Benign Neglect Of The Long Term Interest Rate

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Benign Neglect of the Long-term Interest Rate

Author : Philip Turner
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Benign Neglect of the Long-term Interest Rate by : Philip Turner

Download or read book Benign Neglect of the Long-term Interest Rate written by Philip Turner and published by . This book was released on 2013 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Large-scale central bank purchases of government bonds have made the long-term interest rate key in the monetary policy debate. How central banks react to bond market movements has varied greatly from one episode to another. Driving the term premium in long-term rates negative may stimulate aggregate demand. And a negative term premium encourages borrowers to lengthen the maturity of their debts. Such a reduction in maturity risks makes the financial system more resilient to shocks, and in particular can help emerging economies finance their heavy infrastructure and housing investment needs more safely. But an extended period of very low long rates and high public debt creates financial stability risks. Interest rate risk in the banking system has grown, and some institutional investors face significant exposures. Central banks in the advanced economies now hold a high proportion of bonds issued by their governments, most of which have so far failed to arrest the rise in the ratio of government debt to GDP. Implementing an effective exit strategy will be difficult. Current policy frameworks should be reconsidered, with a view to clarifying the importance of the long-term interest rate for monetary policy, for financial stability and for government debt management."- -Abstract.

Understanding Financial Accounts

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264281282
Total Pages : 424 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis Understanding Financial Accounts by : OECD

Download or read book Understanding Financial Accounts written by OECD and published by OECD Publishing. This book was released on 2017-11-06 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding Financial Accounts seeks to show how a range of questions on financial developments can be answered with the framework of financial accounts and balance sheets, by providing non-technical explanations illustrated with practical examples.

Cost-Benefit Analysis of Leaning Against the Wind

Author : Mr.Lars E. O. Svensson
Publisher : International Monetary Fund
ISBN 13 : 1498314783
Total Pages : 76 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Cost-Benefit Analysis of Leaning Against the Wind by : Mr.Lars E. O. Svensson

Download or read book Cost-Benefit Analysis of Leaning Against the Wind written by Mr.Lars E. O. Svensson and published by International Monetary Fund. This book was released on 2016-01-11 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Leaning against the wind” (LAW) with a higher monetary policy interest rate may have benefits in terms of lower real debt growth and associated lower probability of a financial crisis but has costs in terms of higher unemployment and lower inflation, importantly including a higher cost of a crisis when the economy is weaker. For existing empirical estimates, costs exceed benefits by a substantial margin, even if monetary policy is nonneutral and permanently affects real debt. Somewhat surprisingly, less effective macroprudential policy and generally a credit boom, with resulting higher probability, severity, or duration of a crisis, increases costs of LAW more than benefits, thus further strengthening the strong case against LAW.

Macroprudential Policy and Practice

Author : Paul Mizen
Publisher : Cambridge University Press
ISBN 13 : 1108419909
Total Pages : 325 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis Macroprudential Policy and Practice by : Paul Mizen

Download or read book Macroprudential Policy and Practice written by Paul Mizen and published by Cambridge University Press. This book was released on 2018-08-23 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to the latest theoretical developments in macroprudential policy, the newest tool in central banking policymaking circles.

The Limits of Surveillance and Financial Market Failure

Author : K. Shigehara
Publisher : Springer
ISBN 13 : 1137471476
Total Pages : 290 pages
Book Rating : 4.1/5 (374 download)

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Book Synopsis The Limits of Surveillance and Financial Market Failure by : K. Shigehara

Download or read book The Limits of Surveillance and Financial Market Failure written by K. Shigehara and published by Springer. This book was released on 2014-12-09 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the effectiveness of surveillance by international institutions for financial crisis prevention. It discusses issues relating to designing effective micro- and macro-prudential policies, their mixes and their coordination with monetary policies for achieving financial stability while promoting better macroeconomic performance.

From Great Depression to Great Recession

Author : Mr.Atish R. Ghosh
Publisher : International Monetary Fund
ISBN 13 : 151351427X
Total Pages : 256 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis From Great Depression to Great Recession by : Mr.Atish R. Ghosh

Download or read book From Great Depression to Great Recession written by Mr.Atish R. Ghosh and published by International Monetary Fund. This book was released on 2017-03-30 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global financial crisis and the ensuing Great Recession raised concerns about adjustment fatigue, deflation, currency wars, and secular stagnation that presented a sense of déjà vu: similar concerns had arisen at the time of the Great Depression and at the end of World War II. As with earlier crises, these concerns prompted calls for greater international policy cooperation—both to achieve a sustainable recovery from the crisis and to prevent future crises. This volume compiles papers from a 2015 symposium of eminent scholars convened by the IMF to discuss how history can inform current debates about the functioning and challenges of the international monetary system. An introductory chapter sets the stage for the other chapters in the volume by giving a broad overview of the performance of the international monetary system over the past century, highlighting the key events and challenges that shaped it. Subsequent sections look at historical antecedents of today’s challenges, describe how the modern international monetary system has been—and continues to be—shaped through international financial diplomacy, provide a present-day perspective, and examine the analytics of international policy coordination.

