Governance And Policy Transformations In Central Banking

Author : Ahmed, Farhan,Khan, Raza Ali
Publisher : IGI Global
Page : 334 pages
File Size : 40,5 Mb
Release : 2024-02-07
Category : Business & Economics
ISBN : 9798369308363

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Governance and Policy Transformations in Central Banking by Ahmed, Farhan,Khan, Raza Ali Pdf

In central banking, the need for effective governance and policy transformations has never been more pressing. Central banks serve as the bedrock of a nation's financial stability, and yet, they face an array of complex challenges in the modern era. The delicate balance between autonomy from government influence and the necessity of adapting to external economic forces has become increasingly elusive. As the world grapples with the aftermath of a global pandemic and persistent economic turbulence, the demand for innovative strategies to safeguard economic and financial stability has reached a crescendo. Central bankers, economists, and policy experts are left grappling with the daunting task of navigating these treacherous waters, in dire need of a compass to guide them toward a resilient future. Governance and Policy Transformations in Central Banking is a groundbreaking book that transcends traditional boundaries to offer a comprehensive solution to the complex challenges faced by central banks worldwide. This book not only diagnoses problems, it also presents a meticulously curated collection of new empirical and theoretical chapters that illuminate the path forward. It is an invaluable resource that empowers central banks with the knowledge and tools necessary for development, governance, and policy transformation.

Author : Rodney Bruce Hall
Publisher : Cambridge University Press
Page : 278 pages
File Size : 43,6 Mb
Release : 2008-12-04
Category : Business & Economics
ISBN : 9780521898614

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Central Banking as Global Governance by Rodney Bruce Hall Pdf

An original analysis of central banking as global governance, developing the social relations of money, credit, and debt.

Author : Angelo Baglioni
Publisher : Springer Nature
Page : 274 pages
File Size : 43,7 Mb
Release : 2024-06-11
Category : Electronic
ISBN : 9783031538858

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Monetary Policy Implementation by Angelo Baglioni Pdf

Author : Ravi Kumar Jain,A. K. Sohani
Publisher : SBS Publishers
Page : 226 pages
File Size : 41,7 Mb
Release : 2012-01-01
Category : Banks and banking, Central
ISBN : 8131427099

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Central Banking Governance by Ravi Kumar Jain,A. K. Sohani Pdf

CONTENTS: Central Banking Governance -- Insights; Central Bank Independence & Governance: Definitions & Modelling; Central Bank Independence & Policy Results: Theory & Evidence; Communicating a Policy Path: The Next Frontier in Central Bank Transparency?; Governance Structures & Decision -- Making Roles in Inflation Targeting Central Banks; Central Bank Governance: Maintaining Arm's Length from those in Power; Risk Based Supervision: Legal & Supervisory Implications; Central Bank Financial Strength, Transparency, & Policy Credibility; Payment System Governance; Transparency & Communication Policy in Japan; Rising New Governance Regime in Monetary Policy: A Review of ECB & Fed.

Author : Pierre L. Siklos
Publisher : Cambridge University Press
Page : 372 pages
File Size : 49,8 Mb
Release : 2002-11-21
Category : Business & Economics
ISBN : 9781139433464

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The Changing Face of Central Banking by Pierre L. Siklos Pdf

Central banks have emerged as the key players in national and international policy making. This book explores their evolution since World War II in 20 industrial countries. The study considers the mix of economic, political and institutional forces that have affected central bank behaviour and its relationship with government. The analysis reconciles vastly different views about the role of central banks in the making of economic policies. One finding is that monetary policy is an evolutionary process.

Author : Anonim
Publisher : Unknown
Page : 189 pages
File Size : 40,6 Mb
Release : 2009
Category : Banks and banking, Central
ISBN : 9291317918

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Issues in the Governance of Central Banks by Anonim Pdf

This report by the Central Bank Governance Group presents information intended to help decision-makers set up governance arrangements that are most suitable for their own circumstances. The report draws on a large body of information on the design and operation of central banks that the BIS has brought together since it initiated work on central bank governance in the early 1990s. The need to deal with chronic inflation in the 1970s and 1980s prompted the identification of price stability as a formal central bank objective and led to a significant reworking of governance arrangements. The current global financial crisis could have equally important implications for central banks, particularly with respect to their role in fostering financial stability. Although it is too early to know how central banking will change as a result, the report takes an important first step in identifying governance questions that the crisis poses.

