Interest rates, prices and liquidity : lessons from the financial crisis
tarafından
 
Chadha, Jagjit., editor.

Başlık
: 
Interest rates, prices and liquidity : lessons from the financial crisis

Yazar
: 
Chadha, Jagjit., editor.

ISBN
: 
9781107014732

Fiziksel Tanımlama
: 
xi, 280 pages. : illustrations . ; 24 cm.

Seri
: 
Macroeconomic policy making

Genel Not
: 
Papers presented at a conference held in Cambridge, England in Mar. 2010.

İçerik
: 
Machine generated contents note: 1. New instruments of monetary policy Jagjit S. Chadha and Sean Holly; 2. Liquidity and monetary policy Douglas Gale; 3. Interest rate policies and the stability of banking systems Hans Gersbach and Jan Wenzelberger; 4. Handling liquidity shocks: QE and Tobin's q Marcus Miller and John Driffill; 5. Asset purchase policies and portfolio effects: a DSGE analysis Richard Harrison; 6. Financial intermediaries in an estimated DSGE model for the UK Stefania Villa and Jing Yang; 7. Unconventional monetary policy, central bank balance sheets and long term forward rates Sharon Kozicki, Eric Santor and Lena Suchanek; 8. Non-standard monetary policy measures and monetary developments Domenico Giannone, Michele Lenza, Huw Pill and Lucrezia Reichlin; 9. Quantitative easing: one year on Spencer Dale; 10. What saved the banks: unconventional monetary or fiscal policy? Mike Wickens; 11. Non-conventional monetary policies: three views from the DSGE literature Evren Caglar, Jack Meaning, Alex Waters, James Warren and Jagjit Chadha.

Özet
: 
"We assess recent developments in monetary policy practice following the .nancial crisis drawing on papers from a specially convened conference in March 2010. In particular, we consider why central banks throughout the world have injected substantial quantitites of liquidity into the .nancial system and seen their balance sheets expand to multiples of GDP. We outline the theoretical rationale for balance sheet operations: (i) portfolio balance of the non-bank .nancial sector; (ii) an o$set for the zero bound; (iii) signalling mechanism about medium term in.ation expectations and (iv) the alleviation of the government.s budget constraint. We brie.y outline the recent experience with QE and draw a distinction between liquidity and macroeconomic stabilisation operations"--

Konu Başlığı
: 
Interest rates.
 
Faiz oranları.
 
Monetary policy.
 
Para politikası.
 
Global Financial Crisis, 2008-2009.

Yazar Ek Girişi
: 
Chadha, Jagjit.,
 
Holly, Sean.,


LibraryMateryal TürüDemirbaşYer NumarasıDurumu / Lokasyon / İade Tarihi
Ekonomi KütüphanesiKitapEKOBKN0005158339.53 INT 2012Merkez Kütüphane Genel Koleksiyon