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The Future of Central Banking Under Post-Crisis Mandates
Cecchetti, Stephen G. - 2013
On 24-25 June 2010, the BIS held its Ninth Annual Conference, on "The future of central banking under post-crisis mandates" in Lucerne, Switzerland. The event brought together senior representatives of central banks and academic institutions who exchanged views on this topic. This volume...
Persistent link: https://www.econbiz.de/10013092148
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Would a Stricter Fed Policy and Financial Regulation Have Averted the Financial Crisis?
Gokhale, Jagadeesh - 2009
Many commentators have argued that if the Federal Reserve had followed a stricter monetary policy earlier this decade when the housing bubble was forming, and if Congress had not deregulated banking but had imposed tighter financial standards, the housing boom and bust - and the subsequent...
Persistent link: https://www.econbiz.de/10013155688
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Designing New Money - The Policy Trilemma of Central Bank Digital Currency
Bjerg, Ole - 2017
The prospect of central banks issuing digital currency (CBDC) immediately raises the question of how this new form of money should co-exist and interact with existing forms of money. This paper evaluates three different scenarios for the implementation of CBDC in terms of their monetary policy...
Persistent link: https://www.econbiz.de/10012954346
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The Transition to Inflation Targeting in an Emerging Economy : Selected Issues
Aguirre, Horacio - 2016
Monetary policy in Argentina is in transition to an inflation targeting regime with a floating exchange rate. As … initial conditions for adoption of inflation targeting, and the types of shock that EMEs are exposed to and how these may … influence the strategy adopted. Full Publication: 'http://ssrn.com/abstract=2870167' Inflation Mechanisms, Expectations and …
Persistent link: https://www.econbiz.de/10012979147
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The collateral policy of central banks : an analysis focusing on the eurosystem
Weber, Christopher - 2016
This dissertation was written by Christopher Weber during his time as a research assistant at the Center for Economic Studies (CES) at the Ludwig-Maximilians-Universität (LMU) Munich. It was handed in at the department of Economics at the LMU Munich in July 2016. The goal of the thesis is to...
Persistent link: https://www.econbiz.de/10011741966
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Regional currency arrangements : insights from Europe
Christl, Josef - 2022
This paper focuses on the requirements and features of a successful monetary union on the basis of the optimum currency area theory, the “logical roadmap” for integration as proposed by Balassa as well as the economic and institutional framework of the European Economic and Monetary Union...
Persistent link: https://www.econbiz.de/10014080596
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Breaking the Gilt Standard - The Problem of Parity in Kumhof and Noone's Design Principles for Central Bank Digital Currencies
Bjerg, Ole - 2018
This paper is a critical engagement with the four design principles for Central Bank Digital Currency (CBDC) recently proposed by Kumhof and Noone (KN). It is argued that the implicit notion of parity underlying KN's analysis is too narrow as it is only focused on the exchange rate between CBDC...
Persistent link: https://www.econbiz.de/10014112133
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The Effect of Commodity Price Shocks on Underlying Inflation : The Role of Central Bank Credibility
Davis, Scott - 2015
This paper seeks to document and explain the effect of a commodity price shock on underlying core inflation, and how … across many countries there was a break in the response of core inflation to a commodity price shock. In an earlier period, a … shock to commodity prices would lead to a large and significant increase in core inflation, but in later periods, the effect …
Persistent link: https://www.econbiz.de/10013036232
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Preventing a New Global Financial Crisis Amidst the Current 'Inflation Crisis' and the Spring 2023 Bank Failure Episodes
Gortsos, Christos - 2023
stability amidst the current phase of the inflation crisis (Section 4); and identifies the areas where the financial regulatory …
Persistent link: https://www.econbiz.de/10014354197
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China's exchange rate impasse and the weak US dollar
McKinnon, Ronald I.; Schnabl, Gunther - 2008
inflation, particularly in the 1970s, and the choice of an exchange rate regime consistent with domestic monetary and fiscal … reminiscent of the global inflation generated by the weak dollar in the 1970s. -- Inflation ; Exchange Rates ; Macro Policies …
Persistent link: https://www.econbiz.de/10003818402