Institutional Change In The Payments System And Monetary Policy

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Institutional Change In The Payments System And Monetary Policy
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Author : Stefan W. Schmitz
language : en
Publisher: Routledge
Release Date : 2007-01-24
Institutional Change In The Payments System And Monetary Policy written by Stefan W. Schmitz and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-01-24 with Business & Economics categories.
"Central bankers worldwide welcome the recent increase of research on payment systems. This volume, providing an expert overview on this timely subject, should be required reading for us all". - Erkki Liikanen, Governor of the Bank of Finland Monetary policy has been at the centre of economic research from the early stages of economic thought, but payment system research has attracted increased academic attention only in the past decade. This book’s succeeds in merging these two so far largely separated fields. Innovative and groundbreaking, Schmitz and Woods initiate research on the interdependence of institutional change in the payments system and monetary policy, examining the different channels via which payment systems affect monetary policy. It explores important themes such as: conceptualization and methods of analysis of institutional change in the payments system determinants of institutional change in the payments system – political-economy versus technology empirics of institutional change in the retail and in the wholesale payments systems – policy initiatives and new technologies in the payments system implications of institutional change in the payments system for monetary policy and the instruments available to central banks to cope with it. The result is an accessible overview of conceptual and methodological approaches to institutional change in payment systems, and a comprehensive and yet thorough assessment of its implications for monetary policy. The insights this timely book provides will be invaluable for researchers and practitioners in the field of monetary economics.
The Future Of Payment Systems
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Author : Stephen Millard
language : en
Publisher: Routledge
Release Date : 2007-09-17
The Future Of Payment Systems written by Stephen Millard and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-09-17 with Business & Economics categories.
Drawing on wide-ranging contributions from prominent international experts and discussing some of the most pressing issues facing policy makers and practitioners in the field of payment systems today, this volume provides cutting-edge perspectives on the current issues surrounding payment systems and their future. It covers a range of continually important topics, including: the form payment systems might take in the future the risks associated with this evolution the techniques being deployed to assess these risks and the implications these risks have for the respective roles of the public and private sector. Produced in association with the Bank of England, this book is fascinating reading for practitioners and policy makers in the field of payment systems, as well as students and researchers engaged with the economics of payments and central banking policy.
Institutional Change In The Payments System And Monetary Policy
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Author : Stefan W. Schmitz
language : en
Publisher: Routledge
Release Date : 2007-01-24
Institutional Change In The Payments System And Monetary Policy written by Stefan W. Schmitz and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-01-24 with Business & Economics categories.
"Central bankers worldwide welcome the recent increase of research on payment systems. This volume, providing an expert overview on this timely subject, should be required reading for us all". - Erkki Liikanen, Governor of the Bank of Finland Monetary policy has been at the centre of economic research from the early stages of economic thought, but payment system research has attracted increased academic attention only in the past decade. This book’s succeeds in merging these two so far largely separated fields. Innovative and groundbreaking, Schmitz and Woods initiate research on the interdependence of institutional change in the payments system and monetary policy, examining the different channels via which payment systems affect monetary policy. It explores important themes such as: conceptualization and methods of analysis of institutional change in the payments system determinants of institutional change in the payments system – political-economy versus technology empirics of institutional change in the retail and in the wholesale payments systems – policy initiatives and new technologies in the payments system implications of institutional change in the payments system for monetary policy and the instruments available to central banks to cope with it. The result is an accessible overview of conceptual and methodological approaches to institutional change in payment systems, and a comprehensive and yet thorough assessment of its implications for monetary policy. The insights this timely book provides will be invaluable for researchers and practitioners in the field of monetary economics.
Money Over Two Centuries
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Author : Forrest Capie
language : en
Publisher: Oxford University Press, USA
Release Date : 2012-07-26
Money Over Two Centuries written by Forrest Capie and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-07-26 with Business & Economics categories.
This collection of essays by the eminent financial and monetary historians Capie and Wood examines and offers explanations of the parts played by money and the banking system in the British economy over the last two centuries. It deals with financial crises, periods of stability, and Britain in the international system.
