Monetary Policies And Independence Of The Central Banks In E7 Countries

Author : Dinçer, Hasan,Yüksel, Serhat
Publisher : IGI Global
Page : 286 pages
File Size : 45,8 Mb
Release : 2019-11-22
Category : Business & Economics
ISBN : 9781799816454

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Monetary Policies and Independence of the Central Banks in E7 Countries by Dinçer, Hasan,Yüksel, Serhat Pdf

Central banking independence is a crucial factor for sustainable economic development of multiple countries. The multiple components for such systems, however, makes it difficult to evaluate how the success of such a system may be determined. Monetary Policies and Independence of the Central Banks in E7 Countries is an essential reference source that evaluates the effectiveness of monetary policies and the independence of central banks to contribute to economic development within seven emerging economies (E7): Brazil, China, India, Indonesia, Mexico, Russia, and Turkey. Featuring research on topics such as global economics, independent banking, and foreign investing, this book is ideally designed for financial analysts, economists, government officials, policymakers, researchers, academicians, industry professionals, and students seeking coverage on improved econometric methods for effective financial systems.

Author : Francesco Lippi
Publisher : Edward Elgar Publishing
Page : 180 pages
File Size : 54,6 Mb
Release : 1999-01-27
Category : Business & Economics
ISBN : 1782542973

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Central Bank Independence, Targets, and Credibility by Francesco Lippi Pdf

This book integrates new political and economic elements into the analysis of monetary policy credibility and central bank independence. The author considers imperfect monetary control, rational voters, distributional issues and uncertainty about future policy objectives in his welfare analysis of central banking. The role played by the different institutional elements that contribute to the making of an independent central bank is also assessed. A distinction is made between central bank independence and targets offering new insights into how a more inflation averse monetary policy may actually be achieved. Finally, explanations for the variation of central bank independence and conservatism across different countries are provided. This book will appeal to researchers, academics and policy makers in the fields of monetary policy, financial economics, money and banking and political economy.

Author : Vallet, Guillaume,Kappes, Sylvio,Rochon, Louis-Philippe
Publisher : Edward Elgar Publishing
Page : 243 pages
File Size : 43,6 Mb
Release : 2022-08-18
Category : Business & Economics
ISBN : 9781800372238

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Central Banking, Monetary Policy and Social Responsibility by Vallet, Guillaume,Kappes, Sylvio,Rochon, Louis-Philippe Pdf

Part of The Elgar Series on Central Banking and Monetary Policy, this book explores the relationship between central banking, monetary policy and the economy at large. It focuses on the specific relationship between central banking, monetary policy and social responsibility as central banks wake up to new realities

Author : de Haan, Jakob
Publisher : Edward Elgar Publishing
Page : 125 pages
File Size : 52,8 Mb
Release : 2022-08-12
Category : Business & Economics
ISBN : 9781839104879

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Advanced Introduction to Central Banks and Monetary Policy by de Haan, Jakob Pdf

Written by two expert economists, this comprehensive Advanced Introduction provides a thorough and up-to-date analysis of central banks and monetary policy, analysing the ways in which views about monetary policy have developed and changed.

Author : Jean-Philippe Touffut
Publisher : Edward Elgar Publishing
Page : 233 pages
File Size : 48,8 Mb
Release : 2008-01-01
Category : Business & Economics
ISBN : 9781848445185

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Central Banks as Economic Institutions by Jean-Philippe Touffut Pdf

Theories 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.

Author : Akhand Akhtar Hossain
Publisher : Edward Elgar Publishing
Page : 371 pages
File Size : 46,5 Mb
Release : 2009-01-01
Category : Business & Economics
ISBN : 9781849802093

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Central Banking and Monetary Policy in the Asia-Pacific by Akhand Akhtar Hossain Pdf

