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Bringing the Central Bank into the Study of Currency Internationalization : Monetary Policy, Independence, and Internationalization
Chey, Hyoung-kyu - 2016
Despite the central bank's crucial position in the economy, as the issuer of the currency and the body responsible for monetary policy, its preferences regarding currency internationalization and its roles in that process have rarely been analyzed in the literature. This study attempts to fill...
Persistent link: https://www.econbiz.de/10012998303
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Central Banks : Between Internationalisation and Domestic Political Control
James, Harold - 2013
The paper examines the exercise, the efficiency, and the legitimacy of the monetary policy-making process. The goal of central bank autonomy in recent times is the outcome of a demand for price stability. The realisation of autonomy is also a consequence of the fragmentation of national decision...
Persistent link: https://www.econbiz.de/10013094092
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Managing financial globalization : a guide for developing countries based on the recent literature
Wei, Shang-jin - 2018
This paper seeks to draw lessons for developing countries based on a survey of the recent literature on financial globalization. First, while capital account openness holds promises (by potentially generating a lower cost of capital, better risk sharing, and stronger disciplines on policies),...
Persistent link: https://www.econbiz.de/10011786701
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Understanding inflation in emerging and developing economies
Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2019
Emerging market and developing economies (EMDEs) have experienced an extraordinary decline in inflation since the early … 1970s. After peaking in 1974 at 17.3 percent, inflation in these economies declined to 3.5 percent in 2017. Despite a … checkered history of managing inflation among many EMDEs, disinflation occurred across all regions. This paper presents a …
Persistent link: https://www.econbiz.de/10011980872
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The quest for global monetary policy coordination
Bruni, Franco; Siaba Serrate, José; Villafranca, Antonio - 2018
This paper puts forward a proposal to help monetary policies confront the challenge of the "normalisation" of money creation and interest rates. The difficult unwinding of years of unorthodox policies put financial stability at risk in major monetary centres and in EMEs. The authors argue that...
Persistent link: https://www.econbiz.de/10011885373
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The quest for global monetary policy coordination
Bruni, Franco; Siaba Serrate, José; Villafranca, Antonio - 2019
This paper puts forward a proposal to help monetary policies confront the challenge of the “normalisation” of money creation and interest rates. The difficult unwinding of years of unorthodox policies put financial stability at risk in major monetary centres and in EMEs. The authors argue...
Persistent link: https://www.econbiz.de/10011955414
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Non-State Actors and the International Institutional Order : Central Bank Capture and the Globalization of Monetary Amnesia
Canova, Timothy A. - 2008
The role of private, non-state actors in the international institutional and legal order is often praised for providing greater pluralism, public participation and transparency in the formulation of legal norms. Often overlooked are the ways that non-state actors undermine the sovereignty and...
Persistent link: https://www.econbiz.de/10012773528
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Bringing the Central Bank into the study of currency Internationalizatioi : monetary policy, independence, and internationalization
Chey, Hyoung-kyu; Li, Yu-Wai Vic - 2016
Persistent link: https://www.econbiz.de/10012195897
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Understanding inflation in emerging and developing economies
Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2019
Emerging market and developing economies (EMDEs) have experienced an extraordinary decline in inflation since the early … 1970s. After peaking in 1974 at 17.3 percent, inflation in these economies declined to 3.5 percent in 2017. Despite a … checkered history of managing inflation among many EMDEs, disinflation occurred across all regions. This paper presents a …
Persistent link: https://www.econbiz.de/10012060219