During Alan Greenspan's years at the helm of the Federal Reserve System, the global economy has undergone significant structural change and withstood a variety of financial and economic shocks. In addition to helping steer the global economy through such challenges, Chairman Greenspan has been at the center of discussions on monetary policy ideas and issues. To honor Alan Greenspan's service, t…
In the spring of 2004, there was widespread expectation in financial markets that the Federal Reserve would shortly begin the process of raising its federal funds rate target back toward a more normal level. Much of this concern was based on the sizable increases in long-term rates that occurred when the Federal Reserve tightened monetary policy in 1994-1995 and 1999-2000. In contrast to the co…
Includes bibliographies and index
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Includes bibliographical and tables
This successful text, now in its second edition, offers the most comprehensive overview of monetary economics and monetary policy currently available. It covers the microeconomic, macroeconomic and monetary policy components of the field. Major features of the new edition include: - Stylised facts on money demand and supply, and the relationships between monetary policy, inflation, output and …
The existence of fiat currencies has long been cited as one of the major contributing factors to the challenges facing contemporary economies, and the current monetary system is not only a key source of exorable increases in interest rates but also a principal cause of inflation and decline in the value of money in many countries. The editors argue that an Islamic monetary system, with its spec…
This influential volume, which has been revised and updated for the twenty-first century, includes both new material and more detailed expositions of existing arguments. Although so-called ‘real’ theories of business cycles and growth are prevalent in contemporary mainstream economics, Controversies in Monetary Economics suggests that those economists who have instinctively focused on mo…
.Proceedings of a conference held at North Falmouth, Massachusetts, June 1994
Dalam memberikan sinyal arah kebijakan, komunikasi bank sentral sangat penting untuk menyelaraskan ekspektasi pelaku pasar keuangan dan masyarakat dengan kebijakan moneter yang akan datang. Hal ini membantu mengurangi ketidakpastian ekonomi dan meningkatkan prediktabilitas kebijakan. Penelitian ini mengkaji peran strategis komunikasi Bank Indonesia dalam membentuk ekspektasi pasar dan mempengar…
We propose a model of post-Great Financial Crisis (GFC) money markets and monetary policy implementation. In our framework, capital regulation may deter banks from intermediating liquidity derived from holding reserves to shadow banks. Consequently, money markets can be segmented, and the scarcity of Treasury bills available to shadow banks is the main driver of short-term spreads. In this regi…
Includes bibliography, index, tables
Includes index and tables.
Includes bibliographies, index and tables.
Includes bibliography
Includes bibliographical and tables
Includes bibliographies, index and tables
Includes bibliographies, index and tables.
Includes bibliographies, index and tables.