Payment Systems Monetary Policy And The Role Of The Central Bank
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Author : Mr.Richard K. Abrams
language : en
Publisher: International Monetary Fund
Release Date : 1998-03-18
Payment Systems Monetary Policy And The Role Of The Central Bank written by Mr.Richard K. Abrams 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 1998-03-18 with Business & Economics categories.
A payment system encompasses a set of instruments and means generally acceptable in making payments; the institutional and organizational framework governing such payments, including prudential regulation; and the operating procedures and communications network used to initiate and transmit payment information from payer to payee and to settle payments. This book, by Omotunde E.G. Johnson, with Richard K. Abrams, Jean-Marc Destresse, Tony Lybek, Nicholas Roberts, and Mark Swinburne, identifies main policy and strategic issues in payment system reform, describes the structure of payment systems in selected countries, highlights areas of consensus, and suggests the direction for future policy analysis.
Treasury Single Account
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Author : Israel Fainboim Yaker
language : en
Publisher: International Monetary Fund
Release Date : 2010-06-01
Treasury Single Account written by Israel Fainboim Yaker 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 2010-06-01 with Business & Economics categories.
A treasury single account (TSA) is an essential tool for consolidating and managing governments’ cash resources, thus minimizing borrowing costs. In countries with fragmented government banking arrangements, the establishment of a TSA should receive priority in the public financial management reform agenda. Drawing on the lessons of the Fund’s work in several countries in establishing a TSA, this paper explains its concept, essential features, and potential benefits. It also presents alternative models and approaches for designing a TSA that take into account specific country contexts as well as the preconditions and desirable sequencing for its successful implementation. Finally, the paper includes country examples from different regions in support of the analysis and recommendations.
Electronic Money And The Monetary Transmission Process
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Author : Frank Hespeler
language : en
Publisher: Cuvillier Verlag
Release Date : 2008
Electronic Money And The Monetary Transmission Process written by Frank Hespeler and has been published by Cuvillier Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
The Dynamics Of Organizational Collapse
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Author : Helga Drummond
language : en
Publisher: Routledge
Release Date : 2008-01-10
The Dynamics Of Organizational Collapse written by Helga Drummond and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-01-10 with Business & Economics categories.
International in its appeal, this book uses high-level and multi-theoretical analyses involving psychological and sociological theories to explore the events of Nick Leeson‘s employment with Barings in Singapore in 1992 to Barings collapse in 1995.
Monetary Policy Implementation
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Author : Angelo Baglioni
language : en
Publisher: Springer Nature
Release Date : 2024-03-21
Monetary Policy Implementation written by Angelo Baglioni and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03-21 with Business & Economics categories.
This book addresses the implementation of monetary policy (MP) and focuses on the operations used by the central banks to implement their policies: the so-called operational framework of MP. The operational framework has become of paramount importance in the last fifteen years, due to the profound transformations taking place in this period. The financial crisis, started in August 2007, has rapidly changed the way in which MP is implemented around the world. Further, innovations have been introduced to address other crises in the following years: a new set of “unconventional” instruments have been adopted, like the large-scale purchases of private and government securities and the long-term refinancing operations. The balance sheets of central banks have increased by huge amounts. The recent surge of inflation has induced several central banks to exit those exceptional policies. However, instead of going back to the traditional “interest rate steering” approach, they are going towards a “new normal” that combines some features of that approach with others inherited from the “quantitative easing” experience. The book therefore addresses the following questions: Which are the common stylized patterns of the unconventional MP across the different countries? Did the economic profession work out a theoretical framework within which to place the unconventional MP? Which are the issues related to the exit strategy from unconventional MP? Which are the main features of the operational framework under the “new normal” approach? This book answers these questions by looking at the experiences of the European Central Bank, the Federal Reserve System alongside other central banks, and providing some original modelling and empirical evidence, which will be of interest to academics, researchers in banking and finance, policy makers, and practitioners in the financial industry.
The New International Monetary System
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Author : Charles Wyplosz
language : en
Publisher: Routledge
Release Date : 2010-02-25
The New International Monetary System written by Charles Wyplosz and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-02-25 with Business & Economics categories.
Edited by and with an introduction from Charles Wyplosz, this book brings together some of the key international people in the field of monetary policy, central banking and exchange rate regimes to discuss contemporary international monetary issues.