Economics
ISBN : 1513558900
The first part of the book examines the evolution of monetary policy and prudential frameworks of the ASEAN5, with particular focus on changes since the Asian financial crisis and the more recent period of unconventional monetary policy in advanced economies. The second part of the book looks at policy responses to global financial spillovers. The third and last part of the book elaborates on the challenges ahead for monetary policy, financial stability frameworks, and the deepening of financial markets.
Author : Pierre-Richard Agénor
Publisher :
Page : 120 pages
File Size : 22,67 MB
Release : 2013
Category : Inflation targeting
ISBN : 9781597821711
Author : Perry Warjiyo
Publisher : Emerald Group Publishing
Page : 586 pages
File Size : 41,1 MB
Release : 2019-07-25
Category : Business & Economics
ISBN : 1789737516
Central Bank Policy: Theory and Practice analyses various policies, theories and practices adopted by central banks, as well as the institutional arrangements underlying the principles of good governance in policy-making. It is the first book to comprehensively discuss the latest theories and practices of central bank policy.
Author : Eduardo Levy-Yeyati
Publisher : World Bank Publications
Page : 39 pages
File Size : 28,84 MB
Release : 2007
Category : Central Bank
ISBN :
Abstract: In recent years the term "fear of floating" has been used to describe exchange rate regimes that, while officially flexible, in practice intervene heavily to avoid sudden or large depreciations. However, the data reveals that in most cases (and increasingly so in the 2000s) intervention has been aimed at limiting appreciations rather than depreciations, often motivated by the neo-mercantilist view of a depreciated real exchange rate as protection for domestic industries. As a first step to address the broader question of whether this view delivers on its promise, the authors examine whether this "fear of appreciation" has a positive impact on growth performance in developing economies. The authors show that depreciated exchange rates appear to induce higher growth, but that the effect, rather than through import substitution or export booms as argued by the mercantilist view, works largely through the deepening of domestic savings and capital accumulation.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 74 pages
File Size : 33,33 MB
Release : 2015-10-23
Category : Business & Economics
ISBN : 1498344062
Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs.
Author : Naoyuki Yoshino
Publisher :
Page : 0 pages
File Size : 25,1 MB
Release : 2018
Category : Business & Economics
ISBN : 9784899740698
Asian economies continue to be subject to new shocks: US monetary policy tightening, the adoption of negative-interest-rate policies by central banks all over the world, the slowdown of the People's Republic of China, and the sharp drop in oil and other commodity prices. All these highlight the vulnerability of the region to volatile trade and capital flows even as the global and Asian regional financial architecture evolves. This volume analyzes the vulnerabilities of Asian economies to external economic and financial shocks and assesses the performance of Asian regional institutions in financial surveillance and cooperation. It also evaluates ongoing reforms of the global financial architecture, including the International Monetary Fund (IMF), the Financial Stability Board, and reviews the experience of the "Troika" (European Commission, European Central Bank, and the IMF) in managing the European sovereign debt and banking crisis. Based on these, the book develops valuable recommendations to strengthen the Asian regional financial architecture and improve cooperation with global multilateral institutions.
