Monetary Policy and Financial Innovations in Five Industrial Countries
Author : Stephen F. Frowen
Publisher :
Page : pages
File Size : 45,36 MB
Release : 1992
Category :
ISBN : 9781349216864
Monetary Policy and Financial Innovations in Five IndustrialCountries
Author : Andrew Gamble
Publisher : Springer
Page : 185 pages
File Size : 20,81 MB
Release : 2016-07-27
Category : Business & Economics
ISBN : 1349216844
Book Description
The objective of this present volume is to analyse the response to the developments and the consequences for the conduct of monetary policy in five industrial countries. Also considered is the stability of hitherto established relationships between economic variables on which the reliability of monetary policy measures depends. The volume further covers some of the international aspects involved and the important implications of the emerging dominant and persistent flows of long-term capital across the exchanges.
Monetary Policy and Financial Innovations in Five IndustrialCountries
Author : Stephen F. Frowen
Publisher : Palgrave Macmillan
Page : 202 pages
File Size : 50,64 MB
Release : 1992
Category : Business & Economics
ISBN :
Book Description
The objective of this present volume is to analyse the response to the developments and the consequences for the conduct of monetary policy in five industrial countries. Also considered is the stability of hitherto established relationships between economic variables on which the reliability of monetary policy measures depends. The volume further covers some of the international aspects involved and the important implications of the emerging dominant and persistent flows of long-term capital across the exchanges.
Monetary Policy and Financial Innovations in Five Industrial Countries
Author : Stephen F. Frowen
Publisher : Palgrave Macmillan
Page : 171 pages
File Size : 33,61 MB
Release : 1992-01-01
Category : Business & Economics
ISBN : 9780312035235
Book Description
Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries
Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 74 pages
File Size : 40,29 MB
Release : 2015-10-23
Category : Business & Economics
ISBN : 1498344062
Book Description
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.
Monetary Policy Transmission in Emerging Markets and Developing Economies
Author : Mr.Luis Brandao-Marques
Publisher : International Monetary Fund
Page : 54 pages
File Size : 50,56 MB
Release : 2020-02-21
Category : Business & Economics
ISBN : 1513529730
Book Description
Central banks in emerging and developing economies (EMDEs) have been modernizing their monetary policy frameworks, often moving toward inflation targeting (IT). However, questions regarding the strength of monetary policy transmission from interest rates to inflation and output have often stalled progress. We conduct a novel empirical analysis using Jordà’s (2005) approach for 40 EMDEs to shed a light on monetary transmission in these countries. We find that interest rate hikes reduce output growth and inflation, once we explicitly account for the behavior of the exchange rate. Having a modern monetary policy framework—adopting IT and independent and transparent central banks—matters more for monetary transmission than financial development.
Powering the Digital Economy: Opportunities and Risks of Artificial Intelligence in Finance
Author : El Bachir Boukherouaa
Publisher : International Monetary Fund
Page : 35 pages
File Size : 39,11 MB
Release : 2021-10-22
Category : Business & Economics
ISBN : 1589063953
Book Description
This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.
FinTech in Sub-Saharan African Countries
Author : Mr.Amadou N Sy
Publisher : International Monetary Fund
Page : 61 pages
File Size : 44,29 MB
Release : 2019-02-14
Category : Business & Economics
ISBN : 1484385667
Book Description
FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.
The Federal Reserve System Purposes and Functions
Author : Board of Governors of the Federal Reserve System
Publisher :
Page : 0 pages
File Size : 12,78 MB
Release : 2002
Category : Banks and Banking
ISBN : 9780894991967
Book Description
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.
Issues in Monetary Policy
Author : Kent Matthews
Publisher : John Wiley & Sons
Page : 210 pages
File Size : 38,61 MB
Release : 2006-02-22
Category : Business & Economics
ISBN : 0470032812
Book Description
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.
