Monetary Stability And Economic Growth

Author : Robert A. Mundell,Paul J. Zak
Publisher : Edward Elgar Publishing
Page : 190 pages
File Size : 40,5 Mb
Release : 2002-01-01
Category : Business & Economics
ISBN : 9781843767343

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Monetary Stability and Economic Growth by Robert A. Mundell,Paul J. Zak Pdf

Under the direction of Nobel laureate Robert A. Mundell and Paul J. Zak, eminent contributors to Monetary Stability and Economic Growth offer a unique insight into the way that economists analyse the causes of money (mis) management in the US, Latin America, Europe and Japan, and prescribe stabilising reforms. Their lively discussion provides answers to various questions including: How does monetary stability affect economic growth? How can nations best achieve monetary stability? When is monetary union desirable? Which anchors for monetary stability are likely to be most effective? How will the euro affect financial markets and the international monetary system? Is international monetary reform possible, and how can it be achieved? The mechanisms that link monetary policy including foreign exchange regimes and the international monetary system to economic performance are examined, and the ways in which countries can stimulate economic growth are explored. This superb narrative volume, brought alive by the debate between leading economists, is contextualised by the editors excellent introduction. It will be of immense interest to students, researchers and teachers of macroeconomics and financial economics as well as professional economists.

Author : Douglas W. Arner
Publisher : Cambridge University Press
Page : 331 pages
File Size : 43,7 Mb
Release : 2007-06-04
Category : Law
ISBN : 9781139464543

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Financial Stability, Economic Growth, and the Role of Law by Douglas W. Arner Pdf

Financial crises have become an all too common occurrence over the past twenty years, largely as a result of changes in finance brought about by increasing internationalization and integration. As domestic financial systems and economies have become more interlinked, weaknesses can significantly impact not only individual economies but also markets, financial intermediaries, and economies around the world. This volume addresses the twin objectives of financial development in the context of financial stability and the role of law in supporting both. Financial stability (frequently seen as the avoidance of financial crisis) has become an objective of both the international financial architecture and individual economies and central banks. At the same time, financial development is now seen to play an important role in economic growth. In both financial stability and financial development, law and related institutions have a central role.

Author : John B. Taylor
Publisher : London Publishing Partnership
Page : 113 pages
File Size : 42,8 Mb
Release : 2016-02-11
Category : Business & Economics
ISBN : 9780255367202

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Policy Stability and Economic Growth – Lessons from the Great Recession by John B. Taylor Pdf

John Taylor is one of the foremost economists of our generation. His ideas were implemented in central banks across the world during the period of price stability, economic growth and financial stability that followed the 1980s. Of course, this period culminated in the financial crisis of 2008, which was followed by a very slow recovery, which, eight years on, can hardly be said to be complete. This short book presents Taylor’s view of the financial crisis and its aftermath as expressed in the 2014 F. A. Hayek Memorial Lecture. He believes that the rules-based monetary policy that he espoused broke down in the run-up to the crisis and afterwards. Furthermore, other aspects of policy became erratic and discretionary to the point that the rule of law could be said to be under threat. According to the author, these problems contributed to the crisis and to the slow recovery – indeed, they were a major cause. Two commentaries follow John Taylor’s lecture. One is by Patrick Minford and the other is by the Bank of England’s Chief Economist Andrew Haldane and Amar Radia. Both recognise Taylor’s immense contribution to economic theory and policy. The commentaries are themselves an important contribution and they are followed by a response from John Taylor which addresses the issues raised by the commentators.

Author : Ms. Ratna Sahay,Martin Cihak,Mr. Papa N'Diaye,Mr. Adolfo Barajas,Ms. Diana Ayala Pena,Ran Bi,Yuan Gao,Annette Kyobe,Lam Nguyen,Christian Saborowski,Katsiaryna Svirydzenka,Mr. Reza Yousefi
Publisher : International Monetary Fund
Page : 41 pages
File Size : 50,5 Mb
Release : 2015-05-04
Category : Business & Economics
ISBN : 9781475570199

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Rethinking Financial Deepening by Ms. Ratna Sahay,Martin Cihak,Mr. Papa N'Diaye,Mr. Adolfo Barajas,Ms. Diana Ayala Pena,Ran Bi,Yuan Gao,Annette Kyobe,Lam Nguyen,Christian Saborowski,Katsiaryna Svirydzenka,Mr. Reza Yousefi Pdf

The global financial crisis experience shone a spotlight on the dangers of financial systems that have grown too big too fast. This note reexamines financial deepening, focusing on what emerging markets can learn from the advanced economy experience. It finds that gains for growth and stability from financial deepening remain large for most emerging markets, but there are limits on size and speed. When financial deepening outpaces the strength of the supervisory framework, it leads to excessive risk taking and instability. Encouragingly, the set of regulatory reforms that promote financial depth is essentially the same as those that contribute to greater stability. Better regulation—not necessarily more regulation—thus leads to greater possibilities both for development and stability.

