Asset Prices and Monetary Policy

Asset Prices and Monetary Policy PDF Author: John Y. Campbell
Publisher: University of Chicago Press
ISBN: 0226092127
Category : Business & Economics
Languages : en
Pages : 444

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Book Description
Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals. In Asset Prices and Monetary Policy, leading scholars and practitioners probe the interaction of central banks, asset markets, and the general economy to forge a new understanding of the challenges facing policy makers as they manage an increasingly complex economic system. The contributors examine how central bankers determine their policy prescriptions with reference to the fluctuating housing market, the balance of debt and credit, changing beliefs of investors, the level of commodity prices, and other factors. At a time when the public has never been more involved in stocks, retirement funds, and real estate investment, this insightful book will be useful to all those concerned with the current state of the economy.

Asset Prices and Monetary Policy

Asset Prices and Monetary Policy PDF Author: John Y. Campbell
Publisher: University of Chicago Press
ISBN: 0226092127
Category : Business & Economics
Languages : en
Pages : 444

Get Book Here

Book Description
Economic growth, low inflation, and financial stability are among the most important goals of policy makers, and central banks such as the Federal Reserve are key institutions for achieving these goals. In Asset Prices and Monetary Policy, leading scholars and practitioners probe the interaction of central banks, asset markets, and the general economy to forge a new understanding of the challenges facing policy makers as they manage an increasingly complex economic system. The contributors examine how central bankers determine their policy prescriptions with reference to the fluctuating housing market, the balance of debt and credit, changing beliefs of investors, the level of commodity prices, and other factors. At a time when the public has never been more involved in stocks, retirement funds, and real estate investment, this insightful book will be useful to all those concerned with the current state of the economy.

Financial Stability Monitoring

Financial Stability Monitoring PDF Author: Tobias Adrian
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
In a recently released New York Fed staff report, we present a forward-looking monitoring program to identify and track time-varying sources of systemic risk.

Central Banking, Asset Prices and Financial Fragility

Central Banking, Asset Prices and Financial Fragility PDF Author: Éric Tymoigne
Publisher: Routledge
ISBN: 1135976732
Category : Business & Economics
Languages : en
Pages : 337

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Book Description
In this book Tymoigne argues that financial stability should be the sole goal of central banks and suggests an alternative to the inflation targeting framework showing how interest-rate policy can help to solve some of the problems faced by central bankers.

Financial Soundness Indicators for Financial Sector Stability in Viet Nam

Financial Soundness Indicators for Financial Sector Stability in Viet Nam PDF Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292570900
Category : Business & Economics
Languages : en
Pages : 117

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Book Description
Financial soundness indicators (FSIs) are methodological tools that help quantify and qualify the soundness and vulnerabilities of financial systems according to five areas of interests: capital adequacy, asset quality, earnings, liquidity, and sensitivity to market risk. With support from the Investment Climate Facilitation Fund under the Regional Cooperation and Integration Financing Facility, this report describes the development of FSIs for Viet Nam and analyzes the stability and soundness of the Vietnamese banking system by using these indicators. The key challenges to comprehensively implementing reforms and convincingly addressing the root causes of the banking sector problems include (i) assessing banks' recapitalization needs, (ii) revising classification criteria to guide resolution options, (iii) recapitalization and restructuring that may include foreign partnerships, (iv) strengthening the Vietnam Asset Management Company, (v) developing additional options to deal with nonperforming loans, (vi) tightening supervision to ensure a sound lending practice, (vii) revamping the architecture and procedures for crisis management, and (viii) strengthening financial safety nets during the reform process.

Monetary Stability as a Common Concern in International Law

Monetary Stability as a Common Concern in International Law PDF Author: Lucía Satragno
Publisher: BRILL
ISBN: 9004508732
Category : Law
Languages : en
Pages : 225

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Book Description
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.

Asset Price Bubbles

Asset Price Bubbles PDF Author: William Curt Hunter
Publisher: MIT Press
ISBN: 9780262582537
Category : Business & Economics
Languages : en
Pages : 650

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Book Description
A study of asset price bubbles and the implications for preventing financial instability.

Asset Prices and Central Bank Policy

Asset Prices and Central Bank Policy PDF Author: Stephen Giovanni Cecchetti
Publisher: Centre for Economic Policy Research
ISBN: 9781898128533
Category : Business & Economics
Languages : en
Pages : 164

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Book Description
Concludes the role of asset prices in monetary policy is one of the most important, and difficult, questions confronting central banks.

The Transformation of the European Financial System

The Transformation of the European Financial System PDF Author: Vitor Gaspar
Publisher:
ISBN: 9789291813483
Category : Banks and banking
Languages : en
Pages : 334

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Book Description


Some New Directions for Financial Stability?

Some New Directions for Financial Stability? PDF Author: Charles Albert Eric Goodhart
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 46

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Book Description


Asset Prices, Financial and Monetary Stability

Asset Prices, Financial and Monetary Stability PDF Author: Claudio E. V. Borio
Publisher:
ISBN:
Category : Assets (Accounting)
Languages : en
Pages : 48

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Book Description