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An Institutional Analysis of China’s Reform of their Monetary Policy Framework

Zengping, He - 2019

This paper traces the history of China's reform of its monetary policy framework and analyzes its success and problems …. In the context of financial marketization and the failure of the quantity-targeting framework, the People's Bank of China … China's Treasury Single Account system. The missing role of the Treasury in monetary policy operations increases the …

Persistent link: https://www.econbiz.de/10012888989

The Interplay of Economic Reforms and Monetary Policy : The Case of the Euro Area

Drudi, Francesco - 2012

The world has been struck by a mutating systemic financial crisis that is unprecedented in terms of financial losses and fiscal costs, geographic reach, and speed and synchronisation. The crisis from August 2007 to date can be divided into three main phases: the financial turmoil from August...

Persistent link: https://www.econbiz.de/10013101191

Banking and Development : Observations in Reforms’ Era

Prasanna Kumar, B. - 2011

In the context of wide regional disparities emerging in the process of development, the banks have an additional responsibility in India. That responsibility is to enter the under developed regions and to mobilize and channelize resources into local economic activities such that local...

Persistent link: https://www.econbiz.de/10013131082

Can Structural Reforms Help Europe?

Eggertsson, Gauti B. - 2015

Structural reforms that increase competition in product and labor markets are often indicated as the main policy option available for peripheral Europe to regain competitiveness and boost output. We show that, in a crisis that pushes the nominal interest rate to its lower bound, these reforms do...

Persistent link: https://www.econbiz.de/10013034617

Emu Enlargement, Policy Uncertainty and Economic Reforms

Hefeker, Carsten - 2021

The paper analyzes the relation between monetary uncertainty and government incentives to implement economic reforms that reduce structural distortions and make economies more flexible. It is shown that uncertainty about the central bank's reaction function leads to more reforms. I relate this...

Persistent link: https://www.econbiz.de/10013317517

Reform and Stricter Regulation of Bank Wealth Management Products in China

Sekine, Eiichi - 2013

products will need to be resolved just when regulators in China are seeking to carry out further reform of the country …

Persistent link: https://www.econbiz.de/10013071348

China's exchange-rate regime reform and trade between China and the eurozone

Nishimura, Yusaku; Sun, Bianxia - In: Emerging markets finance & trade : a journal of the … 54 (2018) 1/2/3, pp. 450-467

Persistent link: https://www.econbiz.de/10012123293

The single monetary policy and domestic macro-fundamentals: Evidence from Spain

Arghyrou, Michael G.; Gadea, Maria Dolores - 2008

We model pre-euro Spanish monetary policy and use our findings to assess the compatibility of the interest rates set by the ECB since 1999 with Spanish macrofundamentals. We find that in the 1990s Spain implemented successfully a monetary strategy tailored to its own domestic fundamentals; and...

Persistent link: https://www.econbiz.de/10010288789

The single monetary policy and domestic macro-fundamentals : evidence from Spain

Arghyrou, Michael Georgiou (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003766104

The Political Economy of Reforms in Central Bank Design : Evidence from a New Dataset

Romelli, Davide - 2020

What explains the worldwide changes in central bank design over the past five decades? Using a new dataset on central bank institutional design, this paper investigates the timing, pace and magnitude of reforms in a sample of 155 countries over the period 1972-2017. I construct a new dynamic...

Persistent link: https://www.econbiz.de/10012851555