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Author: Charles Albert Eric Goodhart
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 46
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Book Description
Author: Charles Albert Eric Goodhart
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 46
Get Book Here
Book Description
Author: New York University Stern School of Business
Publisher: John Wiley & Sons
ISBN: 0470499346
Category : Business & Economics
Languages : en
Pages : 416
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Book Description
An insightful look at how to reform our broken financial system The financial crisis that unfolded in September 2008 transformed the United States and world economies. As each day's headlines brought stories of bank failures and rescues, government policies drawn and redrawn against the backdrop of an historic Presidential election, and solutions that seemed to be discarded almost as soon as they were proposed, a group of thirty-three academics at New York University Stern School of Business began tackling the hard questions behind the headlines. Representing fields of finance, economics, and accounting, these professors-led by Dean Thomas Cooley and Vice Dean Ingo Walter-shaped eighteen independent policy papers that proposed market-focused solutions to the problems within a common framework. In December, with great urgency, they sent hand-bound copies to Washington. Restoring Financial Stability is the culmination of their work. Proposes bold, yet principled approaches-including financial policy alternatives and specific courses of action-to deal with this unprecedented, systemic financial crisis Created by the contributions of various academics from New York University's Stern School of Business Provides important perspectives on both the causes of the global financial crisis as well as proposed solutions to ensure it doesn't happen again Contains detailed evaluations and analyses covering many spectrums of the marketplace Edited by Matthew Richardson and Viral Acharya, this reliable resource brings together the best thinking of finance and economics from the faculty of one of the top universities in world.
Author: International Monetary Fund. External Relations Dept.
Publisher: International Monetary Fund
ISBN: 1616355255
Category : Business & Economics
Languages : en
Pages : 40
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Book Description
The future of finance, and in particular saving it from a popular backlash against the global financial crisis and related crisis management policies, has become a matter of great concern. In this brochure, which presents in written form a lecture from the Per Jacobsson Foundation’s lecture series, former Reserve Bank of India Governor Y. V. Reddy explores three interrelated issues of particular concern to central bankers in the search for good finance for the future: how to ensure that the financial sector serves the society better, how to integrate financial sector policies better with national economic policies, and how to ensure that the financial industry functions as a means and not as an end in itself. The question-and-answer session following the lecture is also included in the brochure.
Author: Mr.Timothy Geithner
Publisher: International Monetary Fund
ISBN: 1484325885
Category : Business & Economics
Languages : en
Pages : 54
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Book Description
The choices we make in advance of the next financial crisis will have a major impact in determining the magnitude of the economic damage. Our vulnerability to crisis depends on the strength of the protections we build into the financial system through prudential regulation, as well as on the degrees of freedom we create for ourselves to respond to the unanticipated, and the knowledge and experience we bring in managing crises. Is the financial system safer today? With the reforms now in place and with the memory of the crisis still fresh, how confident should we feel about the resilience of the financial system and our ability to protect the US economy from a major financial crisis? Warburg Pincus President and former US Secretary of the Treasury Timothy Geithner attempts to answer these questions in his October 2016 Per Jacobsson Lecture.
