Nachdem das reale Bruttosozialprodukt (BSP) in den Boomjahren 1987 bis 1991 jeweils um mindestens 4% gewachsen war, stieg es 1992 nur noch um 1,5%. 1993 wird das reale BSP abermals höchstens in der gleichen Größenordnung zunehmen. Auch 1994 werden die Auftriebskräfte noch relativ schwach...

When monetary policy was still largely confined to the setting of interest rates and conventional open market operations, monetary policy implementation could be considered a technical issue beyond the scope for academic analysis. This has changed with the advent of the so-called unconventional...

This book shares essential insights into the implementation of monetary policy in various East Asian countries. Highlighting case studies from China, Taiwan, Korea, Japan and Singapore, leading economists and practitioners from central banks illustrate how dependent effective monetary policy is...

CHAPTER 1 Monetary Policy in East Asia: Implementation Matters .-PART I:The Framework of Monetary Policy Implementation -- CHAPTER 2China’s Monetary Policy Re-visited: Institutional Setting, Main Tools, Challenges -- CHAPTER 3The Operation of Inflation Targeting in Korea -- PART II:Central...

This book presents contributions by leading academics and practitioners from central banks to shed light on the function and impact of cash in Asian countries. It explores the impact of cash on society, the role of cash in monetary policy, and the future of cash in various monetary systems,...

The number of digital currencies has increased significantly in recent years. So-called central bank digital currencies (CBDCs), created by central banks, are at the forefront of this development. Combining the advantages of an electronic means of payment - namely the speed and efficiency of...