Monetary Finance Do Not Touch Or Handle With Care

Author : Mr. Itai Agur
Publisher : International Monetary Fund
ISBN 13 : 1513592548
Total Pages : 47 pages
Book Rating : 4.41/5 ( download)

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Download or read book Monetary Finance: Do Not Touch, Or Handle with Care? written by Mr. Itai Agur and published by International Monetary Fund. This book was released on 2022-01-13 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the theoretical arguments in favor and against MF and presents an empirical assessment of the risks that it may pose for inflation.

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264365001
Total Pages : 199 pages
Book Rating : 4.01/5 ( download)

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Download or read book OECD Sovereign Borrowing Outlook 2022 written by OECD and published by OECD Publishing. This book was released on 2022-05-11 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edition of the OECD Sovereign Borrowing Outlook reviews the impact of the COVID-19 crisis for sovereign borrowing needs, funding conditions and funding strategies as well as outstanding debt for 2020 and 2021, and provides projections for 2022 for the OECD area.

Author : Sylvio Kappes
Publisher : Edward Elgar Publishing
ISBN 13 : 1800371934
Total Pages : 302 pages
Book Rating : 4.34/5 ( download)

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Download or read book Central Banking, Monetary Policy and Income Distribution written by Sylvio Kappes and published by Edward Elgar Publishing. This book was released on 2023-03-02 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part of The Elgar Series on Central Banking and Monetary Policy, this book explores the relationship between central banking, monetary policy and income distribution. The usual central bank mandate – that of exclusively fighting inflation – is being increasingly questioned by policymakers and academics. Many countries are finding that there is a need for broader mandates that will have an impact on economic activity, unemployment and other economic issues.

Author : Ioanna T. Kokores
Publisher : Springer Nature
ISBN 13 : 3031419588
Total Pages : 255 pages
Book Rating : 4.84/5 ( download)

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Download or read book Monetary Policy in Interdependent Economies written by Ioanna T. Kokores and published by Springer Nature. This book was released on 2023-10-04 with total page 255 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the challenges faced by central banks in the aftermath of the global financial crisis and the events that followed. It further emphasises the asymmetries in the transmission of monetary policy in the Eurozone economies and among major advanced economies. The book also highlights the advances in the monetary policy debate towards an efficient resource allocation. The author argues that the canonical model of macroeconomic stabilization, which assigns the main burden of stabilization to monetary policy, is outdated primarily because of the absence of financial frictions. Further, she highlights the urgency of pushing risky activities outside the perimeters of regulation in face of rapidly evolving financial markets. The book provides an analytical framework in the context of intense globalisation and increased interdependence across economies, irrespective of the recent re-examining of supply-chains and trade relationships, as well as a policy framework thoroughly amended after the global financial crisis and the crises that followed it. Presenting policy proposals, the book discusses how policymakers must try to develop a set of policies that the public will have confidence in and take into account in forming expectations about future inflation and spending. It will be useful to central banking practitioners, monetary and fiscal policymakers, as well as students and scholars in economics and, in particular, financial economics.

Author : Manuela Moschella
Publisher : Cornell University Press
ISBN 13 : 1501774875
Total Pages : 125 pages
Book Rating : 4.74/5 ( download)

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Download or read book Unexpected Revolutionaries written by Manuela Moschella and published by Cornell University Press. This book was released on 2024-05-15 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Unexpected Revolutionaries, Manuela Moschella investigates the institutional transformation of central banks from the 1970s to the present. Central banks are typically regarded as conservative, politically neutral institutions that uphold conventional macroeconomic wisdom. Yet in the wake of the 2008 global financial crisis and the 2020 COVID-19 crisis, central banks have upended observer expectations by implementing largely unknown and unconventional monetary policies. Far from abiding by well-established policy playbooks, central banks now engage in practices such as providing liquidity support for a wide range of financial institutions and quantitative easing. They have even stretched the remit of monetary policy into issues such as inequality and climate change. Moschella argues that the political nature of central banks lies at the heart of these transformations. While formally independent, central banks need political support to justify their policies and powers, and to obtain it, they carefully manage their reputation among their audienceselected officials, market actors, and citizens. Challenged by reputational threats brought about by twenty-first-century recessionary and deflationary forces, central banks such as the Federal Reserve System and the European Central Bank strategically deviated from orthodox monetary policies to preempt or manage political backlash and to regain public trust. Central banks thus evolved into a new role only in coordination with fiscal authorities and on the back of public contestation. Eye-opening and insightful, Unexpected Revolutionaries is necessary reading for discussions on the future of the neoliberal macroeconomic regime, the democratic oversight of monetary policymaking, and the role that central banks canor cannotplay in our domestic economies.

