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This book offers the first systematic discussion of a new and promising field: the economics of independence, accountability and governance of financial supervision institutions. For a long time the design of supervision had been an irrelevant issue, both in theory and practice. This perception...
Persistent link: https://www.econbiz.de/10015412483
Recurrent instability has characterized the global financial system since the 1980s, eventually leading to the current global financial crisis. This instability and the resultant disruptions - sovereign debt defaults, exchange rate misalignments, financial market illiquidity and asset price...
Persistent link: https://www.econbiz.de/10011850688
1. Introduction -- 2. Monetary and fiscal policies for macroeconomic stability : an Asian perspective -- 3. Central banking in the Asia-Pacific : an overview -- 4. Monetary policy : overview of concepts, debates and issues -- 5. Inflation and monetary policy : theories, models and approaches --...
Persistent link: https://www.econbiz.de/10011851021
inflation targeting, the dominant policy framework of central bank policy that focuses on keeping inflation in the low single … Voyvoda and A. Erinç Yeldan -- 11. Employment targeting central bank policy : a policy proposal for South Africa / Gerald …
Persistent link: https://www.econbiz.de/10011851035
such a key role in economic life today? This book examines from a transatlantic perspective how the central bank has become … the bank of banks. Thirteen distinguished economists and central bankers have been brought together to evaluate how …. Coordinating expectations in monetary policy / Stephen Morris and Hyun Song Shin -- ch. 6. Central bank transparency : where, why …
Persistent link: https://www.econbiz.de/10011851386
regulators covering a broad range of issues in modern monetary economics. Topics discussed include: central bank independence …1. No money, no inflation : the role of money in the economy -- 2. Central bank independence -- 3. The use and meaning … loss function -- 5. Six practical views of central bank transparency -- 6. The phases of US monetary policy : 1987 …
Persistent link: https://www.econbiz.de/10011851645
place without an institution--i.e. the central bank - that could preserve confidence in the instruments used as money … the coordination of individual decisions as they minimize transaction costs, overcome information asymmetries and deal …
Persistent link: https://www.econbiz.de/10011852081
that are intrinsically linked. Modern Monetary Policy and Central Bank Governance explores this change by bringing together … Effect on Policy Outcomes', World Bank Economic Review, 6 (3), September, 353-98 -- Alberto Alesina and Lawrence H. Summers … (1993), 'Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence', Journal of Money, Credit, and …
Persistent link: https://www.econbiz.de/10011852195
banking more generally. Chapter authors explore emerging fields of central bank's actions, discussing, for instance, how …
Persistent link: https://www.econbiz.de/10013400370
Part of The Elgar Series on Central Banking and Monetary Policy, this book explores the relationship between central banking, monetary policy and the economy at large, focusing on the specific relationship between central banking, monetary policy and the future of money. The book explores the...
Persistent link: https://www.econbiz.de/10013400374