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 198 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.
Download or read book Central Banking Experiment in a Developing Economy written by Byong-kuk Kim (Wirtschaftswissenschaftler, Korea, USA) and published by . This book was released on 1965 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Central Banking Experiment in a Developing Economy written by Byong-kuk Kim and published by . This book was released on 1965 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Central banking experiment in developing economy written by Pyŏng-guk Kim and published by . This book was released on 1965 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Central Banking in a Planned Economy written by Chitta Ranjan Basu and published by New Delhi : Tata McGraw-Hill Publishing Company. This book was released on 1977 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Central Banking in the Emerging Countries written by Saroj Kumar Basu and published by . This book was released on 1967 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyses the structure, policies and problems of a sample of 8 central banks in the context of the new concept of central banking that have evolved during the past 25 years, and against the background of central banking in underdeveloped countries.
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 198 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.
Download or read book The Federal Reserve System Purposes and Functions written by Board of Governors of the Federal Reserve System and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Download or read book The Great Inflation written by Michael D. Bordo and published by University of Chicago Press. This book was released on 2013-06-28 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.
Download or read book Central Banking in a Developing Economy written by Terrence W. Farrell and published by . This book was released on 1990 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economy of Words written by Douglas R. Holmes and published by University of Chicago Press. This book was released on 2013-12-09 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Markets are artifacts of language—so Douglas R. Holmes argues in this deeply researched look at central banks and the people who run them. Working at the intersection of anthropology, linguistics, and economics, he shows how central bankers have been engaging in communicative experiments that predate the financial crisis and continue to be refined amid its unfolding turmoil—experiments that do not merely describe the economy, but actually create its distinctive features. Holmes examines the New York District Branch of the Federal Reserve, the European Central Bank, Deutsche Bundesbank, and the Bank of England, among others, and shows how officials there have created a new monetary regime that relies on collaboration with the public to achieve the ends of monetary policy. Central bankers, Holmes argues, have shifted the conceptual anchor of monetary affairs away from standards such as gold or fixed exchange rates and toward an evolving relationship with the public, one rooted in sentiments and expectations. Going behind closed doors to reveal the intellectual world of central banks,Economy of Words offers provocative new insights into the way our economic circumstances are conceptualized and ultimately managed.
Download or read book Quantitative Easing written by Jonathan Ashworth and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Before the Great Financial Crisis of 2008-09, significant reductions in official interest rates in developed economies, often alongside fiscal stimulus, typically proved sufficient to generate sustainable economic recoveries from downturns. The exception was Japan, whom despite rock bottom interest rates and fiscal stimulus, experienced a "lost decade" of growth and deflation after the bursting of its massive real estate and stock market bubbles in 1989. In 2001 the Bank of Japan embarked on a new policy, which switched from targeting the price of money (interest rates) to the quantity of reserves it held - quantitative easing (QE). This book offers a thorough and perspicacious analysis of QE, what has become a recovery method of last resort, and will be essential reading for anyone wanting to understand central banking's role in the national economy. The crisis of 2008-09 pushed policy-makers in a number of developed economies to embark on large programmes of QE that were implemented intermittently over several years. Whilst it was successful in stimulating growth, it remains controversial and continues to promote widespread debate in economics, financial and political economy circles. Not least because, with interest rates still at, or close to, the zero-bound in most countries and the economic expansions in some countries now becoming relatively mature, it is likely to be a key tool when the next major slowdown emerges.
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').
Download or read book Evolution of Central Banking written by Roland Uittenbogaard and published by Springer. This book was released on 2014-12-29 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book analyses the establishment of De Nederlandsche Bank and its early development as a case study to test competing theories on the historical development of central banking. It is shown that the establishment of DNB can be explained by both the fiscal theory and the financial stability theory. Later development makes clear that the financial stability role of DNB prevailed. DNB ́s bank notes were not forced onto the public and competition was fierce. A prudent and independent stance was necessary to be able to play its intended role. This meant that DNB played a modest role in the Amsterdam money market until 1852. By 1852 it had established itself to become the central bank. By then its bank notes had become generally accepted and it could start to operate as a reserve bank. Also the market context had changed dramatically, its competitors had been driven out of the market and several credit institutions had become customers of DNB. "On the occasion of the Nederlandsche Bank's 200th Anniversary, it is good to have a new, and an extremely good, history of its founding and first fifty years of operation. The only previous account of this period of the DNB's history was legalistic and did not sufficiently place the Bank ́s development in its wider context. Uittenbogaard's book provides a much broader, and better, story of the personnel, economics, and finance of the DNB at this juncture." - Charles Goodhart, LSE.
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 304 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.
Download or read book Bankers Bureaucrats and Central Bank Politics written by Christopher Adolph and published by Cambridge University Press. This book was released on 2013-04-15 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most studies of the political economy of money focus on the laws protecting central banks from government interference; this book turns to the overlooked people who actually make monetary policy decisions. Using formal theory and statistical evidence from dozens of central banks across the developed and developing worlds, this book shows that monetary policy agents are not all the same. Molded by specific professional and sectoral backgrounds and driven by career concerns, central bankers with different career trajectories choose predictably different monetary policies. These differences undermine the widespread belief that central bank independence is a neutral solution for macroeconomic management. Instead, through careful selection and retention of central bankers, partisan governments can and do influence monetary policy - preserving a political trade-off between inflation and real economic performance even in an age of legally independent central banks.
Download or read book The Political Economy of Central Banking in Emerging Economies written by Mustafa Yağcı and published by Routledge. This book was released on 2022-04-29 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central banks are at the heart of economic policy making and their decisions have a significant impact on the social and economic well-being of citizens. This book extends the research on the political economy of central banking by focusing on the emerging economies in Asia, Africa, Latin America, and the European periphery.
