Author : Otaviano Canuto
Publisher : World Bank Publications
Page : 307 pages
File Size : 43,36 MB
Release : 2013-10-29
Category : Business & Economics
ISBN : 1464800030
This book deals with the challenges of macro financial linkages in the emerging markets.
Author : Pierre-Richard Agenor
Publisher : MIT Press
Page : 601 pages
File Size : 46,97 MB
Release : 2020-11-10
Category : Business & Economics
ISBN : 0262359421
An integrated analysis of how financial frictions can be accounted for in macroeconomic models built to study monetary policy and macroprudential regulation. Since the global financial crisis, there has been a renewed effort to emphasize financial frictions in designing closed- and open-economy macroeconomic models for monetary and macroprudential policy analysis. Drawing on the extensive literature of the past decade as well as his own contributions, in this book Pierre-Richard Age&́nor provides a unified set of theoretical and quantitative macroeconomic models with financial frictions to explore issues that have emerged in the wake of the crisis. These include the need to understand better how the financial system amplifies and propagates shocks originating elsewhere in the economy; how it can itself be a source of aggregate fluctuations; the extent to which central banks should account for financial stability considerations in the conduct of monetary policy; whether national central banks and regulators should coordinate their policies to promote macroeconomic and financial stability; and how much countercyclical macroprudential policies should be coordinated at the international level to mitigate financial spillovers across countries.
Author : International Monetary Fund. African Dept.
Publisher : International Monetary Fund
Page : 53 pages
File Size : 34,34 MB
Release : 2018-07-23
Category : Business & Economics
ISBN : 1484361490
This paper assesses and disseminates experiences and lessons from low-income countries (LICs) in Sub-Saharan Africa that were selected by the Africa Department in 2015-16 as pilots for enhanced analysis of macro-financial linkages in Article IV staff reports. The paper focuses on the common characteristics across the pilot countries and highlights the tools used in the analysis, the challenges encountered, and the solutions deployed in overcoming them.
Author : Nephil Matangi Maskay
Publisher :
Page : 328 pages
File Size : 37,27 MB
Release : 2010
Category : Global Financial Crisis, 2008-2009
ISBN :
"The macroeconomy is linked with the financial market by the latter performing the important function of allocating resources and risks, which facilitates overall economic growth. Importantly, the macro-financial link is closely intertwined with monetary policy management since it contributes to fine-tuning and making it more effective. However, fundamental changes related to both increasing globalisation and financial development suggest that the nature of this link has changed significantly."- -Executive summary.
Author : Board of Governors of the Federal Reserve System
Publisher :
Page : 0 pages
File Size : 16,93 MB
Release : 2002
Category : Banks and Banking
ISBN : 9780894991967
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Author : Farrokh K. Langdana
Publisher : Springer Science & Business Media
Page : 299 pages
File Size : 27,37 MB
Release : 2013-03-09
Category : Business & Economics
ISBN : 1475736460
This is an applications-oriented text that demystifies the linkages between monetary and fiscal policies and key macroeconomic variables such as income, unemployment, inflation and interest rates. Specially written "newspaper" articles simulate current macroeconomic news on asset-price bubbles, exchange rates, hyperinflation and more. Exercises and diagrams, and a global perspective – incorporating both developed and emerging economies - make this a broadly useful, real-world oriented text on a complex and shifting subject.
Author : Mr.Bas B. Bakker
Publisher : International Monetary Fund
Page : 46 pages
File Size : 17,77 MB
Release : 2012-06-07
Category : Business & Economics
ISBN : 1475572689
This note explores the costs and benefits of different policy options to reduce the risks associated with credit booms, drawing upon several country experiences and the findings from econometric analysis.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 45 pages
File Size : 25,89 MB
Release : 2014-06-11
Category : Business & Economics
ISBN : 1498342620
This note provides guidance to facilitate the staff’s advice on macroprudential policy in Fund surveillance. It elaborates on the principles set out in the “Key Aspects of Macroprudential Policy,” taking into account the work of international standard setters as well as the evolving country experience with macroprudential policy. The main note is accompanied by supplements offering Detailed Guidance on Instruments and Considerations for Low Income Countries
Author : Frederic S. Mishkin
Publisher : MIT Press
Page : 561 pages
File Size : 34,39 MB
Release : 2007
Category : Monetary policy
ISBN : 0262134829
This book by a leading authority on monetary policy offers a unique view of the subject from the perspectives of both scholar and practitioner. Frederic Mishkin is not only an academic expert in the field but also a high-level policymaker. He is especially well positioned to discuss the changes in the conduct of monetary policy in recent years, in particular the turn to inflation targeting. Monetary Policy Strategydescribes his work over the last ten years, offering published papers, new introductory material, and a summing up, "Everything You Wanted to Know about Monetary Policy Strategy, But Were Afraid to Ask," which reflects on what we have learned about monetary policy over the last thirty years. Mishkin blends theory, econometric evidence, and extensive case studies of monetary policy in advanced and emerging market and transition economies. Throughout, his focus is on these key areas: the importance of price stability and a nominal anch fiscal and financial preconditions for achieving price stability; central bank independence as an additional precondition; central bank accountability; the rationale for inflation targeting; the optimal inflation target; central bank transparency and communication; and the role of asset prices in monetary policy.
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 33 pages
File Size : 35,87 MB
Release : 1998-03-01
Category : Business & Economics
ISBN : 1451844239
Recently, monetary authorities have increasingly focused on implementing policies to ensure price stability and strengthen central bank independence. Simultaneously, in the fiscal area, market development has allowed public debt managers to focus more on cost minimization. This “divorce” of monetary and debt management functions in no way lessens the need for effective coordination of monetary and fiscal policy if overall economic performance is to be optimized and maintained in the long term. This paper analyzes these issues based on a review of the relevant literature and of country experiences from an institutional and operational perspective.
