Monetary Policy, Financial Stability, and Central Banking in India

Monetary Policy, Financial Stability, and Central Banking in India PDF Author: Narendra Jadhav
Publisher: Macmillan
ISBN: 9781403929020
Category : Business & Economics
Languages : en
Pages : 402

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Book Description
The book covers an extensive canvas of macroeconomic thinking, monetary matters and the changing face of central banking the world over, with special reference to India. Interestingly, it also deals with fundamentals of finance in some detail which is cru

Monetary Policy, Financial Stability, and Central Banking in India

Monetary Policy, Financial Stability, and Central Banking in India PDF Author: Narendra Jadhav
Publisher: Macmillan
ISBN: 9781403929020
Category : Business & Economics
Languages : en
Pages : 402

Get Book Here

Book Description
The book covers an extensive canvas of macroeconomic thinking, monetary matters and the changing face of central banking the world over, with special reference to India. Interestingly, it also deals with fundamentals of finance in some detail which is cru

The Federal Reserve System Purposes and Functions

The Federal Reserve System Purposes and Functions PDF Author: Board of Governors of the Federal Reserve System
Publisher:
ISBN: 9780894991967
Category : Banks and Banking
Languages : en
Pages : 0

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Book Description
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.

Unelected Power

Unelected Power PDF Author: Paul Tucker
Publisher: Princeton University Press
ISBN: 0691196303
Category : Business & Economics
Languages : en
Pages : 662

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Book Description
Tucker presents guiding principles for ensuring that central bankers and other unelected policymakers remain stewards of the common good.

Bank Leverage and Monetary Policy's Risk-Taking Channel

Bank Leverage and Monetary Policy's Risk-Taking Channel PDF Author: Mr.Giovanni Dell'Ariccia
Publisher: International Monetary Fund
ISBN: 1484381130
Category : Business & Economics
Languages : en
Pages : 41

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Book Description
We present evidence of a risk-taking channel of monetary policy for the U.S. banking system. We use confidential data on the internal ratings of U.S. banks on loans to businesses over the period 1997 to 2011 from the Federal Reserve’s survey of terms of business lending. We find that ex-ante risk taking by banks (as measured by the risk rating of the bank’s loan portfolio) is negatively associated with increases in short-term policy interest rates. This relationship is less pronounced for banks with relatively low capital or during periods when banks’ capital erodes, such as episodes of financial and economic distress. These results contribute to the ongoing debate on the role of monetary policy in financial stability and suggest that monetary policy has a bearing on the riskiness of banks and financial stability more generally.

Staff Guidance Note on Macroprudential Policy

Staff Guidance Note on Macroprudential Policy PDF Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1498342620
Category : Business & Economics
Languages : en
Pages : 45

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Book Description
This note provides guidance to facilitate the staff’s advice on macroprudential policy in Fund surveillance. It elaborates on the principles set out in the “Key Aspects of Macroprudential Policy,” taking into account the work of international standard setters as well as the evolving country experience with macroprudential policy. The main note is accompanied by supplements offering Detailed Guidance on Instruments and Considerations for Low Income Countries

The Economic Effects of COVID-19 Containment Measures

The Economic Effects of COVID-19 Containment Measures PDF Author: Pragyan Deb
Publisher:
ISBN: 9781513550251
Category :
Languages : en
Pages : 44

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Book Description
Containment measures are crucial to halt the spread of the 2019 COVID-19 pandemic but entail large short-term economic costs. This paper tries to quantify these effects using daily global data on real-time containment measures and indicators of economic activity such as Nitrogen Dioxide (NO2) emissions, flights, energy consumption, maritime trade, and mobility indices. Results suggest that containment measures have had, on average, a very large impact on economic activity--equivalent to a loss of about 15 percent in industrial production over a 30-day period following their implementation. Using novel data on fiscal and monetary policy measures used in response to the crisis, we find that these policy measures were effective in mitigating some of these economic costs. We also find that while workplace closures and stay-at-home orders are more effective in curbing infections, they are associated with the largest economic costs. Finally, while easing of containment measures has led to a pickup in economic activity, the effect has been lower (in absolute value) than that from the tightening of measures.

Research Handbook on Central Banking

Research Handbook on Central Banking PDF Author: Peter Conti-Brown
Publisher: Edward Elgar Publishing
ISBN: 1784719226
Category : Banks and banking, Central
Languages : en
Pages : 589

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Book Description
Central banks occupy a unique space in their national governments and in the global economy. The study of central banking however, has too often been dominated by an abstract theoretical approach that fails to grasp central banks’ institutional nuances. This comprehensive and insightful Handbook, takes a wider angle on central banks and central banking, focusing on the institutions of central banking. By 'institutions', Peter Conti-Brown and Rosa Lastra refer to the laws, traditions, norms, and rules used to structure central bank organisations. The Research Handbook on Central Banking’s institutional approach is one of the most interdisciplinary efforts to consider its topic, and includes chapters from leading and rising central bankers, economists, lawyers, legal scholars, political scientists, historians, and others.

Central Banks at a Crossroads

Central Banks at a Crossroads PDF Author: Michael D. Bordo
Publisher: Cambridge University Press
ISBN: 1107149665
Category : Business & Economics
Languages : en
Pages : 719

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Book Description
This book discusses the role of central banks and draws lessons from examining their evolution over the past two centuries.

Bankers, Bureaucrats, and Central Bank Politics

Bankers, Bureaucrats, and Central Bank Politics PDF Author: Christopher Adolph
Publisher: Cambridge University Press
ISBN: 110703261X
Category : Business & Economics
Languages : en
Pages : 389

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Book Description
Adolph illustrates the policy differences between central banks run by former bankers relative to those run by bureaucrats.

Central Banking in Latin America

Central Banking in Latin America PDF Author: Mr.Luis Ignacio Jácome
Publisher: International Monetary Fund
ISBN: 1484303180
Category : Business & Economics
Languages : en
Pages : 57

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Book Description
This paper provides a brief historical journey of central banking in Latin America to shed light on the debate about monetary policy in the post-global financial crisis period. The paper distinguishes three periods in Latin America’s central bank history: the early years, when central banks endorsed the gold standard and coped with the collapse of this monetary system; a second period, in which central banks turned into development banks under the aegis of governments at the expense of increasing inflation; and the “golden years,” when central banks succeeded in preserving price stability in an environment of political independence. The paper concludes by cautioning against overburdening central banks in Latin America with multiple mandates as this could end up undermining their hard-won monetary policy credibility.