Central Bank Independence And Monetary Stability
Download Central Bank Independence And Monetary Stability full books in PDF, epub, and Kindle. Read online free Central Bank Independence And Monetary Stability ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Central Bank Independence and Monetary Stability
Author | : Otmar Issing |
Publsiher | : Unknown |
Total Pages | : 42 |
Release | : 1993 |
Genre | : Business & Economics |
ISBN | : STANFORD:36105008929387 |
Download Central Bank Independence and Monetary Stability Book in PDF, Epub and Kindle
Central bank independence is now a major issue in debates about institutional reforms designed to improve economic performance. Professor Issing's paper is notable for its scholarly discussion of the meaning of 'independence' and his analysis of its effects. Moreover, because of his position inside the Bundesbank which is among the most independent of central banks and which provides a model for the constitution of the proposed European Central Bank he writes with a degree of expertise not available to most authors. Interest in central bank independence arose from the world-wide acceleration of inflation in the 1 970s which stimulated interest in means of 'anchoring' anti-inflation policy. Germany was in advance of other countries in recognising the importance of price stability and es-tablishing an institution to produce it, making the Bundesbank independent in 1957. Professor Issing argues that when independence is coupled with a price stability objective, economic performance appears to improve. Not only is inflation lower, but there is evidence that real growth is higher. In his view, central bank independence comes 'top of the list' of institutional arrangements designed to safeguard the stability of money.
Central Bank Independence
Author | : International Monetary Fund |
Publsiher | : International Monetary Fund |
Total Pages | : 59 |
Release | : 1991-06-01 |
Genre | : Business & Economics |
ISBN | : 9781451966428 |
Download Central Bank Independence Book in PDF, Epub and Kindle
There has been growing interest recently in the scope for promoting monetary stability through the establishment of independent central banks. This paper reviews the issues involved in central bank independence against the background of arrangements in nine countries. The analysis suggests that detailed institutional arrangements would need to be carefully designed if the potential benefits of central bank independence are to be delivered. Particularly important are the nature of arrangements to resolve various types of conflicts involving monetary policy, and arrangements to promote accountability and public monitoring of monetary policy performance.
Central Bank Independence and Macro Prudential Regulation
Author | : Mr.Kenichi Ueda,Mr.Fabian Valencia |
Publsiher | : International Monetary Fund |
Total Pages | : 27 |
Release | : 2012-04-01 |
Genre | : Business & Economics |
ISBN | : 9781475502916 |
Download Central Bank Independence and Macro Prudential Regulation Book in PDF, Epub and Kindle
We consider the optimality of various institutional arrangements for agencies that conduct macro-prudential regulation and monetary policy. When a central bank is in charge of price and financial stability, a new time inconsistency problem may arise. Ex-ante, the central bank chooses the socially optimal level of inflation. Ex-post, however, the central bank chooses inflation above the social optimum to reduce the real value of private debt. This inefficient outcome arises when macro-prudential policies cannot be adjusted as frequently as monetary. Importantly, this result arises even when the central bank is politically independent. We then consider the role of political pressures in the spirit of Barro and Gordon (1983). We show that if either the macro-prudential regulator or the central bank (or both) are not politically independent, separation of price and financial stability objectives does not deliver the social optimum.
Central Bank Independence Accountability and Transparency
Author | : B. Laurens,M. Arnone,J. Segalotto |
Publsiher | : Springer |
Total Pages | : 270 |
Release | : 2016-04-30 |
Genre | : Business & Economics |
ISBN | : 9780230282124 |
Download Central Bank Independence Accountability and Transparency Book in PDF, Epub and Kindle
This book explores three key areas of central banking and governance - autonomy, accountability and transparency. It looks at links between the areas, as well as assessing the impact of central bank autonomy on macroeconomic performance. The issues are approached from theoretical and empirical perspectives.
Institutions and Monetary Policy
Author | : Eric Schaling |
Publsiher | : Edward Elgar Publishing |
Total Pages | : 288 |
Release | : 1995 |
Genre | : Business & Economics |
ISBN | : STANFORD:36105018436050 |
Download Institutions and Monetary Policy Book in PDF, Epub and Kindle
Central bank independence is a key issue for political and monetary authorities in many countries. In this text, the author looks at the impact of different central banks on price stability and macroeconomic performance, and their optimal degree of legislative independence.
Advanced Introduction to Central Banks and Monetary Policy
Author | : de Haan, Jakob |
Publsiher | : Edward Elgar Publishing |
Total Pages | : 125 |
Release | : 2022-08-12 |
Genre | : Business & Economics |
ISBN | : 9781839104879 |
Download Advanced Introduction to Central Banks and Monetary Policy Book in PDF, Epub and Kindle
Written by two expert economists, this comprehensive Advanced Introduction provides a thorough and up-to-date analysis of central banks and monetary policy, analysing the ways in which views about monetary policy have developed and changed.
Central Banks at a Crossroads
Author | : Michael D. Bordo,Øyvind Eitrheim,Marc Flandreau,Jan F. Qvigstad |
Publsiher | : Cambridge University Press |
Total Pages | : 719 |
Release | : 2016-06-09 |
Genre | : Business & Economics |
ISBN | : 9781107149663 |
Download Central Banks at a Crossroads Book in PDF, Epub and Kindle
This book discusses the role of central banks and draws lessons from examining their evolution over the past two centuries.
Unelected Power
Author | : Paul Tucker |
Publsiher | : Princeton University Press |
Total Pages | : 662 |
Release | : 2019-09-10 |
Genre | : Business & Economics |
ISBN | : 9780691196305 |
Download Unelected Power Book in PDF, Epub and Kindle
Tucker presents guiding principles for ensuring that central bankers and other unelected policymakers remain stewards of the common good.