The changing fortunes of central banking
Understanding the changing role of central banks and their recent novel policies is essential for analysing many economic and financial issues, ranging from financial regulation and crisis, to exchange rate dynamics and regime changes, and QE and prolonged low interest rates. This book features cont...
| Other Authors: | , , |
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| Format: | eBook |
| Language: | English |
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Cambridge
Cambridge University Press
2018
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| Subjects: | |
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| Collection: | Cambridge Books Online - Collection details see MPG.ReNa |
Table of Contents:
- Machine generated contents note: 1. Introduction and overview Philipp Hartmann, Haizhou Huang and Dirk Schoenmaker; Part I. Monetary Economics and Policy: 2. Money: how could economists do without it? Mervyn King; 3. Monetary control in the UK: the impossible dream? Forrest Capie and Geoffrey Wood; 4. Pristine and parsimonious policy: can central banks ever get back to it and why they should try Paul Tucker; 5. Central bank talk about future monetary policy: lessons from the crisis and beyond Donald Kohn; 6. Bank capital and monetary policy transmission Hyun Song Shin; 7. When are central banks more likely to target asset prices? Haizhou Huang; Part II. Financial Stability and Regulatory Policy: 8. The macroprudential toolkit Richard Berner; 9. Three cooks or three wise men? The interplay between monetary, macroprudential and microprudential policies in supporting financial stability Jose Vinals, Tommaso Mancini-Griffoli and Erlend Nier; 10.
- Liquidity, default and the interaction of financial stability and monetary policy Dimitrios Tsomocos, Udara Peiris and Alexandros Vardoulakis; 11. Systemic risk quantification for macroprudential stress testing Miguel Segoviano and Raphael Espinoza; 12. What binds? Interactions between bank capital and liquidity regulations Anil Kashyap and Stephen Cecchetti; 13. Is burden sharing needed for financial stability? Dirk Schoenmaker; Part III. Foreign Exchanges and International Architecture: 14. The case for (and requirements of) monetary unions Charles Wyplosz; 15. Machines versus humans: will human forex dealers become extinct? Takatoshi Ito; 16. The case for flexible exchange rates revisited Robert Aliber; 17. Cross-border banking and monetary independence: difficult partners Marcus Miller; 18. International liquidity Philipp Hartmann; Part IV. The Millennium Challenges of Central Banks: 19. Overburdened central banks - can independence survive? Ottmar Issing; 20.
- Central banks, national balance sheets and global balance Andrew Sheng; 21. Recognising the economy as a complex, adaptive system: implications for central banks William White; 22. The changing fortunes of central banking Charles Goodhart