Central Banking in Transition Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451936680
Total Pages : 50 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis Central Banking in Transition Countries by : Mr.Helmut Wagner

Download or read book Central Banking in Transition Countries written by Mr.Helmut Wagner and published by International Monetary Fund. This book was released on 1998-08-01 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Central Banking in Developing Countries

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Author :
Publisher : Springer
ISBN 13 : 0230371507
Total Pages : 289 pages
Book Rating : 4.2/5 (33 download)

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Book Synopsis Central Banking in Developing Countries by : A. Chandavarkar

Download or read book Central Banking in Developing Countries written by A. Chandavarkar and published by Springer. This book was released on 1996-10-31 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Central Banking, Monetary Policies, and the Implications for Transition Economies

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 1461551935
Total Pages : 458 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Central Banking, Monetary Policies, and the Implications for Transition Economies by : Mario I. Blejer

Download or read book Central Banking, Monetary Policies, and the Implications for Transition Economies written by Mario I. Blejer and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Bank Reform in the Transition Economies

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781557756084
Total Pages : 212 pages
Book Rating : 4.7/5 (56 download)

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Book Synopsis Central Bank Reform in the Transition Economies by : International Monetary Fund

Download or read book Central Bank Reform in the Transition Economies written by International Monetary Fund and published by International Monetary Fund. This book was released on 1997-05-01 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1992, the central banks of the Baltic states and the Commonwealth of Independent States have undertaken comprehensive reform of their monetary and exchange arrangements in support of their stabilization efforts. Their efforts have been supported by extensive technical assistance provided by the IMF and 23 central banks. This book edited by V. Sundararajan, Arne B. Peterson, and Gabriel Sensenbrenner, contains the background papers prepared for the second joint coordinating meeting of participants. That meeting focused on the progress of structural reforms in central banking and bank restructuring and identified priorities for the deepening of reforms. The book documents the remarkable progress achieved by the Baltic and CIS central banks and the catalytic role they have played in financial market development.

Central Banking in Developing Countries

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Author :
Publisher : Routledge
ISBN 13 : 1134759746
Total Pages : 234 pages
Book Rating : 4.1/5 (347 download)

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Book Synopsis Central Banking in Developing Countries by : Álvaro Almeida

Download or read book Central Banking in Developing Countries written by Álvaro Almeida and published by Routledge. This book was released on 1996-05-30 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the current state of central banking in 44 developing countries. The authors analyse the banks' achievement in their primary objective of price stability and discuss the reasons behind the general lack of success. The book covers: * government financing * foreign exchange systems * domestic banking systems. Rich in data, the book

Central Banking in Developing Countries

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Author :
Publisher : Palgrave Macmillan
ISBN 13 : 9780312163525
Total Pages : 289 pages
Book Rating : 4.1/5 (635 download)

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Book Synopsis Central Banking in Developing Countries by : Anand G. Chandavarkar

Download or read book Central Banking in Developing Countries written by Anand G. Chandavarkar and published by Palgrave Macmillan. This book was released on 1996 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Gatekeepers of Growth

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Author :
Publisher : Princeton University Press
ISBN 13 : 1400822289
Total Pages : 192 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Gatekeepers of Growth by : Sylvia Maxfield

Download or read book Gatekeepers of Growth written by Sylvia Maxfield and published by Princeton University Press. This book was released on 1998-07-13 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central banks can shape economic growth, affect income distribution, influence a country's foreign relations, and determine the extent of its democracy. While there is considerable literature on the political economy of central banking in OECD countries, this is the first book-length study focused on central banking in emerging market countries. Surveying the dramatic worldwide trend toward increased central bank independence in the 1990s, the book argues that global forces must be at work. These forces, the book contends, center on the character of international financial intermediation. Going beyond an explanation of central bank independence, Sylvia Maxfield posits a general framework for analyzing the impact of different types of international capital flows on the politics of economic policymaking in developing countries. The book suggests that central bank independence in emerging market countries does not spring from law but rather from politics. As long as politicians value them, central banks will enjoy independence. Central banks are most likely to be independent in developing countries when politicians desire international creditworthiness. Historical analyses of central banks in Brazil, Mexico, South Korea, and Thailand, and quantitative analyses of a larger sample of developing countries corroborate this investor signaling explanation of broad trends in central bank status.