The Princeton Encyclopedia of the World Economy. (Two Volume Set)

Author : Kenneth A. Reinert
Publisher : Princeton University Press
ISBN 13 : 9780691128122
Total Pages : 1338 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis The Princeton Encyclopedia of the World Economy. (Two Volume Set) by : Kenneth A. Reinert

Download or read book The Princeton Encyclopedia of the World Economy. (Two Volume Set) written by Kenneth A. Reinert and published by Princeton University Press. This book was released on 2009 with total page 1338 pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasing economic globalization has made understanding the world economy more important than ever. From trade agreements to offshore outsourcing to foreign aid, this two-volume encyclopedia explains the key elements of the world economy and provides a first step to further research for students and scholars in public policy, international studies, business, and the broader social sciences, as well as for economic policy professionals. Written by an international team of contributors, this comprehensive reference includes more than 300 up-to-date entries covering a wide range of topics in international trade, finance, production, and economic development. These topics include concepts and principles, models and theory, institutions and agreements, policies and instruments, analysis and tools, and sectors and special issues. Each entry includes cross-references and a list of sources for further reading and research. Complete with an index and a table of contents that groups entries by topic, The Princeton Encyclopedia of the World Economy is an essential resource for anyone who needs to better understand the global economy. Features: ? More than 300 alphabetically arranged articles on topics in international trade, finance, production, and economic development International team of contributors Annotated list of further reading with each article Topical list of entries Full index and cross-references Entry categories and sample topics: ? Concepts and principles: globalization, anti-globalization, fair trade, foreign direct investment, international migration, economic development, multinational enterprises Models and theory: Heckscher-Ohlin model, internalization theory, New Trade Theory, North-South trade, Triffin dilemma Institutions and agreements: European Union, International Monetary Fund, World Trade Organization, World Bank, Doha Round, international investment agreements Policies and instruments: dollar standard, international aid, sanctions, tariffs Analysis and tools: exchange rate forecasting, effective protection, monetary policy rules Sectors and special issues: child labor, corporate governance, the digital divide, health and globalization, illegal drugs trade, petroleum, steel

The Argumentative Turn in Policy Analysis

Author : Sven Ove Hansson
Publisher : Springer
ISBN 13 : 3319305492
Total Pages : 354 pages
Book Rating : 4.3/5 (193 download)

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Book Synopsis The Argumentative Turn in Policy Analysis by : Sven Ove Hansson

Download or read book The Argumentative Turn in Policy Analysis written by Sven Ove Hansson and published by Springer. This book was released on 2016-05-26 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes argumentative tools and strategies that can be used to guide policy decisions under conditions of great uncertainty. Contributing authors explore methods from philosophical analysis and in particular argumentation analysis, showing how it can be used to systematize discussions about policy issues involving great uncertainty. The first part of the work explores how to deal in a systematic way with decision-making when there may be plural perspectives on the decision problem, along with unknown consequences of what we do. Readers will see how argumentation tools can be used for prioritizing among uncertain dangers, for determining how decisions should be framed, for choosing a suitable time frame for a decision, and for systematically choosing among different decision options. Case studies are presented in the second part of the book, showing argumentation in practice in the areas of climate geoengineering, water governance, synthetic biology, nuclear waste, and financial markets. In one example, argumentation analysis is applied to proposals to solve the climate problem with various technological manipulations of the natural climate system, such as massive dispersion of reflective aerosols into the stratosphere. Even after a thorough investigation of such a proposal, doubt remains as to whether all the potential risks have been identified. In such discussions, conventional risk analysis does not have much to contribute since it presupposes that the risks have been identified, whereas the argumentative approach to uncertainty management can be used to systematize discussions.

Staff Studies for the World Economic Outlook, 1997

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 9781557757012
Total Pages : 162 pages
Book Rating : 4.7/5 (57 download)

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Book Synopsis Staff Studies for the World Economic Outlook, 1997 by : International Monetary Fund

Download or read book Staff Studies for the World Economic Outlook, 1997 written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-01-16 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: These studies provide supporting material for the analysis and scenarios in the World Economic Outlook.

The Federal Reserve's Role in the Global Economy

Author : Michael D. Bordo
Publisher : Cambridge University Press
ISBN 13 : 1316565300
Total Pages : 345 pages
Book Rating : 4.3/5 (165 download)

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Book Synopsis The Federal Reserve's Role in the Global Economy by : Michael D. Bordo

Download or read book The Federal Reserve's Role in the Global Economy written by Michael D. Bordo and published by Cambridge University Press. This book was released on 2016-04-01 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: The importance of international considerations in the US Federal Reserve System's deliberations has become more and more important over time as global financial crises and events create ever stronger repercussions in the US economy. This book critically evaluates the role of the Federal Reserve System as a player in the international monetary system over the past one hundred years, starting with its initial responsibility under the gold standard and looking ahead to the challenges it will face in the twenty-first century under the fiat standard. The book is based on a conference of the same name held at the Federal Reserve Bank of Dallas in September 2014, as part of the Federal Reserve System's centennial, and contributors include many of the most highly regarded financial historians and policymakers.

