Inflation, Monetary Transparency, and G3 Exchange Rate Volatility
Author: Kenneth N. Kuttner
Publisher:
Published: 2000
Total Pages: 39
ISBN-13:
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Inflation Targeting, Transparency and Interest Rate Volatility
Author: Jagjit Chadha
Publisher:
Published: 1999
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKAdapting to Financial Globalisation
Author: Morten Balling
Publisher: Routledge
Published: 2005-08-04
Total Pages: 494
ISBN-13: 1134528043
DOWNLOAD EBOOKAdapting to the demands of financial globalisation is currently one of the most pressing preoccupations of bankers, financial institutions and financial authorities. Many aspects of this issue are addressed in this volume, based on a colloquium held in Vienna in April 2000 by the Société Universitaire Européene de Rechèrches Financières (SUERF) jointly with the Austrian National Bank. Individual chapters, written by academics, central bankers and market professionals, focus on the strategic implications of global pressures which are tending to eradicate the previously clear boundaries of time, distance, legal frameworks, culture, languages and currencies.
Inflation Targeting Pillars
Author: Mr. Douglas Laxton
Publisher: International Monetary Fund
Published: 2009-12-01
Total Pages: 22
ISBN-13: 1451918232
DOWNLOAD EBOOKThis is the fourth chapter of a forthcoming monograph entitled "On Implementing Full-Fledged Inflation- Targeting Regimes: Saying What You Do and Doing What You Say." It examines a number of issues related to transparency and accountability in an inflation-targeting regime. It first looks at the factors behind the move to increased transparency in recent years and the important role of a communications strategy in transparency. It then turns to the role of the forecast in communications, how risks surrounding the forecast are communicated, and whether there should be limits on what is made public. It concludes with a short discussion of accountability.
Inflation Targeting in the World Economy
Author: Edwin M Truman
Publisher: Columbia University Press
Published: 2003-10-27
Total Pages: 278
ISBN-13: 0881324507
DOWNLOAD EBOOKThis study reviews the literature on the contribution of low inflation to economic growth and the subsequent widespread adoption of inflation targeting as a monetary policy framework. Edwin Truman addresses the challenges and risks associated with such a framework. Building on these foundations, the study focuses on two major international economic policy issues: (1) the implications of differing national regimes of inflation targeting for international economic policy cooperation; and (2) the adoption of inflation targeting by emerging-market economies which often lack stable monetary policy environments and credible policy authorities—a situation which, among other things, can complicate the use of the inflation targeting framework as the basis for IMF-supported stabilization programs.
Monetary Policy with Very Low Inflation in the Pacific Rim
Author: Takatoshi Ito
Publisher: University of Chicago Press
Published: 2007-11-01
Total Pages: 426
ISBN-13: 0226379019
DOWNLOAD EBOOKExtremely low inflation rates have moved to the forefront of monetary policy discussions. In Asia, a number of countries—most prominently Japan, but also Taiwan and China—have actually experienced deflation over the last fifteen years. Monetary Policy with Very Low Inflation in the Pacific Rim explores the factors that have contributed to these circumstances and forecasts some of the potential challenges faced by these nations, as well as some potential solutions. The editors of this volume attribute low inflation and deflation in the region to a number of recent phenomena. Some of these episodes, they argue, may be linked to rapid growth on the supply side of economies. Here, inadequate demand policy can produce what is referred to as a "liquidity trap" in which the expectation of falling prices encourages agents to defer costly purchases, thereby discouraging growth. Low inflation rates can also be traced to the presence of a "zero-lower bound" on interest rates, as well as the inflation-targeting phenomenon. Targets have been set so low, the editors argue, that in some cases a few bad shocks lead to deflation.
The Link Between Adherence to International Standards of Good Practice, Foreign Exchange Spreads, and Ratings
Author: Mr.Charalambos Christofides
Publisher: International Monetary Fund
Published: 2003-04-01
Total Pages: 33
ISBN-13: 1451849613
DOWNLOAD EBOOKThis paper examines the relationship between adherence to international standards of good practice in policy-making and two key indicators of access to capital markets and the cost of this access: spreads and sovereign ratings. In contrast to other work, this study reviews a broad set of indicators for adherence to international standards. The estimations are conducted for emerging market economies, and pay particular attention to issues of persistence in spreads and ratings and nonlinearities in the relationships. The main finding confirms the expectation that standards are indeed relevant. Accounting standards and property rights are especially important for spreads, in addition to data transparency (SDDS subscription). Accounting standards and corruption are especially important in explaining ratings in addition to trade protectiveness (not a standard).
Central Banks as Economic Institutions
Author: Jean-Philippe Touffut
Publisher: Edward Elgar Publishing
Published: 2008-01-01
Total Pages: 233
ISBN-13: 1848445180
DOWNLOAD EBOOKTheories and practices in central banking and monetary policy have changed radically over recent decades with independence and inflation targeting as the new keywords. This book offers interesting perspectives on the drivers of this development and its implication. It addresses contemporary questions on accountability, transparency and objectives for monetary policy as well as current policy problems related to globalization and financial imbalances. The book is topical, insightful and well written a must for everybody with an interest in central banking and monetary policy. Torben M. Andersen, University of Aarhus, Denmark The number of central banks in the world is approaching 180, a tenfold increase since the beginning of the twentieth century. What lies behind the spread of this economic institution? What underlying process has brought central banks to hold 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 central banks work, arrive at their policies, choose their instruments and gauge their success in managing economies, both in times of crisis and periods of growth. Central banks have gained greater independence from government control over the last 20 years. This widespread trend throws up new questions regarding the foundations, prerogatives and future of this economic institution. This book provides a better understanding of the current financial crisis through the in-depth study of the central bank. Researchers in the fields of monetary theory, monetary policy and central banking will find this volume of great interest. It will also appeal to students of economics, political economy, banking and finance, as well as economists, academics, and public policy advisers and analysts.
Monetary Economics in Globalised Financial Markets
Author: Ansgar Belke
Publisher: Springer Science & Business Media
Published: 2011-06-14
Total Pages: 833
ISBN-13: 3540710027
DOWNLOAD EBOOKThis book integrates the fundamentals of monetary theory, monetary policy theory and financial market theory, providing an accessible introduction to the workings and interactions of globalised financial markets. Includes examples and extensive data analyses.
Aspects of Globalisation
Author: Christopher Tsoukis
Publisher: Springer Science & Business Media
Published: 2011-06-28
Total Pages: 255
ISBN-13: 1441988815
DOWNLOAD EBOOKReflecting on the breadth of its scope, Aspects of Globalisation is intended to serve a varied audience. Being at the forefront of research, it should appeal to academics, researchers and postgraduate students interested in new approaches and ideas for future research. To this end, the editors have encouraged the contributors to pursue varied themes and raise new issues, approach their subject matter in an analytically rigorous way, and to include fairly extended review sections within their papers, so as to make them useful to a wider readership. Furthermore, diverse methodologies are followed, including the widespread use of state-of-the-art econometrics, reflecting the recent trend in economic analysis. Equally importantly, many of the papers offer clear-cut policy conclusions and should therefore be of direct relevance to policy-minded analysts and policy-makers. We thus hope that the papers included here will provoke further research and ideas as well as contribute to ongoing policy debates. Its diversity, rigour and scope should be positive attributes of the volume and should make it a useful source of information for researchers and policy-makers alike.
