global imbalances financial crises and central bank policies

Global Imbalances  Financial Crises  And Central Bank Policies
Author: Andreas Steiner
Publisher: Elsevier
Release Date: 2016-07-25
Pages: 204
ISBN:
Available Language: English, Spanish, And French
EBOOK SYNOPSIS:

Global Imbalances, Financial Crises, and Central Bank Policies assesses the relationships between global imbalances, financial crises, and central bank policies, with a specific focus on their reserves. The book contains a strictly international perspective with an analysis based on empirical research that enables the reader to develop an analytical model that emphasizes interactions among individual central banks. With this innovative approach, the book develops a new method for defining an optimal demand for reserves. In addition, the book describes implications for financial reforms that might ultimately be more important than its empirical findings. Presents a systematic account of the relationship between the build-up of reserves and central bank policies Emphasizes a global view of currency reserves, which is usually ignored in analyses of their effect Includes datasets as well as all illustrations and figures in online ancillary materials

The IMF And Global Financial Crises
Author: Joseph P. Joyce
Publisher: Cambridge University Press
Release Date: 2013
Pages: 241
ISBN:
Available Language: English, Spanish, And French
EBOOK SYNOPSIS:

Joyce traces the IMF's actions to promote international financial stability from the Bretton Woods era through the recent recession.

India And The Global Financial Crisis
Author: Y. Venugopal Reddy
Publisher: Anthem Press
Release Date: 2009
Pages: 397
ISBN:
Available Language: English, Spanish, And French
EBOOK SYNOPSIS:

‘India and the Global Financial Crisis’ offers a collection of essays based on the speeches delivered by Reddy during his tenure as Governor of the Reserve Bank of India between September 2003 and September 2008, a period of rapid growth for the Indian economy as well as extraordinary challenges for the conduct of monetary policy. He has earned universal acclaim for his gubernatorial management of India’s calibrated financial integration with the global economy. These essays provide informed critical insights into the making of public policies across a spectrum of areas during those years, while presenting an inside view of the dynamics that are played out behind the scenes. They respond to the interest in India's management of a financial sector that has facilitated growth while maintaining stability, markedly contrasting to the fragile financial climate of the USA. The volume describes India's financial situation, the Reserve Bank of India's perspective, and its policies. ‘India and the Global Financial Crisis’ was selected asFinancial Book of the Year 2010by ‘China Business News’.

Central Bank Policy
Author: Perry Warjiyo
Publisher: Emerald Group Publishing
Release Date: 2019-07-25
Pages: 592
ISBN:
Available Language: English, Spanish, And French
EBOOK SYNOPSIS:

Central Bank Policy: Theory and Practice analyses various policies, theories and practices adopted by central banks, as well as the institutional arrangements underlying the principles of good governance in policy-making. It is the first book to comprehensively discuss the latest theories and practices of central bank policy.

Central Bank Regulation And The Financial Crisis
Author: Miao Han
Publisher: Springer
Release Date: 2015-10-20
Pages: 319
ISBN:
Available Language: English, Spanish, And French
EBOOK SYNOPSIS:

The respective legal frameworks that control central banks are shaped by whether they are market oriented or government controlled. However such stark distinction between these two categories has been challenged in view of the varying styles of crisis management demonstrated by different central banks during the crisis. This book uses comparative analysis to investigate how the global financial crisis challenged the role played by central banks in maintaining financial stability. Focusing on four central banks including the US Federal Reserve System, the Bank of England, the Bank of Japan and the People's Bank of China, it illustrates the similarities between the banks prior to the crisis, and their similar policy responses in the wake of the crisis. It demonstrates how each operated with varying levels of independence while performing very differently and facing different tasks. The book identifies some central explanatory variables for this behavior, addressing the mismatch of similar risk management solutions and varying outcomes. Central Bank Regulation and The Financial Crisis: A Comparative Analysis explores the legal challenges within central bank regulation presented by the global financial crisis. It emphasizes the importance of, and the limitations involved in, legal order and argue that in spite of integration and globalization, significant differences exist in central banks' approaches to risk management and financial stability.

The Financial Crisis
Author: Phillip Inman
Publisher: The Guardian
Release Date: 2013-02-05
Pages: 70
ISBN:
Available Language: English, Spanish, And French
EBOOK SYNOPSIS:

Every day brings another gloomy economic statistic. Countries heading for bankruptcy; banks running out of money; production down; shop prices up: and no end seems to be in sight. Newspapers and TV news shows dwell on the troubled times and report on the inability of politicians to present a coherent way for Britain and the rest of Europe to pull out of a long and seemingly never-ending depression. Nothing seems to give employers the confidence to hire more people, pay them an inflation-proof wage rise and reverse a long decline in living standards. Fully updated for 2013, The Financial Crisis: How Did We Get Here? explains what economic levers are available to policymakers, which ones are being pulled and which are being left idle. It examines what's being done to haul the global economy back to health ... and why we are sowing the seeds of another crisis in the future.