Author : Maurice Frère,Rodrigo Gómez
Publisher : Unknown
Page : 43 pages
File Size : 47,6 Mb
Release : 1964
Category : Currency question
ISBN : OCLC:154170829

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Economic Growth and Monetary Stability by Maurice Frère,Rodrigo Gómez Pdf

Author : Milton Friedman
Publisher : Unknown
Page : 136 pages
File Size : 40,6 Mb
Release : 1960
Category : Business & Economics
ISBN : STANFORD:36105041796231

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A Program for Monetary Stability by Milton Friedman Pdf

The background of monetary policy; The tools of the FRS; Debt management and banking reform; The goals and criteria of monetary policy.

Author : John B. Taylor
Publisher : Unknown
Page : 85 pages
File Size : 48,8 Mb
Release : 2016
Category : Economic policy
ISBN : 025536721X

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Policy Stability and Economic Growth by John B. Taylor Pdf

Author : Yasuyuki Fuchita,Richard Herring,Robert E. Litan
Publisher : Brookings Institution Press
Page : 233 pages
File Size : 40,8 Mb
Release : 2012
Category : Business & Economics
ISBN : 9780815722502

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Rocky Times by Yasuyuki Fuchita,Richard Herring,Robert E. Litan Pdf

"A Brookings Institution Press and Nomura Institute of Capital Markets Research publication It has been four years since the financial crisis of 2008, and the global financial system still is experiencing malaise caused by high rates of unemployment; a lingering, unresolved supply of foreclosed properties; the deepening European debt crisis; and fear of a recurrence of the bank turmoil that brought about the Great Recession. All of these factors have led to stagnant economic growth worldwide. In Rocky Times, editors Yasuyuki Fuchita, Richard J. Herring, and Robert E. Litan bring together experts from academia and the banking sector to analyze the difficult issues surrounding troubled large financial institutions in an environment of economic uncertainty and growing public anger. Continuing the format of the previous Brookings-Nomura collaborations, Rocky Times focuses largely on developments within the United States and Japan but looks at those in other nations as well. This volume examines two broad areas: the Japanese approach to regulating financial institutions and promoting financial stability and the U.S. approach in light of the Dodd-Frank Act. Specific chapters include ""Managing Systemwide Financial Crises: Some Lessons from Japan since 1990,"" ""The Bankruptcy of Bankruptcy,"" ""The Case for Regulating the Shadow Banking System,"" ""Why and How to Design a Contingent Convertible Debt Requirement,"" and ""Governance Issues for Macroprudential Policy in Advanced Economies."" Contributors: Gavin Bingham (Systemic Policy Partnership, London), Charles W. Calomiris (Columbia Business School), Douglas J. Elliott (Brookings Institution), Kei Kodachi (Nomura Institute of Capital Markets Research), Morgan Ricks (Vanderbilt Law School)."

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 41,6 Mb
Release : 2024-07-01
Category : Electronic
ISBN : 9789814470889

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Macroeconomic Policies for Stable Growth by Anonim Pdf

Author : Hasan Dincer,Ümit Hacioglu,Serhat Yüksel
Publisher : Springer
Page : 483 pages
File Size : 55,8 Mb
Release : 2018-06-12
Category : Business & Economics
ISBN : 9783319784946

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Global Approaches in Financial Economics, Banking, and Finance by Hasan Dincer,Ümit Hacioglu,Serhat Yüksel Pdf

This volume discusses the impact of Financial Economics, Growth Dynamics, and the Finance & Banking sector in the economies of countries. The contributors analyse and discuss the effects of the recent financial crises on the economic growth and performance in various countries. The volume covers aspects like foreign borrowing, impact on productivity and debt crises that are strongly affected by the financial volatility of recent years and includes examples from Europe and Asia. In addition, the authors give particular attention to the private sector of Finance and Banking, which is deeply interwoven with the financial performance of a country’s economy. Examples such as bank profitability and troubled loans are covered and the volume also discusses the economic impact of banks such as the Ottoman Bank in a national economy. The book also explores the importance of financial stability, intellectual capital and bank performance for a stable economic environment.