Should Developing Countries Have Central Banks?

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Author :
Publisher : Research Monograph Institute o
ISBN 13 :
Total Pages : 140 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Should Developing Countries Have Central Banks? by : Kurt Schuler

Download or read book Should Developing Countries Have Central Banks? written by Kurt Schuler and published by Research Monograph Institute o. This book was released on 1996 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gathers evidence to determine whether or not countries with central banks can claim superior economic performance to those with other monetary systems (such as currency boards, monetary institutes, free banking, or 'dollarisation').

Unelected Power

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Author :
Publisher : Princeton University Press
ISBN 13 : 0691196303
Total Pages : 662 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Unelected Power by : Paul Tucker

Download or read book Unelected Power written by Paul Tucker and published by Princeton University Press. This book was released on 2019-09-10 with total page 662 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tucker presents guiding principles for ensuring that central bankers and other unelected policymakers remain stewards of the common good.

Gatekeepers of Growth

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Author :
Publisher : Princeton University Press
ISBN 13 : 1400822289
Total Pages : 192 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Gatekeepers of Growth by : Sylvia Maxfield

Download or read book Gatekeepers of Growth written by Sylvia Maxfield and published by Princeton University Press. This book was released on 1998-07-13 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central banks can shape economic growth, affect income distribution, influence a country's foreign relations, and determine the extent of its democracy. While there is considerable literature on the political economy of central banking in OECD countries, this is the first book-length study focused on central banking in emerging market countries. Surveying the dramatic worldwide trend toward increased central bank independence in the 1990s, the book argues that global forces must be at work. These forces, the book contends, center on the character of international financial intermediation. Going beyond an explanation of central bank independence, Sylvia Maxfield posits a general framework for analyzing the impact of different types of international capital flows on the politics of economic policymaking in developing countries. The book suggests that central bank independence in emerging market countries does not spring from law but rather from politics. As long as politicians value them, central banks will enjoy independence. Central banks are most likely to be independent in developing countries when politicians desire international creditworthiness. Historical analyses of central banks in Brazil, Mexico, South Korea, and Thailand, and quantitative analyses of a larger sample of developing countries corroborate this investor signaling explanation of broad trends in central bank status.

Priests of Prosperity

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Author :
Publisher : Cornell University Press
ISBN 13 : 1501703757
Total Pages : 311 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis Priests of Prosperity by : Juliet Johnson

Download or read book Priests of Prosperity written by Juliet Johnson and published by Cornell University Press. This book was released on 2016-02-25 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Priests of Prosperity explores the unsung revolutionary campaign to transform postcommunist central banks from command-economy cash cows into Western-style monetary guardians. Juliet Johnson conducted more than 160 interviews in seventeen countries with central bankers, international assistance providers, policymakers, and private-sector finance professionals over the course of fifteen years. She argues that a powerful transnational central banking community concentrated in Western Europe and North America integrated postcommunist central bankers into its network, shaped their ideas about the role of central banks, and helped them develop modern tools of central banking. Johnson's detailed comparative studies of central bank development in Hungary, the Czech Republic, Slovakia, Russia, and Kyrgyzstan take readers from the birth of the campaign in the late 1980s to the challenges faced by central bankers after the global financial crisis. As the comfortable certainties of the past collapse around them, today’s central bankers in the postcommunist world and beyond find themselves torn between allegiance to their transnational community and its principles on the one hand and their increasingly complex and politicized national roles on the other. Priests of Prosperity will appeal to a diverse audience of scholars in political science, finance, economics, geography, and sociology as well as to central bankers and other policymakers interested in the future of international finance, global governance, and economic development.

Central Banking in Eastern Europe

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Author :
Publisher : Routledge
ISBN 13 : 1134736924
Total Pages : 396 pages
Book Rating : 4.1/5 (347 download)

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Book Synopsis Central Banking in Eastern Europe by : Barry Harrison

Download or read book Central Banking in Eastern Europe written by Barry Harrison and published by Routledge. This book was released on 2003-09-02 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, written by a multinational team of experts, explores the changing face of central banking in Eastern Europe in the light of modern macroeconomic thinking, providing important and novel insights into the design of monetary policy institutions. With its authoritative content, this book will interest students and academics involved with money and banking, macroeconomics and Eastern European studies. Professionals working for financial institutions will also find plenty that will appeal within these pages.

