Central Banking, Monetary Policies, and the Implications for Transition Economies
Title | Central Banking, Monetary Policies, and the Implications for Transition Economies PDF eBook |
Author | Mario I. Blejer |
Publisher | Springer Science & Business Media |
Pages | 458 |
Release | 2012-12-06 |
Genre | Business & Economics |
ISBN | 1461551935 |
the adaptation of the institutional settings of monetary policy to deal with an emerging market economy had to be carried out in the midst of an unprecedented stabilization effort and, therefore, was particularly urgent and complicated. In many of the transition countries, the transformation effort implied not just changes in procedures but the establishment of a central bank from scratch, a process that involved an important effort, precisely at a time when the whole system was in serious turmoil. While the process of reforms is not yet completed in all the transition countries, an immense amount of progress has been achieved, and many of the transition countries face today monetary and central banking conditions that are close to those of Western economies. In this volume, we collect a number of important contributions that discuss the most burning aspects of the current debates on central banking and monetary policy and draw implications for the postsocialist transition economies. The various papers included in the volume deal with a broad set of related issues, which are highly relevant not just for transition economies but for other emerging markets and for advanced economies as well. The subjects covered in the book are divided into seven major categories (Sections II to VIII), some of which overlap.
Central Banking, Monetary Policies, and the Implications for Transition Economies
Title | Central Banking, Monetary Policies, and the Implications for Transition Economies PDF eBook |
Author | Mario I. Blejer |
Publisher | Springer |
Pages | 465 |
Release | 2011-09-26 |
Genre | Business & Economics |
ISBN | 9781461551942 |
the adaptation of the institutional settings of monetary policy to deal with an emerging market economy had to be carried out in the midst of an unprecedented stabilization effort and, therefore, was particularly urgent and complicated. In many of the transition countries, the transformation effort implied not just changes in procedures but the establishment of a central bank from scratch, a process that involved an important effort, precisely at a time when the whole system was in serious turmoil. While the process of reforms is not yet completed in all the transition countries, an immense amount of progress has been achieved, and many of the transition countries face today monetary and central banking conditions that are close to those of Western economies. In this volume, we collect a number of important contributions that discuss the most burning aspects of the current debates on central banking and monetary policy and draw implications for the postsocialist transition economies. The various papers included in the volume deal with a broad set of related issues, which are highly relevant not just for transition economies but for other emerging markets and for advanced economies as well. The subjects covered in the book are divided into seven major categories (Sections II to VIII), some of which overlap.
Central Banking in Transition Countries
Title | Central Banking in Transition Countries PDF eBook |
Author | Mr.Helmut Wagner |
Publisher | International Monetary Fund |
Pages | 50 |
Release | 1998-08-01 |
Genre | Business & Economics |
ISBN | 1451936680 |
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.
Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries
Title | Evolving Monetary Policy Frameworks in Low-Income and Other Developing Countries PDF eBook |
Author | International Monetary Fund |
Publisher | International Monetary Fund |
Pages | 74 |
Release | 2015-10-23 |
Genre | Business & Economics |
ISBN | 1498344062 |
Over the past two decades, many low- and lower-middle income countries (LLMICs) have improved control over fiscal policy, liberalized and deepened financial markets, and stabilized inflation at moderate levels. Monetary policy frameworks that have helped achieve these ends are being challenged by continued financial development and increased exposure to global capital markets. Many policymakers aspire to move beyond the basics of stability to implement monetary policy frameworks that better anchor inflation and promote macroeconomic stability and growth. Many of these LLMICs are thus considering and implementing improvements to their monetary policy frameworks. The recent successes of some LLMICs and the experiences of emerging and advanced economies, both early in their policy modernization process and following the global financial crisis, are valuable in identifying desirable features of such frameworks. This paper draws on those lessons to provide guidance on key elements of effective monetary policy frameworks for LLMICs.
Monetary Policy in Central and Eastern Europe
Title | Monetary Policy in Central and Eastern Europe PDF eBook |
Author | Mr.David K. H. Begg |
Publisher | International Monetary Fund |
Pages | 92 |
Release | 1996-09-01 |
Genre | Business & Economics |
ISBN | 145185305X |
The paper uses data from transition economies in Central and Eastern Europe to assess four questions: (i) Did the standard blueprint for stabilization work, and was it implemented? (ii) To what extent was normal macroeconomics impeded by solvency problems in banks, and how successful have been policies to improve incentives within banks? (iii) Could financial markets and other infrastructure for monetary policy have been developed more quickly? (iv) How should transition economies respond to the monetary inflows that typically accompany success? The paper concludes by evaluating the changing advice offered by external agencies during the 1990s.
Central Banking, Monetary Policy and the Environment
Title | Central Banking, Monetary Policy and the Environment PDF eBook |
Author | Rochon, Louis-Philippe |
Publisher | Edward Elgar Publishing |
Pages | 287 |
Release | 2022-08-16 |
Genre | Business & Economics |
ISBN | 1800371950 |
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 the environment as central banks wake up to new realities.
Central Banking in Developing Countries
Title | Central Banking in Developing Countries PDF eBook |
Author | A. Chandavarkar |
Publisher | Springer |
Pages | 304 |
Release | 1996-10-31 |
Genre | Business & Economics |
ISBN | 0230371507 |
This is a comprehensive state-of-the-art survey which analyzes institutions, policies and issues of central banking in developing countries including interest-free Islamic and transition economies. It discusses objectives and functions; monetary, exchange, supervisory and developmental roles; financial liberalization; informal finance; causes and implications of central bank losses. It critically evaluates currency boards, central bank independence, ceilings on government credit and suggests radical organizational reforms, divestiture of quasi-fiscal activities and partial privatization of central banks.