The strength of this book is that it summarises a vast amount of the modern literature in monetary economics. . . the book provides detailed and clear descriptions of monetary models. . . This comprehensive volume is a useful compendium of the monetary economics literature of the second half of the 20th century, which has to a certain extent been over taken by events. Paul Wachtel, Asian-Pacific Economic Literature This well-researched and finely crafted book is a valuable addition to the literature on monetary policy in developing countries. It explains the concepts and tools of monetary policy in a simple manner and discusses how monetary policy works in developing Asia in a historical context within the framework of an outward-oriented development strategy. I am not aware of any other book that covers the organisational and institutional aspects of major central banks in developing Asia. Prema-chandra Athukorala, Australian National University This book elaborates the key concepts, principles and models of inflation and monetary policy and explains how they remain relevant and useful to the design and conduct of monetary policy in developing Asia. In this rapidly growing region, price stability remains important and therefore monetary policy has gained increasing importance. Even while emphasising the importance of the classical approach, the book discusses alternative frameworks and points out areas where a consensus is emerging. The review of the literature is extensive and careful. Along with developing this theme, the book reviews the structure and governance of most central banks in the Asia-Pacific and discusses how they conduct monetary policy to achieve price stability under different monetary policy frameworks. The book fills a gap in the central banking and monetary policy literature and has no close competitors. It should be useful to both students and policymakers in developing Asia. Salim Rashid, University of Illinois, US The 1997 East Asia crisis exposed many economic policy weaknesses in the Asia-Pacific region. In his latest book, Dr Hossain provides students with a refreshing up-to-date reference text on the concepts and principles of money, banking and finance in developing countries which differ in many ways to monetary institutions and practices in developed countries, which conventional monetary textbooks focus on. I thoroughly recommend it. A.P. Thirlwall, University of Kent, UK This timely book reviews the modern literature on inflation and monetary policy, and highlights contemporary issues in the design and conduct of monetary policy for price stability in developing Asia. Akhand Akhtar Hossain surveys the evolution of central banking and provides an introduction to the structure, function and governance of central banks in selected countries in the Asia-Pacific. The author also examines the major theories, models and approaches to inflation and monetary policy, and evaluates monetary policy regimes in selected countries in the Asia-Pacific in a historical context. This eloquent and comprehensible book will prove to be invaluable to undergraduate students on monetary theory and policy as well as banking and financial courses. Researchers exploring monetary policy concepts, principles and case studies will warmly welcome this book, as will policy-makers who have an interest in macroeconomics, monetary and financial policies.

Author : Alex Cukierman,Steven Benjamin Webb,Bilin Neyapti
Publisher : Unknown
Page : 76 pages
File Size : 55,8 Mb
Release : 1994
Category : Business & Economics
ISBN : IND:30000042833453

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Measuring Central Bank Independence and Its Effect on Policy Outcomes by Alex Cukierman,Steven Benjamin Webb,Bilin Neyapti Pdf

Author : Ranajoy Ray Chaudhuri
Publisher : Springer
Page : 400 pages
File Size : 54,8 Mb
Release : 2018-10-29
Category : Business & Economics
ISBN : 9781137589125

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Central Bank Independence, Regulations, and Monetary Policy by Ranajoy Ray Chaudhuri Pdf

This book examines the linkage between central bank structure, central bank autonomy—with respect to setting its monetary policy goals, choosing its policy mechanisms, legal independence, and financial independence—and monetary policy, both in select benchmark countries and at a broader theoretical level. Country-specific chapters on the US, UK, Germany, Greece, Russia, India, China, Japan, Brazil, and South Africa focus on the history, administrative structure, and independence of the central monetary authority in these countries. The chapters go on to explore the countries’ conduct of monetary policy, their interplay with political forces and the wider economy, their currency, and their macroeconomic outcomes. The book will appeal to researchers, students of economics, finance and business, as well as general readers with an interest in the subject.

Author : N. Tshiani
Publisher : Springer
Page : 151 pages
File Size : 46,5 Mb
Release : 2008-08-14
Category : Business & Economics
ISBN : 9780230594258

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Building Credible Central Banks by N. Tshiani Pdf

A credible central bank can effectively lead the process of financial sector reform in a developing country. This book discusses central banking issues and offers a clear path to building credible central banks in emerging economies.

Author : Mr.Helmut Wagner
Publisher : International Monetary Fund
Page : 50 pages
File Size : 49,5 Mb
Release : 1998-08-01
Category : Business & Economics
ISBN : 9781451936681

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Central Banking in Transition Countries by Mr.Helmut Wagner Pdf

In the 1990s, the issues of central banking and central bank independence have gained increasing attention, in part owing to the role of the future European central bank, but also owing to the emergence of transition countries and the role of central banks in these countries. The main focus of the paper is on the preconditions of disinflation and successful stability policy in transition countries, paying special attention to the institutional requirements and to the choice of nominal anchors.