Author : Eduardo Garzón Espinosa
Publisher : Taylor & Francis
ISBN 13 : 1003860281
Total Pages : 196 pages
Book Rating : 4.80/5 ( download)

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Download or read book Modern Monetary Theory written by Eduardo Garzón Espinosa and published by Taylor & Francis. This book was released on 2024-03-05 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a rigorous, detailed, and balanced analysis of the various contributions to the Modern Monetary Theory (MMT) debate, incorporating both the arguments of proponents and those who point to its limitations and obstacles. Modern Monetary Theory has soared in popularity, particularly in response to the Covid-19 pandemic and subsequent impacts on the economy which have led to deeper discussions about monetary and financial systems, fiscal and monetary policies, inflation, and employment. The main characteristic of Modern Monetary Theory is that it offers a revolutionary way of thinking about all these issues, allowing us to abandon many of the myths that conventional economic theory installed in the collective imagination. Breaking down these false beliefs is an essential requirement for thinking and devising economic policy proposals that allow full employment to be achieved without suffering worrying inflation rates. However, this approach has also attracted many criticisms and it is also instructive to consider these in more detail to reach a fully rounded conclusion about the potential or merits of MMT. Written to be accessible to the non-economist, this book will be of great interest to readers from across the social sciences, and outside of academia who want to gain a fuller understanding of the Modern Monetary Theory phenomenon.

Author : Sascha Buetzer
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.49/5 ( download)

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Download or read book Advancing the Monetary Policy Toolkit Through Outright Transfers written by Sascha Buetzer and published by International Monetary Fund. This book was released on 2022-05-06 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper argues that in reserve currency issuing economies at the effective lower bound, outright transfers from the central bank to households are both more equitable and more effective in achieving monetary policy objectives than asset purchases or negative interest rates. It shows that concerns pertaining to central banks’ policy solvency and equity position can be addressed through a careful assessment of a central bank's loss absorbing capacity and, if need be, tiered reserve remuneration policies. It also spells out key differences to a debt or money financed fiscal stimulus, which are particularly pronounced in a currency union without a central fiscal capacity. The paper concludes by discussing broader institutional, political, and legal considerations.

Author : John Hooley
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.85/5 ( download)

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Download or read book Quasi-Fiscal Implications of Central Bank Crisis Interventions written by John Hooley and published by International Monetary Fund. This book was released on 2023-06-02 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a stylized balance sheet framework to help identify ‘quasi-fiscal’ components of central bank crisis interventions and show how sources of fiscal risk are created from both the new claims and how they are funded. Combining central bank balance sheet data with survey evidence from intervention announcements, we document the risks to the public sector balance sheet from central banks’ interventions in response to the Covid-19 crisis, including non-conventional lending to the financial and non-financial sectors and large-scale purchases of government securities. Case study analysis indicates that management of fiscal risks from central bank crisis interventions varies greatly across countries, although several good practices can be identified.

Author : INTERNATIONAL MONETARY FUND.
Publisher : International Monetary Fund
ISBN 13 : 1513577522
Total Pages : 172 pages
Book Rating : 4.24/5 ( download)

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Download or read book World Economic Outlook, October 2021 written by INTERNATIONAL MONETARY FUND. and published by International Monetary Fund. This book was released on 2021-10-12 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global recovery continues but the momentum has weakened, hobbled by the pandemic. Fueled by the highly transmissible Delta variant, the recorded global COVID-19 death toll has risen close to 5 million and health risks abound, holding back a full return to normalcy. Pandemic outbreaks in critical links of global supply chains have resulted in longer-than-expected supply disruptions, further feeding inflation in many countries. Overall, risks to economic prospects have increased, and policy trade-offs have become more complex.

Author : Stephen Davis
Publisher : Yale University Press
ISBN 13 : 0300223811
Total Pages : 297 pages
Book Rating : 4.11/5 ( download)

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Download or read book What They Do With Your Money written by Stephen Davis and published by Yale University Press. This book was released on 2016-05-24 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Each year we pay billions in fees to those who run our financial system. The money comes from our bank accounts, our pensions, our borrowing, and often we aren’t told that the money has been taken. These billions may be justified if the finance industry does a good job, but as this book shows, it too often fails us. Financial institutions regularly place their business interests first, charging for advice that does nothing to improve performance, employing short-term buying strategies that are corrosive to building long-term value, and sometimes even concealing both their practices and their investment strategies from investors. In their previous prizewinning book, The New Capitalists, the authors demonstrated how ordinary people are working together to demand accountability from even the most powerful corporations. Here they explain how a tyranny of errant expertise, naive regulation, and a misreading of economics combine to impose a huge stealth tax on our savings and our economies. More important, the trio lay out an agenda for curtailing the misalignments that allow the financial industry to profit at our expense. With our financial future at stake, this is a book that analysts, economists, policy makers, and anyone with a retirement nest egg can’t afford to ignore.