Author : Ms. Marianne Bechara,Wouter Bossu,Ms. Yan Liu,Arthur Rossi
Publisher : International Monetary Fund
Page : 23 pages
File Size : 45,7 Mb
Release : 2021-08-24
Category : Business & Economics
ISBN : 9781513592473

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The Impact of Fintech on Central Bank Governance by Ms. Marianne Bechara,Wouter Bossu,Ms. Yan Liu,Arthur Rossi Pdf

Fintech presents unique opportunities for central banks. The rapid changes in technology that are transforming the financial system will allow central banks to enhance the execution of various of their core functions, such as currency issuance and payment systems. But some aspects of fintech pose major challenges. Central banks have always been at the cutting edge of financial technology and innovation. In the past, the invention of the banknote, the processing of payments through debits and credits in book-entry accounts, and the successive transitions of interbank payment systems from the telegraph to internet protocols were all transformative innovations. Today, central banks are facing new and unprecedented challenges: distributed ledger technology, new data analytics (artificial intelligence [AI] and machine learning), and cloud computing, along with a wider spread of mobile access and increased internet speed and bandwidth. The purpose of this note is to discuss the authors’ preliminary views on how, from a legal perspective, central banks can best deal with the impact of fintech on their governance. These preliminary views are based on a review of central banks’ reaction thus far to the challenges posed by fintech to the legal foundations of their governance.

Author : Ashraf Khan
Publisher : International Monetary Fund
Page : 51 pages
File Size : 40,9 Mb
Release : 2016-02-23
Category : Business & Economics
ISBN : 9781498376051

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Central Bank Governance and the Role of Nonfinancial Risk Management by Ashraf Khan Pdf

This paper argues that nonfinancial risk management is an essential element of good governance of central banks. It provides a funnelled analysis, on the basis of selected literature, by (i) presenting an outline of central bank governance in general; (ii) zooming in on internal governance and organization issues of central banks; (iii) highlighting the main issues with nonfinancial risk management; and (iv) ending with recommendations for future work. It shows how attention for nonfinancial risk management has been growing, and how this has amplified the call for better governance of central banks. It stresses that in the area of nonfinancial risk management there are no crucial differences between commercial and central banks: both have people, processes, procedures, and structures. It highlights policy areas to be explored.

Author : Wouter Bossu,Arthur D. P. Rossi
Publisher : International Monetary Fund
Page : 71 pages
File Size : 50,9 Mb
Release : 2019-12-27
Category : Business & Economics
ISBN : 9781513524054

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The Role of Board Oversight in Central Bank Governance: Key Legal Design Issues by Wouter Bossu,Arthur D. P. Rossi Pdf

This paper discusses key legal issues in the design of Board Oversight in central banks. Central banks are complex and sophisticated organizations that are challenging to manage. While most economic literature focuses on decision-making in the context of monetary policy formulation, this paper focuses on the Board oversight of central banks—a central feature of sound governance. This form of oversight is the decision-making responsibility through which an internal body of the central bank—the Oversight Board—ensures that the central bank is well-managed. First, the paper will contextualize the role of Board oversight into the broader legal structure for central bank governance by considering this form of oversight as one of the core decision-making responsibilities of central banks. Secondly, the paper will focus on a number of important legal design issues for Board Oversight, by contrasting the current practices of the IMF membership’s 174 central banks with staff’s advisory practice developed over the past 50 years.

Author : Sylvester C. W. Eijffinger,Donato Masciandaro
Publisher : Edward Elgar Publishing
Page : 0 pages
File Size : 52,9 Mb
Release : 2014
Category : Banks and banking, Central
ISBN : 1783472979

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Modern Monetary Policy and Central Bank Governance by Sylvester C. W. Eijffinger,Donato Masciandaro Pdf

The objective of this note is to present the evolution of both the economics and the political economy of monetary policy in the last three decades - first the Great Moderation and then the Financial Crisis - as a story of two intertwined tales: on the one side the tale of how to govern money and interest rates in the short run; on the other side the tale of how to design in a longer horizon the monetary architectures. In the tradition the two tales are told separately, where the academic scholars preferred to focus essentially on the first perspective while only the central bankers and partially the policymakers were also sensible to the engineering of the monetary settings. The big innovation in the modern monetary policy was the progressive merger of the analysis of the macroeconomic effects of the public choices in the monetary games played day by day (monetary policy) with the study of the structural features that characterized both the monetary players - governments and central bankers - as well as the rules and institutions of the monetary games that shape goals and incentives of the players (central bankers and other economic agents).

