Central Bank Cooperation at the Bank for International Settlements, 1930-1973
Title | Central Bank Cooperation at the Bank for International Settlements, 1930-1973 PDF eBook |
Author | Gianni Toniolo |
Publisher | Cambridge University Press |
Pages | 780 |
Release | 2005-05-16 |
Genre | Business & Economics |
ISBN | 9780521845519 |
Covers the history of the Bank for International Settlements (BIS), from its founding in Basel in 1930 to the end of the Bretton Woods system in 1973, with a focus on cooperation among the main central banks for the stability and efficiency of the international monetary system.
Promoting Global Monetary and Financial Stability
Title | Promoting Global Monetary and Financial Stability PDF eBook |
Author | Claudio Borio |
Publisher | Cambridge University Press |
Pages | 287 |
Release | 2020-04-30 |
Genre | Business & Economics |
ISBN | 1108495982 |
A multi-faceted look at what global central bank cooperation has - and has not - achieved over the past half century.
Implementation of Basel Accords in Bangladesh
Title | Implementation of Basel Accords in Bangladesh PDF eBook |
Author | A K M Kamrul Hasan |
Publisher | Springer Nature |
Pages | 223 |
Release | 2021-07-29 |
Genre | Business & Economics |
ISBN | 9811634726 |
This book analyzes the impact of Basel Accord in Bangladesh. More specifically, it focuses on the credit risk homogenization under standardized approach of Basel Accord where External Credit Rating Agencies (ECAIs) are allowed to rate the exposures, the potential risk of allowing sub-ordinated debt (Sub-debt) as Tier 2 capital, and multiple bank distress cases as a real-world scenarios. In doing so, the book explores why the ECAIs rating fail to capture the real credit risk of exposure and to what extent sub-debt is reliable as regulatory capital. With that, the book's scope is categorized into three tracts (i) analyzes the ECAIs incentive and sanction issues from institutional economics perspective (ii) discusses the ill-impact of Naïve adoption of sub-ordinated debt as regulatory capital and its associated risk on financial system, and (iii) providing readers an empirical illustrations of bank distress when an economy tapped into institutional failures in the above-mentioned tracts (i) and (ii).
Central Banking in the Twentieth Century
Title | Central Banking in the Twentieth Century PDF eBook |
Author | John Singleton |
Publisher | Cambridge University Press |
Pages | 351 |
Release | 2010-11-25 |
Genre | Business & Economics |
ISBN | 1139495208 |
Central banks are powerful but poorly understood organisations. In 1900 the Bank of Japan was the only central bank to exist outside Europe but over the past century central banking has proliferated. John Singleton here explains how central banks and the profession of central banking have evolved and spread across the globe during this period. He shows that the central banking world has experienced two revolutions in thinking and practice, the first after the depression of the early 1930s, and the second in response to the high inflation of the 1970s and 1980s. In addition, the central banking profession has changed radically. In 1900 the professional central banker was a specialised type of banker, whereas today he or she must also be a sophisticated economist and a public official. Understanding these changes is essential to explaining the role of central banks during the recent global financial crisis.
Monetary Stability as a Common Concern in International Law
Title | Monetary Stability as a Common Concern in International Law PDF eBook |
Author | Lucía Satragno |
Publisher | BRILL |
Pages | 225 |
Release | 2022-02-28 |
Genre | Law |
ISBN | 9004508732 |
The open access publication of this book has been published with the support of the Swiss National Science Foundation. In Monetary Stability as a Common Concern in International Law, Lucía Satragno argues that monetary stability is a global public good that must be promoted and protected at all levels of governance. In doing so, the book accomplishes two tasks. On one hand, it provides an up to date analysis of the role of law and institutions in the international monetary field since the collapse of the Bretton Woods system. On the other hand, it applies the methodological approach proposed by the novel doctrine of Common Concern of Humankind to monetary stability as a case study. Accordingly, the book examines not only the status quo of the international monetary system, but also looks at the ‘new and different realism’ that would be envisaged in monetary affairs in the case of a fully-fledged principle of Common Concern.
Liquidity Ratios as Monetary Policy Tools: Some Historical Lessons for Macroprudential Policy
Title | Liquidity Ratios as Monetary Policy Tools: Some Historical Lessons for Macroprudential Policy PDF eBook |
Author | Eric Monnet |
Publisher | International Monetary Fund |
Pages | 48 |
Release | 2019-08-16 |
Genre | Business & Economics |
ISBN | 1498320473 |
This paper explores what history can tell us about the interactions between macroprudential and monetary policy. Based on numerous historical documents, we show that liquidity ratios similar to the Liquidity Coverage Ratio (LCR) were commonly used as monetary policy tools by central banks between the 1930s and 1980s. We build a model that rationalizes the mechanisms described by contemporary central bankers, in which an increase in the liquidity ratio has contractionary effects, because it reduces the quantity of assets banks can pledge as collateral. This effect, akin to quantity rationing, is more pronounced when excess reserves are scarce.
The European Central Bank
Title | The European Central Bank PDF eBook |
Author | Hanspeter K. Scheller |
Publisher | |
Pages | 229 |
Release | 2006 |
Genre | Banks and banking, Central |
ISBN | 9789289900270 |
Comprehensive 200-page overview of the ECB from its inception in June 1998 until the present day.