Author: Athanasios Orphanides
Publisher:
ISBN:
Category : Money supply
Languages : en
Pages : 56

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Author: Mr.Ewe-Ghee Lim
Publisher: International Monetary Fund
ISBN: 1451848307
Category : Business & Economics
Languages : en
Pages : 37

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Book Description
The paper examines the experiences of countries in defining monetary aggregates, particularly those countries that have undertaken substantial redefinitions. It finds that both the functional and empirical approaches are important; and that monetary definitions tend to be dynamic in nature, becoming prone to revisions whenever the current definition no longer satisfies both criteria. While countries may adhere to both approaches, monetary definitions may still vary across countries, reflecting specific institutional settings and the requirements of the empirical approach. This finding supports the approach in the IMF's Monetary and Financial Statistics Manual of not prescribing specific definitions of broad money.

Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 1340

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Author: Michael G. Papaioannou
Publisher: Emerald Group Publishing
ISBN: 1849506027
Category : Business & Economics
Languages : en
Pages : 586

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Book Description
Contains original papers that examine various issues concerning the role, the structure and functioning of credit, currency and derivatives instruments and markets as they relate to financial crises. This title stresses the importance of the inter-linkages of these instruments and markets in promoting or hindering financial stability or crises.

Author: William A. Barnett
Publisher: MIT Press
ISBN: 0262516888
Category : Business & Economics
Languages : en
Pages : 357

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Book Description
A leading economist contends that the recent financial crisis was caused not by the failure of mainstream economics but by corrupted monetary data constructed without reference to economics. Blame for the recent financial crisis and subsequent recession has commonly been assigned to everyone from Wall Street firms to individual homeowners. It has been widely argued that the crisis and recession were caused by “greed” and the failure of mainstream economics. In Getting It Wrong, leading economist William Barnett argues instead that there was too little use of the relevant economics, especially from the literature on economic measurement. Barnett contends that as financial instruments became more complex, the simple-sum monetary aggregation formulas used by central banks, including the U.S. Federal Reserve, became obsolete. Instead, a major increase in public availability of best-practice data was needed. Households, firms, and governments, lacking the requisite information, incorrectly assessed systemic risk and significantly increased their leverage and risk-taking activities. Better financial data, Barnett argues, could have signaled the misperceptions and prevented the erroneous systemic-risk assessments. When extensive, best-practice information is not available from the central bank, increased regulation can constrain the adverse consequences of ill-informed decisions. Instead, there was deregulation. The result, Barnett argues, was a worst-case toxic mix: increasing complexity of financial instruments, inadequate and poor-quality data, and declining regulation. Following his accessible narrative of the deep causes of the crisis and the long history of private and public errors, Barnett provides technical appendixes, containing the mathematical analysis supporting his arguments.

Author: Ansgar Belke
Publisher: Springer Science & Business Media
ISBN: 3540710027
Category : Business & Economics
Languages : en
Pages : 833

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Book Description
This book integrates the fundamentals of monetary theory, monetary policy theory and financial market theory, providing an accessible introduction to the workings and interactions of globalised financial markets. Includes examples and extensive data analyses.

Author: Athanasios Orphanides
Publisher:
ISBN:
Category : Money supply
Languages : en
Pages : 52

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Author: British Library of Political and Economic Science at the London School of Economics
Publisher: Psychology Press
ISBN: 9780415127837
Category : Business & Economics
Languages : en
Pages : 658

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Book Description
The IBSS is the essential tool for librarians, university departments, research institutions and any public or private institutions whose work requires access to up-to-date and comprehensive knowledge of the social sciences.

Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 1476

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Author:
Publisher:
ISBN:
Category : Bank failures
Languages : en
Pages : 586

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