Author : Perry Warjiyo,Solikin M. Juhro
Publisher : Emerald Group Publishing
Page : 487 pages
File Size : 47,8 Mb
Release : 2019-07-25
Category : Business & Economics
ISBN : 9781789737530

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Central Bank Policy by Perry Warjiyo,Solikin M. Juhro Pdf

Central Bank Policy: Theory and Practice analyses various policies, theories and practices adopted by central banks, as well as the institutional arrangements underlying the principles of good governance in policy-making. It is the first book to comprehensively discuss the latest theories and practices of central bank policy.

Author : S. Eijffinger,Donato Masciandaro
Publisher : Edward Elgar Publishing
Page : 673 pages
File Size : 54,9 Mb
Release : 2011-01-01
Category : Business & Economics
ISBN : 9781849805766

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Handbook of Central Banking, Financial Regulation and Supervision by S. Eijffinger,Donato Masciandaro Pdf

ÔThis Handbook is a must read for policy makers and practitioners alike as well as excellent reading for advanced academic courses in international banking.Õ Ð Allard Bruinshoofd, SUERF ÔThis collection of papers is essential reading for anyone interested in central banking, regulation and supervision. Sylvester Eijffinger and Donato Masciandaro have brought together contributions from the leading academics, central bankers and regulators, providing the most up-to-date analysis of this critical subject.Õ Ð Paul Mizen, University of Nottingham, UK This stimulating and original Handbook offers an updated and systematic discussion of the relationship between central banks, financial regulation and supervision after the global financial crisis. The crisis has raised new questions about the compatibility of monetary and financial stability, which are changing the face of central banking and its relationships with the architecture of financial regulation and supervision. The Handbook explores on both the economics and political economy of the topic, in order to understand how and why reforms of the role of the central banks can be designed and implemented. The general suggestion is that future effectiveness of the central banking architecture will depend on its ability to ensure the consistency between the monetary actions in normal and extraordinary times. Consequently the possible paths in the central bank strategies and tactics, as well as in the classic concepts of independence, accountability and transparency, are analyzed and discussed. With chapters written by outstanding scholars in economics, this lucid Handbook will appeal to academics, policymakers and practitioners, ranging from central bankers and supervisory authorities to financial operators. Among the academics it would be of particular interest to financial and monetary economists (including postgraduate students), but the institutional slant and the central theme of relations between economics, institutional settings and politics will also be invaluable for political scientists.

Author : John Cochrane,John Taylor
Publisher : Hoover Press
Page : 344 pages
File Size : 50,7 Mb
Release : 2016-05-01
Category : Business & Economics
ISBN : 9780817919269

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Central Bank Governance and Oversight Reform by John Cochrane,John Taylor Pdf

A central bank needs authority and a sphere of independent action. But a central bank cannot become an unelected czar with sweeping, unaccountable discretionary power. How can we balance the central bank's authority and independence with needed accountability and constraints? Drawn from a 2015 Hoover Institution conference, this book features distinguished scholars and policy makers' discussing this and other key questions about the Fed.

Author : Board of Governors of the Federal Reserve System
Publisher : Unknown
Page : 0 pages
File Size : 55,5 Mb
Release : 2002
Category : Banks and Banking
ISBN : 0894991965

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The Federal Reserve System Purposes and Functions by Board of Governors of the Federal Reserve System Pdf

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.

Author : Juliet Johnson
Publisher : Cornell University Press
Page : 312 pages
File Size : 53,9 Mb
Release : 2016-02-11
Category : Political Science
ISBN : 9781501703744

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Priests of Prosperity by Juliet Johnson Pdf

Priests of Prosperity explores the unsung revolutionary campaign to transform postcommunist central banks from command-economy cash cows into Western-style monetary guardians. Juliet Johnson conducted more than 160 interviews in seventeen countries with central bankers, international assistance providers, policymakers, and private-sector finance professionals over the course of fifteen years. She argues that a powerful transnational central banking community concentrated in Western Europe and North America integrated postcommunist central bankers into its network, shaped their ideas about the role of central banks, and helped them develop modern tools of central banking. Johnson’s detailed comparative studies of central bank development in Hungary, the Czech Republic, Slovakia, Russia, and Kyrgyzstan take readers from the birth of the campaign in the late 1980s to the challenges faced by central bankers after the global financial crisis. As the comfortable certainties of the past collapse around them, today’s central bankers in the postcommunist world and beyond find themselves torn between allegiance to their transnational community and its principles on the one hand and their increasingly complex and politicized national roles on the other. Priests of Prosperity will appeal to a diverse audience of scholars in political science, finance, economics, geography, and sociology as well as to central bankers and other policymakers interested in the future of international finance, global governance, and economic development.