Electronic Money and the Monetary Transmission Process
Title | Electronic Money and the Monetary Transmission Process PDF eBook |
Author | Frank Hespeler |
Publisher | Cuvillier Verlag |
Pages | 289 |
Release | 2008 |
Genre | |
ISBN | 3867277605 |
The Monetary Transmission Process
Title | The Monetary Transmission Process PDF eBook |
Author | D. Bundesbank |
Publisher | Springer |
Pages | 329 |
Release | 2001-01-29 |
Genre | Business & Economics |
ISBN | 0230595995 |
The start of the European monetary union gave additional impetus to the lively debate on the effects of monetary policy and the appropriate strategy for central banks. This book collects papers and comments by leading academics and central bankers such as O.Issing, M.King, B.McCallum, A.Meltzer, L.Svensson and H.Tietmeyer. The volume examines methodological questions, the actual role played by the financial sectors and labour markets in implementing monetary policy in Europe, and the likely future developments in these areas.
Monetary Economics
Title | Monetary Economics PDF eBook |
Author | Steven Durlauf |
Publisher | Springer |
Pages | 395 |
Release | 2016-04-30 |
Genre | Performing Arts |
ISBN | 0230280854 |
Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.
Monetary Transmission Process
Title | Monetary Transmission Process PDF eBook |
Author | Deutsche Bundesbank |
Publisher | |
Pages | |
Release | 2001 |
Genre | |
ISBN | 9781349415632 |
The Monetary Transmission in Dollarized and Non-Dollarized Economies
Title | The Monetary Transmission in Dollarized and Non-Dollarized Economies PDF eBook |
Author | Mr.Santiago Acosta Ormaechea |
Publisher | International Monetary Fund |
Pages | 23 |
Release | 2011-04-01 |
Genre | Business & Economics |
ISBN | 1455234095 |
The paper conducts a comparative study of the monetary policy transmission in two economies that run a well-established IT regime, Chile and New Zealand, vis-à-vis two economies operating under relatively newer IT regimes, and which are exposed to a significant degree of dollarization, Peru and Uruguay. It is shown that the traditional interest rate channel is effective in Chile and New Zealand. For Peru and Uruguay, the exchange rate channel is instead more relevant in the transmission of monetary policy. This latter result follows from the limited impact of the policy rate in curbing inflationary pressures in these two countries, in combination with the fact that they have a relatively large and persistent exchange rate pass through. Finally, it is shown that the on-going de-dollarization process of Peru and Uruguay has somewhat strengthened their monetary transmission through the interest rate channel.
Monetary Policy Transmission in Emerging Markets and Developing Economies
Title | Monetary Policy Transmission in Emerging Markets and Developing Economies PDF eBook |
Author | Mr.Luis Brandao-Marques |
Publisher | International Monetary Fund |
Pages | 54 |
Release | 2020-02-21 |
Genre | Business & Economics |
ISBN | 1513529730 |
Central banks in emerging and developing economies (EMDEs) have been modernizing their monetary policy frameworks, often moving toward inflation targeting (IT). However, questions regarding the strength of monetary policy transmission from interest rates to inflation and output have often stalled progress. We conduct a novel empirical analysis using Jordà’s (2005) approach for 40 EMDEs to shed a light on monetary transmission in these countries. We find that interest rate hikes reduce output growth and inflation, once we explicitly account for the behavior of the exchange rate. Having a modern monetary policy framework—adopting IT and independent and transparent central banks—matters more for monetary transmission than financial development.
Money and Credit in the Monetary Transmission Process
Title | Money and Credit in the Monetary Transmission Process PDF eBook |
Author | Karl Brunner |
Publisher | |
Pages | 6 |
Release | 1988 |
Genre | Credit |
ISBN |