New Paradigms For Financial Regulation
Author: Masahiro Kawai
Publisher: Brookings Institution Press
Release Date: 2012-12-20
Pages: 291
ISBN:
Available Language: English, Spanish, And French
EBOOK SYNOPSIS:

The global financial crisis has led to a sweeping reevaluation of financial market regulation and macroeconomic policies. Emerging markets need to balance the goals of financial development and broader financial inclusion with the imperative of strengthening macroeconomic and financial stability. The third in a series on emerging markets, New Paradigms for Financial Regulation develops new analytical frameworks and provides policy prescriptions for how the frameworks should be adapted to a world of more free and more volatile capital. This volume provides an overview of the global regulatory landscape from the perspective of Asian emerging markets. The contributors discuss the many challenges ahead in developing sound and flexible financial regulatory systems for emerging market economies. The challenges are heightened by the rising integration of these economies into global trade and finance, the growing sophistication of their financial systems as globalization and emergence processes accelerate, and their potential vulnerability to instability arising from the financial markets in the advanced economies. The contributors provide guidance about pitfalls to be avoided, general principles that should guide the creation of sound regulatory systems, and valuable analytic perspectives about how to continue to broaden the financial sector and innovate while still maintaining financial and macroeconomic stability.

New Perspectives On Asset Price Bubbles
Author: Douglas D. Evanoff
Publisher: Oxford University Press
Release Date: 2012-02-08
Pages: 480
ISBN:
Available Language: English, Spanish, And French
EBOOK SYNOPSIS:

This volume critically re-examines the profession's understanding of asset bubbles in light of the global financial crisis of 2007-09. It is well known that bubbles have occurred in the past, with the October 1929 crash as the most demonstrative example. However, the remarkably well-behaved performance of the US economy from 1945 to 2006, and, in particular during the Great Moderation period of 1984 to 2006, assured the economics profession and monetary policymakers that asset bubbles could be effectively managed with little or no real economic impact. The recent financial crisis has now triggered a debate about the emergence of a sequence of repeated bubbles in the Nasdaq market, housing market, credit market, and commodity markets. The realities of the crisis have intensified theoretical modeling, empirical methodologies, and debate on policy issues surrounding asset price bubbles and their potentially adverse economic impact if poorly managed. Taking a novel approach, the editors of this book present five classic papers that represent accepted thinking about asset bubbles prior to the financial crisis. They also include original papers challenging orthodox thinking and presenting new insights. A summary essay highlights the lessons learned and experiences gained since the crisis.

The Money Trap
Author: R. Pringle
Publisher: Springer
Release Date: 2012-06-07
Pages: 300
ISBN:
Available Language: English, Spanish, And French
EBOOK SYNOPSIS:

The world economy is caught in a money trap. Existing monetary arrangements meet the needs neither of the ageing societies of the West nor of younger emerging economies. This in-depth analysis explains how the world got into the grip of global finance - and how it can escape, with a growing demand for reform.

The G 20 Summit At Five
Author: Kemal Dervis
Publisher: Brookings Institution Press
Release Date: 2014-07-18
Pages: 302
ISBN:
Available Language: English, Spanish, And French
EBOOK SYNOPSIS:

Can the G-20 become a steering committee for the world's economy? Launched at a moment of panic triggered by the financial crisis in late 2008, the leaders' level G-20 is trying to evolve from crisis committee for the world economy to a real steering group facilitating international economic cooperation. What can and should such a "steering committee" focus on? How important could the concrete gains from cooperation be? How much faster could world growth be? Is there sufficient legitimacy in the G-20 process? How does the G-20 relate to the IMF and the World Bank? How can Australia in 2015, and then Turkey in 2016, chair the process so as to encourage strategic leadership? The East Asian Bureau of Economic Research in the Crawford School of Public Policy at the Australian National University and the Global Economy and Development program at the Brookings Institution joined forces in putting together this volume and asked opinion leaders and policymakers from G-20 countries to provide their independent perspectives. Contributors include Colin Bradford (Brookings), Peter Drysdale (Australian National University), Kemal Dervis (Brookings), Andrew Elek (Australian National University), Ross Garnaut (University of Melbourne), Huang Yiping (China Center for Economic Research), Bruce Jones (Brookings), Muneesh Kapur (IMF), Homi Kharas (Brookings), Wonhyuk Lim (Korea Development Institute), Rakesh Mohan (IMF), David Nellor (consultant, Indonesia), Yoshio Okubo (Japan Securities Dealers Association), Mari Pangestu (Republic of Indonesia), Changyong Rhee (former Asian Development Bank), Alok Sheel (Government of India), Mahendra Siregar (Republic of Indonesia), Paola Subacchi (Chatham House, London), Carlos Vegh (Brookings), Guillermo Vuletin (Brookings), and Maria Monica Wihardja (World Bank).