Alternatives to the Central Bank in the Developing World

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781557750570
Total Pages : 36 pages
Book Rating : 4.7/5 (55 download)

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Book Synopsis Alternatives to the Central Bank in the Developing World by : Mr.Charles Collyns

Download or read book Alternatives to the Central Bank in the Developing World written by Mr.Charles Collyns and published by International Monetary Fund. This book was released on 1983-03-15 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the operations of a wide range of central banking institutions in developing countries. The considerable diversity of economic, financial, and political conditions within the Third World has brought forth a wide variety of central banking institutions. Four polar types have been identified as providing coherent alternatives to the central bank. Historical experience certainly indicates that legislation on its own may not be enough to guarantee prudent behavior. Although many countries' central banking institutions have not yet come close to violating foreign exchange cover requirements or restrictions on government lending, in other cases the rules have simply been sidestepped by technical adjustments, altered expediently, or merely ignored. The organizational structure established by legislation probably plays a more positive part in determining a central banking institution's characteristic behavior. Operating procedures, channels of communication, and lines of command all exert some influence on where and how decisions are made in practice. The balance of power between government and monetary authority does not only depend on personality and outside support but will also be influenced by the institutional framework in which their interaction is established.

Central Banking, Monetary Policies, and the Implications for Transition Economies

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Author :
Publisher : Springer
ISBN 13 : 9781461551942
Total Pages : 465 pages
Book Rating : 4.5/5 (519 download)

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Book Synopsis Central Banking, Monetary Policies, and the Implications for Transition Economies by : Mario I. Blejer

Download or read book Central Banking, Monetary Policies, and the Implications for Transition Economies written by Mario I. Blejer and published by Springer. This book was released on 2011-09-26 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Foreign Exchange Intervention in Developing and Transition Economies

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451851847
Total Pages : 60 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Foreign Exchange Intervention in Developing and Transition Economies by : Mr.Jorge Iván Canales Kriljenko

Download or read book Foreign Exchange Intervention in Developing and Transition Economies written by Mr.Jorge Iván Canales Kriljenko and published by International Monetary Fund. This book was released on 2003-05-01 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on evidence obtained from the IMF's 2001 Survey on Foreign Exchange Market Organization, the author argues that, for several reasons, some central banks in developing and transition economies may be able to conduct foreign exchange intervention more effectively than the central banks of developed countries issuing the major international currencies. First, these central banks do not always fully sterilize their foreign exchange interventions. In addition, they issue regulations and conduct their foreign exchange operations in a way that increases the central bank's information advantage and the size of their foreign exchange intervention relative to foreign exchange market turnover. Some of the central banks also use moral suasion to support their foreign exchange interventions.

Central Bank Credit to the Government

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1463957394
Total Pages : 44 pages
Book Rating : 4.4/5 (639 download)

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Book Synopsis Central Bank Credit to the Government by : Mr.Luis Ignacio Jácome

Download or read book Central Bank Credit to the Government written by Mr.Luis Ignacio Jácome and published by International Monetary Fund. This book was released on 2012-01-01 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a central bank legislation database, this paper documents and analyzes worldwide institutional arrangements for central bank lending to the government and identifies international practices. Key findings are: (i) in most advanced countries, central banks do not finance government expenditure; (ii) in a large number of emerging and developing countries, short-term financing is allowed in order to smooth out tax revenue fluctuations; (iii) in most countries, the terms and conditions of these loans are typically established by law, such that the amount is capped at a small proportion of annual government revenues, loans are priced at market interest rates, and their maturity falls within the same fiscal year; and (iv) in the vast majority of countries, financing other areas of the state, such as provincial governments and public enterprises, is not allowed. The paper does not address central banks' financial support during financial crises.

Central Banking in the Twentieth Century

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Author :
Publisher : Cambridge University Press
ISBN 13 : 1139495208
Total Pages : 351 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Central Banking in the Twentieth Century by : John Singleton

Download or read book Central Banking in the Twentieth Century written by John Singleton and published by Cambridge University Press. This book was released on 2010-11-25 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.