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Central banks in larger industrialized countries increasingly favor market operations, the buying and selling of … market operations, foreign central banks most commonly trade securities issued or guaranteed by their governments and …
Persistent link: https://www.econbiz.de/10005428474
Locating the function of bank supervision in the central bank has been a contentious issue, both domestically and … internationally. Most discussions of the role of bank supervision in central banking have focused on crisis management and the … responsibilities of the central bank as a lender of last resort. However, recent research by the authors has shown that confidential …
Persistent link: https://www.econbiz.de/10005428528
Foreign exchange swaps have appeared for some time in the intervention toolkit of many central banks around the world …. 332), seven of fourteen industrial-country central banks surveyed listed foreign exchange swaps against either the U …
Persistent link: https://www.econbiz.de/10005428563
Recently, the benefits to monetary unification have been widely heralded. Advocates of European, as well as East and West German, monetary integration point repeatedly to the advantages the United States derives from possessing a single currency. Yet, the losses resulting from this policy have...
Persistent link: https://www.econbiz.de/10005428596
Central bankers in the United States and abroad must grapple with a broad array of questions about how best to conduct … central bank independence aid in achieving either or both of these goals? Does a stable, short-run trade-off between inflation … and unemployment exist, and can it be exploited by a central bank? What instrument should the central bank manipulate in …
Persistent link: https://www.econbiz.de/10005428603
The Sveriges Riksbank, the Swedish central bank, is an authority under the Riksdag (parliament) with responsibility for …
Persistent link: https://www.econbiz.de/10005526668
been for other central banks. Following the implementation of the new Bank of Japan Law in 1998, the monetary policy … framework is characterized by central bank independence, the primacy of the price stability objective, instrument independence …
Persistent link: https://www.econbiz.de/10005526673
New England's recovery from our most recent recession has been marked by unusually slow growth in bank lending. As of the third quarter of 1994, total loans still had recovered only to 76 percent of the level attained at the peak in the third quarter of 1989. Numerous recent studies have...
Persistent link: https://www.econbiz.de/10005526717
In banking over the past 10 years, management accountants have been instrumental in the creation of new management processes and performance systems. Their innovations have enabled banks to create internal capital markets, measure risks so as to facilitate their proper hedging and pricing, and...
Persistent link: https://www.econbiz.de/10005428500
In 1979, Italy entered into the Exchange Rate Mechanism (ERM) as a founding member of the European Monetary System. After that date, the country's monetary policy was geared toward the maintenance of exchange rate stability against its ERM partners, despite a number of exchange parity...
Persistent link: https://www.econbiz.de/10005428503