Macroeconomics
Author: Wendy Carlin
Publisher: Oxford University Press, USA
Release Date: 2014-11-20
Pages: 638
ISBN:
Available Language: English, Spanish, And French
EBOOK SYNOPSIS:

Carlin and Soskice integrate the financial system with a model of the macro-economy. In doing this, they take account of the gaps in the mainstream model exposed by the financial crisis and the Eurozone crisis. This equips the reader with a realistic modelling framework to analyse the economy both in crisis times and in periods of stability.

Resetting The International Monetary  Non System
Author: José Antonio Ocampo
Publisher: Oxford University Press
Release Date: 2017
Pages: 269
ISBN:
Available Language: English, Spanish, And French
EBOOK SYNOPSIS:

Annotation Provides an analysis of the global monetary system and proposes a comprehensive yet evolutionary reform of the system aimed at creating better monetary cooperation for the twenty-first century.

Economic Imbalances And Institutional Changes To The Euro And The European Union
Author: Rajmund Mirdala
Publisher: Emerald Group Publishing
Release Date: 2017-08-22
Pages: 354
ISBN:
Available Language: English, Spanish, And French
EBOOK SYNOPSIS:

This book offers a critical perspective from which to observe evolution of the Euro Area and the European Union in these times of growing economic and political conflict. Key implications of design failures in the Euro Area (i.e. incorrect diagnostics of the public finance crisis, single monetary policy failure, heterogeneous macroeconomic environment, asymmetry in macroeconomic policies, obstacles for policy coordination) and their contribution to the excessive external and internal economic imbalances will be critically discussed from the economic, policy and institutional perspectives. This critical insight is used to examine both institutional asset and economic performance of Europe after the crisis, moving from the authors' shared perspective that the crisis revealed the weak aspects of the whole architecture of the European Union. The economic crisis revealed the existence of different forms of imbalances inside the Eurozone and highlighted the flaws of the institutional architecture of economic policy in Europe. The greater fragility of some countries in respect to others has triggered a backward process in which national interests have started to prevail over those of both the currency area and the entire European Union. In turn, this has fuelled a progressive decline in confidence in the European institutions and is creating growing questions of interpretation both in terms of economic theory and institutional asset. This book focuses on these issues and on the degree of legitimacy of the European institutions resulting therefrom. It aims to investigate the nature and validity of the European integration process emphasizing limits and challenges arising from it.

Monetary Policy And Central Banking
Author: Louis-Philippe Rochon
Publisher: Edward Elgar Publishing
Release Date: 2012
Pages: 256
ISBN:
Available Language: English, Spanish, And French
EBOOK SYNOPSIS:

Has the economic and financial crisis changed the way we conduct monetary policy? Is quantitative easing consistent with the endogeneity of money? These are but two of the questions this new book explores. The various contributors offer interesting and new perspectives on the conduct of monetary policy during the crisis, and provide sharp criticism of central bank policies in the US and Europe. A must read for all those interested in a critical analysis of monetary policy.

Challenges To Central Banking In The Context Of Financial Crisis
Author: Subir Gokarn
Publisher:
Release Date: 2011
Pages: 492
ISBN:
Available Language: English, Spanish, And French
EBOOK SYNOPSIS:

Contributed papers presented at the first International Research Conference on "Challenges to Central Banking in the Context of Financial Crisis", organized by Reserve Bank of India on Feb. 12-13, 2010, in Mumbai, India.