International Monetary Reform and Exchange Rate Management

Author : United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on International Trade, Investment and Monetary Policy
Publisher :
ISBN 13 :
Total Pages : 244 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis International Monetary Reform and Exchange Rate Management by : United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on International Trade, Investment and Monetary Policy

Download or read book International Monetary Reform and Exchange Rate Management written by United States. Congress. House. Committee on Banking, Currency and Housing. Subcommittee on International Trade, Investment and Monetary Policy and published by . This book was released on 1975 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Monetary Reform and Exchange Rate Management

Author : United States. Congress. House. Banking, Currency and Housing Committee
Publisher :
ISBN 13 :
Total Pages : 266 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis International Monetary Reform and Exchange Rate Management by : United States. Congress. House. Banking, Currency and Housing Committee

Download or read book International Monetary Reform and Exchange Rate Management written by United States. Congress. House. Banking, Currency and Housing Committee and published by . This book was released on 1975 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt:

One Money, Many Countries

Author : Carlo A. Favero
Publisher : Centre for Economic Policy Research
ISBN 13 : 9781898128434
Total Pages : 96 pages
Book Rating : 4.1/5 (284 download)

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Book Synopsis One Money, Many Countries by : Carlo A. Favero

Download or read book One Money, Many Countries written by Carlo A. Favero and published by Centre for Economic Policy Research. This book was released on 2000 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second major report in the Monitoring European Central Bank series provides a detailed analysis of the European Central Bank's actions and alerts the public to the main issues raised by the policies pursued by the ECB during its first year.

A Macroeconomic Regime for the 21st Century

Author : Christopher Taylor
Publisher : Routledge
ISBN 13 : 1136823697
Total Pages : 288 pages
Book Rating : 4.1/5 (368 download)

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Book Synopsis A Macroeconomic Regime for the 21st Century by : Christopher Taylor

Download or read book A Macroeconomic Regime for the 21st Century written by Christopher Taylor and published by Routledge. This book was released on 2011-03-02 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book aims to give non-economists a detailed understanding of how macroeconomic policy works in modern economies, and the issues it faces. The world has recently been through a huge economic crisis and thinking people everywhere have reason to wonder whether something is not seriously wrong with the policy regimes underlying these dramatic events in the major economies, and whether changes should be made. The author reviews the history of the successive regimes tried and found wanting in the second half of the last century and proposes a set of reforms designed to convert the flawed neo-liberal consensus of the 1990s into a durable regime for the present century.

The Yield Curve and Financial Risk Premia

Author : Felix Geiger
Publisher : Springer Science & Business Media
ISBN 13 : 3642215750
Total Pages : 320 pages
Book Rating : 4.6/5 (422 download)

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Book Synopsis The Yield Curve and Financial Risk Premia by : Felix Geiger

Download or read book The Yield Curve and Financial Risk Premia written by Felix Geiger and published by Springer Science & Business Media. This book was released on 2011-08-17 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The determinants of yield curve dynamics have been thoroughly discussed in finance models. However, little can be said about the macroeconomic factors behind the movements of short- and long-term interest rates as well as the risk compensation demanded by financial investors. By taking on a macro-finance perspective, the book’s approach explicitly acknowledges the close feedback between monetary policy, the macroeconomy and financial conditions. Both theoretical and empirical models are applied in order to get a profound understanding of the interlinkages between economic activity, the conduct of monetary policy and the underlying macroeconomic factors of bond price movements. Moreover, the book identifies a broad risk-taking channel of monetary transmission which allows a reassessment of the role of financial constraints; it enables policy makers to develop new guidelines for monetary policy and for financial supervision of how to cope with evolving financial imbalances.

Betting for and Against EMU

Author : Leila Talani
Publisher : Taylor & Francis
ISBN 13 : 1040291279
Total Pages : 341 pages
Book Rating : 4.0/5 (42 download)

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Book Synopsis Betting for and Against EMU by : Leila Talani

Download or read book Betting for and Against EMU written by Leila Talani and published by Taylor & Francis. This book was released on 2024-11-01 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2000: An analysis of the extent to which the outcomes of the process of European monetary integration and, particularly, of the development of the debate over the establishment of EMU, have been influenced by domestic politics and by domestic economic interest groups in Italy and in the United Kingdom. From an empirical point of view, the work provides an account of the development of Italian and British socio-economic interest groups towards the issue of European monetary union from the making of the EMS until the establishment of EMU.

Political Aspects of the Economic Monetary Union

Author : Soren Zibrandt von Dosenrode-Lynge
Publisher : Routledge
ISBN 13 : 1351746324
Total Pages : 276 pages
Book Rating : 4.3/5 (517 download)

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Book Synopsis Political Aspects of the Economic Monetary Union by : Soren Zibrandt von Dosenrode-Lynge

Download or read book Political Aspects of the Economic Monetary Union written by Soren Zibrandt von Dosenrode-Lynge and published by Routledge. This book was released on 2018-02-06 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2002: Concentrating on the myriad political aspects of European Monetary Union (EMU), this volume places the EMU and the European Union (EU) in a global context. It should be useful for scholars and students of European studies, economics, modern history and international relations. Libraries and embassies should also find it a valuable reference tool.