Central Bank Independence Targets And Credibility
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Central Bank Independence Targets And Credibility
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Author : Francesco Lippi
language : en
Publisher: Edward Elgar Publishing
Release Date : 1999-01-27
Central Bank Independence Targets And Credibility written by Francesco Lippi and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-01-27 with Business & Economics categories.
This book integrates new political and economic elements into the analysis of monetary policy credibility and central bank independence. The author considers imperfect monetary control, rational voters, distributional issues and uncertainty about future policy objectives in his welfare analysis of central banking. The role played by the different institutional elements that contribute to the making of an independent central bank is also assessed. A distinction is made between central bank independence and targets offering new insights into how a more inflation averse monetary policy may actually be achieved. Finally, explanations for the variation of central bank independence and conservatism across different countries are provided. This book will appeal to researchers, academics and policy makers in the fields of monetary policy, financial economics, money and banking and political economy.
Credibility Of Central Bank Independence Revisited
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Author : Mr.Timo Valila
language : en
Publisher: International Monetary Fund
Release Date : 1999-01-01
Credibility Of Central Bank Independence Revisited written by Mr.Timo Valila and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-01-01 with Business & Economics categories.
The specific role of central bank independence in determining the overall credibility of monetary policy is addressed in this paper. It is argued that the credibility of delegating monetary policy to an independent central bank is endogenous to the credibility of the inflation target because a “conservative” inflation target may not be compatible with the fiscal policy stance. Also, lack of transparency in designing the institutional set-up is shown to be welfare-reducing.
Central Bank Strategy Credibility And Independence
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Author : Alex Cukierman
language : en
Publisher: MIT Press
Release Date : 1992
Central Bank Strategy Credibility And Independence written by Alex Cukierman and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Business & Economics categories.
This book brings together a large body of Cukierman's research and integrates it with recent developments in the political economy of monetary policy.
Central Bank Independence
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1991-06-01
Central Bank Independence written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-06-01 with Business & Economics categories.
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.
Institutions And Monetary Policy
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Author : Eric Schaling
language : en
Publisher: Edward Elgar Publishing
Release Date : 1995
Institutions And Monetary Policy written by Eric Schaling and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Business & Economics categories.
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.
Central Bank Independence And The Conduct Of Monetary Policy In The United Kingdom
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Author : Mr.Jan Kees Martijn
language : en
Publisher: International Monetary Fund
Release Date : 1999-12-01
Central Bank Independence And The Conduct Of Monetary Policy In The United Kingdom written by Mr.Jan Kees Martijn and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-12-01 with Business & Economics categories.
The U.K. monetary policy framework, which combines inflation targeting with operational independence, provides a suitable arrangement for focused and credible monetary policy. However, potential weaknesses could result from features that have not yet been fully tested: the credibility and transparency of the inflation forecasts, which form the core of policy decisions, have diminished as a result of independence; and the framework could encourage excessive activism and frequent changes in interest rates. Although policy coordination could also suffer from independence, the new partly rules-based fiscal and monetary regimes will promote overall macroeconomic stability.
Central Banking As Global Governance
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Author : Rodney Bruce Hall
language : en
Publisher: Cambridge University Press
Release Date : 2008-12-04
Central Banking As Global Governance written by Rodney Bruce Hall and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-04 with Business & Economics categories.
An original analysis of central banking as global governance, developing the social relations of money, credit, and debt.
Building Credible Central Banks
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Author : N. Tshiani
language : en
Publisher: Springer
Release Date : 2008-08-14
Building Credible Central Banks written by N. Tshiani and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-08-14 with Business & Economics categories.
A credible central bank can effectively lead the process of financial sector reform in a developing country. This book discusses central banking issues and offers a clear path to building credible central banks in emerging economies.
Monetary Policy Frameworks In A Global Context
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Author : Lavan Mahadeva
language : en
Publisher: Routledge
Release Date : 2012-11-12
Monetary Policy Frameworks In A Global Context written by Lavan Mahadeva and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-11-12 with Business & Economics categories.
This broad-ranging collection assesses the links between targets and central bank independence, accountability and the transparency of monetary policy. Renowned experts contribute to this original and comprehensive text which will be of great value to professional economists and students of economics and banking alike. Monetary Policy Frameworks in a Global Context was named Book of the Year, 2000 by Central Banking journal
Central Banking In Transition Countries
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Author : Mr.Helmut Wagner
language : en
Publisher: International Monetary Fund
Release Date : 1998-08-01
Central Banking In Transition Countries written by Mr.Helmut Wagner and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-08-01 with Business & Economics categories.
In the 1990s, the issues of central banking and central bank independence have gained increasing attention, in part owing to the role of the future European central bank, but also owing to the emergence of transition countries and the role of central banks in these countries. The main focus of the paper is on the preconditions of disinflation and successful stability policy in transition countries, paying special attention to the institutional requirements and to the choice of nominal anchors.