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Global Impact and Challenges of Unconventional Monetary Policies

2013-03-09 Business & Economics
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Release : 2013-03-09
Genre : Business & Economics
Kind : eBook
Book Rating : 39X/5 ( reviews)

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Book Synopsis Global Impact and Challenges of Unconventional Monetary Policies by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Global Impact and Challenges of Unconventional Monetary Policies written by International Monetary Fund. Strategy, Policy, & Review Department. This book was released on 2013-03-09. Available in PDF, EPUB and Kindle. Book excerpt: This paper takes stock of unconventional monetary policies (UMP) and their impact so far, and looks ahead towards exit and prospects for policy coordination. It synthesizes earlier staff work on UMP,1 the findings of a substantial and growing academic and central banking literature, as well as further staff analysis contained in the Background Paper. While some widely accepted conclusions have emerged from the large and growing number of studies on UMP, many important questions remain unsettled, as enough time has not elapsed to draw definitive conclusions. In those cases, the paper will pose the relevant questions and provide possible nswers, while recognizing the uncertainty that remains.

Global Impact and Challenges of Unconventional Monetary Policies - Background Paper

2013-03-09 Business & Economics
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Release : 2013-03-09
Genre : Business & Economics
Kind : eBook
Book Rating : 349/5 ( reviews)

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Book Synopsis Global Impact and Challenges of Unconventional Monetary Policies - Background Paper by : International Monetary Fund. Strategy, Policy, & Review Department

Download or read book Global Impact and Challenges of Unconventional Monetary Policies - Background Paper written by International Monetary Fund. Strategy, Policy, & Review Department. This book was released on 2013-03-09. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides case studies of 13 of the largest non-UMP countries. The case studies begin with an overview of recent macro-economic developments as well as capital flow patterns during the crisis up to the first U.S. tapering announcement in May 2013. Country experiences with capital inflows are judged along five dimensions: (i) the size of capital inflows, (ii) policies used to manage inflows, (iii) external stability, measured by exchange rate overvaluation and current account deficits relative to fundamentals,2 (iv) asset price and credit market reactions, and (v) financial sector stability. Case studies mostly draw on published IMF Staff Reports for each country, as well as the 2013 Pilot External Stability Report (IMF 2013d).

Global Impact and Challenges of Unconventional Monetary Policies

2013
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Release : 2013
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Book Synopsis Global Impact and Challenges of Unconventional Monetary Policies by : Internationaler Währungsfonds

Download or read book Global Impact and Challenges of Unconventional Monetary Policies written by Internationaler Währungsfonds. This book was released on 2013. Available in PDF, EPUB and Kindle. Book excerpt: This paper takes stock of unconventional monetary policies (UMP) and their impact so far, and looks ahead towards exit and prospects for policy coordination. It synthesizes earlier staff work on UMP,1 the findings of a substantial and growing academic and central banking literature, as well as further staff analysis contained in the Background Paper. While some widely accepted conclusions have emerged from the large and growing number of studies on UMP, many important questions remain unsettled, as enough time has not elapsed to draw definitive conclusions. In those cases, the paper will pose the relevant questions and provide possible nswers, while recognizing the uncertainty that remains.

Macroeconomic Shocks and Unconventional Monetary Policy

2019 Business & Economics
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Release : 2019
Genre : Business & Economics
Kind : eBook
Book Rating : 107/5 ( reviews)

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Book Synopsis Macroeconomic Shocks and Unconventional Monetary Policy by : Naoyuki Yoshino

Download or read book Macroeconomic Shocks and Unconventional Monetary Policy written by Naoyuki Yoshino. This book was released on 2019. Available in PDF, EPUB and Kindle. Book excerpt: Barely two decades after the Asian financial crisis Asia was suddenly confronted with multiple challenges originating outside the region: the 2008 global financial crisis, the European debt crisis, and finally developed economies' implementation of unconventional monetary policies. The implementation of quantitative easing, ultra-low interest rate policies, and negative interest rate policies by a number of large central banks has given rise to concerns over financial stability and international capital flows. Macroeconomic Shocks and Unconventional Monetary Policy: Impacts on Emerging Markets explains how shocks stemming from the global financial crisis have affected macroeconomic and financial stability in emerging Asia. Macroeconomic Shocks and Unconventional Monetary Policy: Impacts on Emerging Markets brings together the most up-to-date knowledge impacts of recent macroeconomic shocks on Asia's real economy; the spillover effects of macroeconomic shocks on financial markets and flows in Asia; and key challenges for monetary, exchange rate, trade and macro prudential policies of developing Asian economies. It is authored by experts in the field of international macroeconomics from leading academic institutions, central banks, and international organizations including the International Monetary Fund, the Bank for International Settlement, and the Asian Development Bank Institute.

Monetary Policy Coordination and the Role of Central Banks

2014-04-29 Business & Economics
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Release : 2014-04-29
Genre : Business & Economics
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Book Rating : 519/5 ( reviews)

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Book Synopsis Monetary Policy Coordination and the Role of Central Banks by : Rakesh Mohan

Download or read book Monetary Policy Coordination and the Role of Central Banks written by Rakesh Mohan. This book was released on 2014-04-29. Available in PDF, EPUB and Kindle. Book excerpt: The unconventional monetary policies (UMPs) pursued by the advanced economies (AEs) have posed macroeconomic challenges for the emerging market economies (EMEs) through volatile capital flows and exchange rates. AE central banks need to acknowledge and appreciate the spillovers resulting from such UMPs. Central banks of the AEs, who have set up standing mutual swap facilities, should explore similar arrangements with other significant EMEs with appropriate risk mitigation measures. These initiatives could do much to actually curb volatility in global financial markets and hence in capital flows to EMEs, thus obviating the need for defensive policy actions on the part of EMEs.

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