Central Banking And Monetary Policy In The Asia Pacific
Author: Akhand Akhtar Hossain
Publisher: Edward Elgar Publishing
Release Date: 2009-01-01
Pages: 360
ISBN:
Available Language: English, Spanish, And French
EBOOK SYNOPSIS:

The strength of this book is that it summarises a vast amount of the modern literature in monetary economics. . . the book provides detailed and clear descriptions of monetary models. . . This comprehensive volume is a useful compendium of the monetary economics literature of the second half of the 20th century, which has to a certain extent been over taken by events. Paul Wachtel, Asian-Pacific Economic Literature This well-researched and finely crafted book is a valuable addition to the literature on monetary policy in developing countries. It explains the concepts and tools of monetary policy in a simple manner and discusses how monetary policy works in developing Asia in a historical context within the framework of an outward-oriented development strategy. I am not aware of any other book that covers the organisational and institutional aspects of major central banks in developing Asia. Prema-chandra Athukorala, Australian National University This book elaborates the key concepts, principles and models of inflation and monetary policy and explains how they remain relevant and useful to the design and conduct of monetary policy in developing Asia. In this rapidly growing region, price stability remains important and therefore monetary policy has gained increasing importance. Even while emphasising the importance of the classical approach, the book discusses alternative frameworks and points out areas where a consensus is emerging. The review of the literature is extensive and careful. Along with developing this theme, the book reviews the structure and governance of most central banks in the Asia-Pacific and discusses how they conduct monetary policy to achieve price stability under different monetary policy frameworks. The book fills a gap in the central banking and monetary policy literature and has no close competitors. It should be useful to both students and policymakers in developing Asia. Salim Rashid, University of Illinois, US The 1997 East Asia crisis exposed many economic policy weaknesses in the Asia-Pacific region. In his latest book, Dr Hossain provides students with a refreshing up-to-date reference text on the concepts and principles of money, banking and finance in developing countries which differ in many ways to monetary institutions and practices in developed countries, which conventional monetary textbooks focus on. I thoroughly recommend it. A.P. Thirlwall, University of Kent, UK This timely book reviews the modern literature on inflation and monetary policy, and highlights contemporary issues in the design and conduct of monetary policy for price stability in developing Asia. Akhand Akhtar Hossain surveys the evolution of central banking and provides an introduction to the structure, function and governance of central banks in selected countries in the Asia-Pacific. The author also examines the major theories, models and approaches to inflation and monetary policy, and evaluates monetary policy regimes in selected countries in the Asia-Pacific in a historical context. This eloquent and comprehensible book will prove to be invaluable to undergraduate students on monetary theory and policy as well as banking and financial courses. Researchers exploring monetary policy concepts, principles and case studies will warmly welcome this book, as will policy-makers who have an interest in macroeconomics, monetary and financial policies.

G 20 And International Economic Cooperation
Author: Rebecca M. Nelson
Publisher: DIANE Publishing
Release Date: 2010-11
Pages: 28
ISBN:
Available Language: English, Spanish, And French
EBOOK SYNOPSIS:

Contents: (1) Intro.; (2) The Rise of the G-20 as the Premier Forum for Internat. Econ. Cooperation: 1970s-1990s: Developed Countries Dominate Financial Discussions; 1990s-2008: Emerging Markets Gain Greater Influence; 2008¿Present: Emerging Markets Get a Seat at the Table; (3) How the G-20 Operates; (4) Overview of the G-20 Summits: Wash., DC, Nov. 2008; London, April 2009; Pittsburgh, Sept. 2009; Protests at G-20 Summits; (5) Issues on the Horizon: Regulatory Reform; Increasing the Representation of Emerging Markets in Internat. Financial Institutions; Increased Funding of the Multilateral Develop. Banks; A Green Recovery; WTO Doha Round of Multilateral Trade Negotiations; (6) Transition from G-7 to G-20.

The Consequences Of The Global Financial Crisis
Author: Wyn Grant
Publisher: Oxford University Press
Release Date: 2012-05-24
Pages: 272
ISBN:
Available Language: English, Spanish, And French
EBOOK SYNOPSIS:

Systematically exploring the consequences of the global financial crisis, this text focuses primarily on the impact on policy and politics. It asks how governments responded to the challenges that the crisis has posed, and the policy and political impact of the combination of both the crisis itself and these responses.

Global Financial Crises And Reforms
Author: B. N. Ghosh
Publisher: Routledge
Release Date: 2002-01-04
Pages: 448
ISBN:
Available Language: English, Spanish, And French
EBOOK SYNOPSIS:

This is an innovative collection of papers written by a panel of highly respected academics and financial experts. Whilst providing an insight into the phenomenology of the financial crises of the 1990s in Asia and Latin America, the book also explores possibilities for their solution.

The Euro Crisis
Author: P. Arestis
Publisher: Springer
Release Date: 2012-04-05
Pages: 276
ISBN:
Available Language: English, Spanish, And French
EBOOK SYNOPSIS:

A detailed and informed analysis of the current crisis facing the eurozone, examining the root causes and exploring the possible outcomes and uncertain future of the European Union and its currency. Chapters include case studies of Portugal, Ireland, Spain and Greece, as well as broader comparative perspectives.