Central Banking Theory and Practice in Sustaining Monetary and Financial Stability
Understand the theories and interpret the actions of modern central banks Central Banking takes a comprehensive look at the topic of central banking, and provides readers with an understanding and insights into the roles and functions of modern central banks in advanced as well as emerging economies...
| Autor principal: | |
|---|---|
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Somerset :
Wiley
2014.
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| Edición: | 1st edition |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009629566706719 |
Tabla de Contenidos:
- Contents; Title; Copyright; Dedication; Preface; Acknowledgments; About the Author; Part One: An Introduction to Central Banking; Chapter 1: A Brief Look at Central Banking History; 1.1 Prior to Central Banking; 1.2 Coin Sorting and Storing; 1.3 Banknote Issuance; 1.4 Banker to the Government; 1.5 Banker to Banks; 1.6 Protector of the Financial System: Lender of Last Resort; 1.7 Bank Supervisor; 1.8 Conductor of Monetary Policy; 1.9 The Current Stage of Central Banking; Summary; Key Terms; Questions; Notes; Chapter 2: A Brief Overview of the International Monetary System
- 2.1 Evolution of the International Monetary System: Before the end of World War II2.2 Evolution of the International Monetary System: The Bretton Woods System; 2.3 After Bretton Woods; 2.4 Going Forward; Summary; Key Terms; Questions; Notes; Chapter 3: Modern Central Banking Roles and Functions: What Exactly Is a Central Bank?; 3.1 Modern Central Banking: An Overview of Roles and Functions; 3.2 To Supervise Banks or Not?; 3.3 So What Exactly is a Modern Central Bank After All?; Summary; Key Terms; Questions; Notes
- Chapter 4: A Brief Review of Modern Central Banking Mandates: What Are the Goals That Modern Central Banks Try to Achieve?4.1 An Overview of Modern Central Banking Mandates; 4.2 Monetary Stability; 4.3 Financial Stability; 4.4 Full Employment; 4.5 Balancing Among the Three Mandates; Summary; Key Terms; Questions; Notes; Part Two: Monetary Stability; Chapter 5: Theoretical Foundations of the Practice of Modern Monetary Policy; 5.1 An Overview of Theoretical Foundations; 5.2 The Quantity Theory of Money; 5.3 The Phillips Curve; 5.4 The Natural Rate of Unemployment; 5.5 Rational Expectations
- 5.6 Time Inconsistency Problem5.7 Taking Them All Together; Summary; Key Terms; Questions; Notes; Chapter 6: Monetary Policy Regimes: What Monetary Policy Rules a Central Bank Can Use to Achieve Monetary Stability; 6.1 An Overview of Monetary Policy Rules or Monetary Policy Regimes; 6.2 Exchange Rate Targeting; 6.3 Money Supply Growth Targeting; 6.4 The Risk Management Approach; 6.5 Inflation Targeting; 6.6 Unconventional Monetary Policy; Summary; Key Terms; Questions; Notes; Chapter 7: Monetary Policy Implementation: Financial Market Operations
- 7.1 Central Bank Operations in the Financial Market: an Overview7.2 Transmission of Money Market Interest Rates to Other Interest Rates in the Economy; 7.3 Monetary Policy and the Yield Curve; Summary; Key Terms; Questions; Notes; Chapter 8: The Monetary Policy Transmission Mechanism: How Changes in Interest Rates Affect Households, Firms, Financial Institutions, Economic Activity, and Inflation; 8.1 Monetary Policy and Households' Behavior; 8.2 Monetary Policy and Firms' Behavior; 8.3 Expectations and Second-Round Effects on Household and Firm Behavior
- 8.4 Monetary Policy and Financial Institutions