Author : Maxwell J. Fry
Publisher : Unknown
Page : 189 pages
File Size : 50,8 Mb
Release : 1996
Category : Business & Economics
ISBN : 0415145341

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Central Banking in Developing Countries by Maxwell J. Fry Pdf

This book examines the current state of central banking in 44 developing countries. The authors analyse the banks' achievement in their primary objective of price stability and discuss the reasons behind the general lack of success. The book covers: * government financing * foreign exchange systems * domestic banking systems. Rich in data, the book contains original financial information from Africa, Asia, the Middle East, Europe, Latin America and the Caribbean. The lay-out is user-friendly and generously illustrated with tables, figures, boxed material and useful appendices. The book is published in association with the Bank of England and presents the definitive account of the role of central banks in developing countries.

Author : Sylvester C. W. Eijffinger,Jakob de Haan
Publisher : International Finance Section Department of Econ Ton Univers
Page : 100 pages
File Size : 41,5 Mb
Release : 1996
Category : Business & Economics
ISBN : STANFORD:36105021434209

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The Political Economy of Central-bank Independence by Sylvester C. W. Eijffinger,Jakob de Haan Pdf

Author : Philip Arestis,Malcolm C. Sawyer
Publisher : Edward Elgar Publishing
Page : 264 pages
File Size : 49,6 Mb
Release : 1998
Category : Business & Economics
ISBN : STANFORD:36105023217115

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The Political Economy of Central Banking by Philip Arestis,Malcolm C. Sawyer Pdf

Thirteen contributions examine the control which central banks have over financial markets, focusing on the implications of the current trend towards the granting of "independence" to central banks and challenging economic conservatives' arguments for increased central bank independence. Other topics include the meaning of, and possibilities for, monetary policy in an endogenous money framework; central banking in G7 and other countries; the instabilities of the Exchange Rate Mechanism in recent years; and cautionary words concerning the proposed European Central Bank. Annotation copyrighted by Book News, Inc., Portland, OR

Author : Sue Milton,Peter Sinclair
Publisher : Routledge
Page : 225 pages
File Size : 54,7 Mb
Release : 2010-10-12
Category : Business & Economics
ISBN : 9781136895906

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The Capital Needs of Central Banks by Sue Milton,Peter Sinclair Pdf

Central banks have evolved over many years, and sometimes centuries, as policy-making, not profit-making, institutions, and yet they are structured legally and financially like ‘for-profit’ companies of the twenty-first century. The question is what is an appropriate level of equity, or capital, for a central bank to have so that it can function for policy effectiveness over profit-maximisation, without hindrance to the achievement and maintenance of policy goals? This collection takes the reader through historical, theoretical and factual discussions on why central banks exist and the role – actual and intended – they have in assisting their home nation in achieving monetary and financial stability. The contributions analyse the different ways central banks are funded and how funding arrangements may impact on their independence. The objective is to explore these themes first from the academic and practitioner’s views – those of the economist, accountant and lawyer’s – and then to introduce practical experiences from a range of different central banks, in terms of their economic and socio-political environments. It will be the first time that the theorist and practitioner, the accountant, the economist and the lawyer come together in one volume. The reader will be able to access the full breadth of views on this important subject. The main observations are that there is no single, quantifiable formula that central banks can use to calculate capital levels. Factors to consider are the historical context of central banks and whether capital was ever appropriate to needs at their foundation; the cultural, social and political contexts; and, in terms of the presentation of financial statements, profit and loss sharing arrangements and what accounting conventions are being used. If these are considered alongside the, often idiosyncratic, mandates individual central banks have, a qualitative understanding of what is an appropriate level of capital is achieved. This collection will be of interest to postgraduates and researchers focusing on the role of central banks in monetary economics; as well as a professional audience of central bankers, the BIS, the IMF, World Bank, EBRD and government departments.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 59 pages
File Size : 43,7 Mb
Release : 1991-06-01
Category : Business & Economics
ISBN : 9781451966428

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Central Bank Independence by International Monetary Fund Pdf

There has been growing interest recently in the scope for promoting monetary stability through the establishment of independent central banks. This paper reviews the issues involved in central bank independence against the background of arrangements in nine countries. The analysis suggests that detailed institutional arrangements would need to be carefully designed if the potential benefits of central bank independence are to be delivered. Particularly important are the nature of arrangements to resolve various types of conflicts involving monetary policy, and arrangements to promote accountability and public monitoring of monetary policy performance.