Author: International Monetary Fund. Communications Department
Publisher: International Monetary Fund
ISBN: 149834254X
Category : Business & Economics
Languages : en
Pages : 30
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Book Description
As the Federal Reserve’s statutory objectives are defined as specific goals for the U.S. economy—to pursue maximum sustainable employment and price stability—and its policy decisions are targeted to achieve these dual objectives, there might seem to be little need for its policymakers to pay attention to developments outside the United States. But such an inference would be incorrect: the state of the U.S. economy is significantly affected by the state of the world economy, and of course, actions taken by the Federal Reserve influence economic conditions abroad, which in turn spill back on the evolution of the U.S. economy and therefore must be taken into account in the Federal Reserve’s monetary policy choices. This Per Jacobsson Lecture first reviews the effect of the Federal Reserve’s monetary policies on the rest of the global economy, particularly emerging market economies. It then addresses prospective outcomes and possible risks associated with the normalization of the Federal Reserve’s policies. Finally, it discusses the Federal Reserve’s responsibilities in the world economy.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1475582056
Category : Business & Economics
Languages : en
Pages : 58
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Book Description
Since the grave disruption of the subprime market at the start of the global financial crisis triggered major turbulences in the functioning of money markets in all large advanced economies, central bankers have experienced extraordinarily demanding and difficult times, characterized by a succession of shocks unseen, in the advanced economies, since World War II. Given the structurally very different economies that central banks were dealing with, one could have expected that the shock of the crisis would have accentuated their differences and given rise to an even more diverse setof central bank policies, conceptual references, and measures in a selfish, inward-looking mode. Instead, however, a phenomenon of “practical and conceptual rapprochement” took place between central banks, amidst the economic and financial turmoil, with the closest central bank cooperation ever, as symbolically illustrated by the coordinated decrease of interest rates in October 2008. The crisis also started or accelerated a multidimensional process of convergence of key elements of monetary policy thinking and policymaking—“conceptual convergence”—that is far from being achieved, but calls for great attention from both academia and policymakers. This Per Jacobsson Lecture concentrates on this convergence process, reflecting as well on some theoretical and practical issues that are associated with unconventional monetary policy liquidity and quantitative measures and the forward guidance generalization, themselves part of the conceptual convergence phenomenon.
Author: Ms.Carmen Reinhart
Publisher: International Monetary Fund
ISBN: 1484313860
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
Latin America: Outlook and Challenges Ahead
Author: Editor : Sona Kapila
Publisher: Academic Foundation
ISBN: 9788171884766
Category :
Languages : en
Pages : 206
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Book Description
Author: Gerard Caprio
Publisher: Academic Press
ISBN: 0123978750
Category : Business & Economics
Languages : en
Pages : 547
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Book Description
Political and social forces exert pressure on our globalized economy in many forms, from formal and informal policies to financial theories and technical models. Our efforts to shape and direct these forces to preserve financial stability reveal much about the ways we perceive the financial economy. The Handbook of Safeguarding Global Financial Stability examines our political economy, particularly the ways in which these forces inhabit our institutions, strategies, and tactics. As economies expand and contract, these forces also determine the ways we supervise and regulate. This high-level examination of the global political economy includes articles about specific countries, crises, and international systems as well as broad articles about major concepts and trends.. Substantial articles by top scholars sets this volume apart from other information sources Diverse international perspectives result in new opportunities for analysis and research Rapidly developing subjects will interest readers well into the future
Author: Great Britain. Parliament. House of Commons. Treasury Committee
Publisher: The Stationery Office
ISBN: 9780215523617
Category : Business & Economics
Languages : en
Pages : 234
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Book Description
This report follows on from the Committee's report on the crisis at Northern Rock (5th report, HC 56-I, ISBN 9780215038388) and the lessons to be learned by the Treasury, the Financial Services Authority (FSA) and the Bank of England (the Tripartite authorities). It examines legislative and practical changes that are needed. The overall case for legislative action in the field of banking regulation is compelling but the Government's preparations for new legislation may not be in place by late February 2009. The Committee recommends that the legislation provides: greater clarity about the nature and objective of "heightened supervision"; an explicit statutory power for the Bank of England to recommend to the FSA that a firm be made subject to the new Special Resolution Regime; a clear institutional separation between the executive functions of the Bank and the non-executive role of the Court of the Bank of England. Practical measures should include: the strengthening FSA's capacity to regulate; the Tripartite authorities must develop a communications strategy to secure public and market confidence in their new powers; and depositor protection arrangements must be developed which will function smoothly and effectively in the event of a bank failure. The Committee makes recommendations on "heightened supervision" and the Special Resolution Regime, identifies priorities for reform of the Financial Services Compensation Scheme to protect depositors, and sets out proposals for strengthening the Bank of England. The new Tripartite Standing Committee must assume a central and continuing role in the financial stability work of the authorities at all time.
