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Monetary Policy Implementation

2004-12-02 Business & Economics
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Release : 2004-12-02
Genre : Business & Economics
Kind : eBook
Book Rating : 475/5 ( reviews)

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Book Synopsis Monetary Policy Implementation by : Ulrich Bindseil

Download or read book Monetary Policy Implementation written by Ulrich Bindseil. This book was released on 2004-12-02. Available in PDF, EPUB and Kindle. Book excerpt: The first of its kind, this book is entirely dedicated to the implementation of monetary policy. Monetary policy implementation has gone through tremendous changes over the last twenty years, which have witnessed the quiet end of 'reserve position doctrine' and the return of an explicit focus on short-term interest rates. Enthusiastically supported by Keynes and later by the monetarist school, reserve position doctrine was developed mainly by US central bankers and academics during the early 1920s, and at least in the US became the unchallenged dogma of monetary policy implementation for sixty years. The return of interest rate targeting also corresponds largely to the restoration of central banking principles established in the late 19th century. Providing a simple theory of monetary policy implementation, Bindseil goes on to explain the role of the three main instruments (open market operations, standing facilities, and reserve requirements) and reviews their use in the twentieth century. In closing, he summarizes current views on efficient monetary policy implementation.

Monetary Policy Implementation

2004-12-02 Business & Economics
Download Monetary Policy Implementation PDF Online Free

Author :
Release : 2004-12-02
Genre : Business & Economics
Kind : eBook
Book Rating : 541/5 ( reviews)

GET EBOOK


Book Synopsis Monetary Policy Implementation by : Ulrich Bindseil

Download or read book Monetary Policy Implementation written by Ulrich Bindseil. This book was released on 2004-12-02. Available in PDF, EPUB and Kindle. Book excerpt: The first of its kind, this book is entirely dedicated to the implementation of monetary policy. Monetary policy implementation has gone through tremendous changes over the last twenty years, which have witnessed the quiet end of 'reserve position doctrine' and the return of an explicit focus on short-term interest rates.Enthusiastically supported by Keynes and later by the monetarist school, reserve position doctrine was developed mainly by US central bankers and academics during the early 1920s, and at least in the US became the unchallenged dogma of monetary policy implementation for sixty years. The return of interest rate targeting also corresponds largely to the restoration of central banking principles established in the late 19th century.Providing a simple theory of monetary policy implementation, Bindseil goes on to explain the role of the three main instruments (open market operations, standing facilities, and reserve requirements) and reviews their use in the twentieth century. In closing, he summarizes current views on efficient monetary policy implementation.

The Federal Reserve System Purposes and Functions

2002 Banks and Banking
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Release : 2002
Genre : Banks and Banking
Kind : eBook
Book Rating : 967/5 ( reviews)

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Book Synopsis The Federal Reserve System Purposes and Functions by : Board of Governors of the Federal Reserve System

Download or read book The Federal Reserve System Purposes and Functions written by Board of Governors of the Federal Reserve System. This book was released on 2002. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Monetary Policy Implementation: Operational Issues for Countries with Evolving Monetary Policy Frameworks

2020-02-07 Business & Economics
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Release : 2020-02-07
Genre : Business & Economics
Kind : eBook
Book Rating : 855/5 ( reviews)

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Book Synopsis Monetary Policy Implementation: Operational Issues for Countries with Evolving Monetary Policy Frameworks by : Nils Mæhle

Download or read book Monetary Policy Implementation: Operational Issues for Countries with Evolving Monetary Policy Frameworks written by Nils Mæhle. This book was released on 2020-02-07. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses operational issues for countries that want to reform their monetary policy frameworks. It argues that stabilizing short-term interest rates on a day-to-day basis has significant advantages, and thus that short-term interest rates, not reserve money, in most cases should be the daily operating target, including for countries relying on a money targeting policy strategy. The paper discusses how a policy formulation framework based on monetary aggregates can be combined with an operational framework that ensures more stable and predictable short-term rates to enhance policy transmission. It also discusses how to best configure an interest-rate-based operational framework when markets are underdeveloped and liqudity management capacity is weak.

Monetary Policy Implementation in East Asia

2020-09-13 Business & Economics
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Release : 2020-09-13
Genre : Business & Economics
Kind : eBook
Book Rating : 988/5 ( reviews)

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Book Synopsis Monetary Policy Implementation in East Asia by : Frank Rövekamp

Download or read book Monetary Policy Implementation in East Asia written by Frank Rövekamp. This book was released on 2020-09-13. Available in PDF, EPUB and Kindle. Book excerpt: 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 on the institutional and financial market environment, as well as on successful implementation and communication. The respective contributions cover various aspects of monetary policy implementation, such as: How is inflation targeting handled? For what purposes and how do central banks operate on financial markets, and what are the (at times unintended) effects? How do currency market interventions help achieve the monetary policy targets set by individual countries or areas? In addition, Asian experiences are contrasted with those from the Eurozone.

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