Author : Philip Linsley,Philip Shrives,Monika Wieczorek-Kosmala
Publisher : Springer
Page : 313 pages
File Size : 51,5 Mb
Release : 2019-04-16
Category : Business & Economics
ISBN : 9783030160456

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Multiple Perspectives in Risk and Risk Management by Philip Linsley,Philip Shrives,Monika Wieczorek-Kosmala Pdf

This proceedings book presents a multidisciplinary perspective on risk and risk management. Featuring selected papers presented at the European Risk Research Network (ERRN) 8th European Risk Conference “Multiple Perspectives in Risk and Risk Management” held in Katowice, Poland, it explores topics such as risk management systems, risk behaviors, risk culture, big data and risk reporting and regulation. The contributors adopt a wide variety of theoretical approaches and either qualitative or quantitative methodologies. Contemporary companies operate in a highly dynamic environment, accompanied by the constant development of the information technology, making decision-making processes highly complex and increasing the risk related to company performance. The European Risk Research Network (ERRN) was established in 2006 with the aim of stimulating cross-disciplinary research in the area of risk management. The network includes academics and industry experts from the fields of accounting, auditing, financial economics and mathematical finance. To keep the network lively and fruitful, regular “European Risk Conferences” are organized to present papers from a broad spectrum of risk and risk management areas. Featuring contributions for Italy, South Africa, Germany and Poland, this proceedings book is a valuable reference resource for students, academics, and practitioners in risk and risk management

Author : Claude Gnos,Louis-Philippe Rochon
Publisher : Edward Elgar Publishing
Page : 312 pages
File Size : 41,9 Mb
Release : 2009
Category : Business & Economics
ISBN : IND:30000126762586

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Monetary Policy and Financial Stability by Claude Gnos,Louis-Philippe Rochon Pdf

Pushes the boundaries of post-Keynesian thinking, addressing issues dealing with wage determination, income distribution and central bank governance.

Author : Mohamed Belkhir,Mr.Sami Ben Naceur,Bertrand Candelon,Jean-Charles Wijnandts
Publisher : International Monetary Fund
Page : 54 pages
File Size : 44,5 Mb
Release : 2020-05-22
Category : Business & Economics
ISBN : 9781513536989

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Macroprudential Policies, Economic Growth, and Banking Crises by Mohamed Belkhir,Mr.Sami Ben Naceur,Bertrand Candelon,Jean-Charles Wijnandts Pdf

Using a sample that covers more than 100 countries over the 2000-2017 period, we assess the impact of macroprudential policies on financial stability. In particular, we examine whether the activation of macroprudential policies is conducive to a lower incidence of systemic banking crises. Our empirical setup is designed to account for the potential direct and indirect effects that macroprudential policies can have on banking crises. We find that while macro-prudential policies exert a direct stabilizing effect, they also have an indirect destabilizing effect, which works through the depressing of economic growth. A Generalized Impulse Response Function analysis of a dynamic system composed of the probability of a banking crisis and economic growth reveals, however, that macroprudential policies have a positive net effect on financial stability (lower likelihood of systemic banking crises).

Author : Luiz Carlos Bresser-Pereira,Jan Kregel,Leonardo Burlamaqui
Publisher : Routledge
Page : 414 pages
File Size : 43,8 Mb
Release : 2014-02-05
Category : Business & Economics
ISBN : 9781317932772

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Financial Stability and Growth by Luiz Carlos Bresser-Pereira,Jan Kregel,Leonardo Burlamaqui Pdf

The 2008 global financial crisis took the world by surprise, not least because politicians, businessmen and economists believed that they had learned crucial lessons from the Great Depression of the 1930s. As a direct result of deregulated financial markets, financial crises occurred in both developed and developing economies. However, this volume argues that in the most recent crisis developing countries suffered less, and that financial policy and regulation played a crucial part in this. The contributors to this volume explore the alternative development paradigm that has been gaining credence since the Asian crisis, known as new developmentalism. New developmentalism is embodied in the following principles: exchange rate responsibility or growth with domestic savings, fiscal responsibility, and the assignment of a strategic role for the state. New developmentalism is a set of values, ideas, institutions and economic policies through which, in the early 21st century, developing countries have sought to catch up with developed countries. This book examines the global financial crisis, the financial regulatory problem, with particular emphasis on Brazil, and the alternative policies that derive from new developmentalism. This volume will be of interest to scholars and policymakers working in the areas of globalization, financial regulation and development studies.

Author : Board of Governors of the Federal Reserve System
Publisher : Unknown
Page : 0 pages
File Size : 40,8 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.