Del 0 - The Elgar Series on Central Banking and Monetary Policy

Central Banking and Monetary Policy Implementation

Volume I

Inbunden, Engelska, 2025

AvSylvio Antonio Kappes,Louis-Philippe Rochon,Guillaume Vallet

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This informative book discusses the evolution of monetary policy, particularly since the subprime crisis. The contributors analyse diverse examples of the implementation of monetary policies across a range of countries, from those with major central banks such as Canada and Switzerland to developing economies such as Brazil and Nigeria, exploring how the practical workings of these measures can vary.The authors examine the different instruments that can be used to control base interest rates, such as open market operations, reserve requirements and remuneration and rediscount operations. Chapters delve into 11 different case studies, which include monetary policy implementations in China, a reconstruction of the monetary policy framework in Argentina during COVID-19 and an overview of the instruments and procedures used by the European Central Bank. This comprehensive book also provides an overview of the various challenges that can arise in the process of implementing novel strategies.Students and scholars of financial economics and regulation, political economy and money and banking will greatly benefit from this book. With its theoretical insights, it is also a crucial resource for academics in post-Keynesian economics, as well as practitioners in central banking and the financial press.

Produktinformation

Utgivningsdatum2025-06-27
Mått156 x 234 x undefined mm
FormatInbunden
SpråkEngelska
SerieThe Elgar Series on Central Banking and Monetary Policy
FörlagEdward Elgar Publishing Ltd
ISBN9781035302796

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Nationalekonomi inom Ekonomi och Ledarskap
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Finansiering inom Ekonomi och Ledarskap

Edited by Sylvio Antonio Kappes, Assistant Professor, Federal University of Alagoas, Brazil, Co-Editor, Review of Political Economy and Co-Director, Monetary Policy Institute, Louis-Philippe Rochon, Full Professor, Laurentian University, Canada, Editor-in-Chief, Review of Political Economy, Founding Editor Emeritus, Review of Keynesian Economics and Co-Director Monetary Policy Institute and Guillaume Vallet, Full Professor, Université Grenoble Alpes and Research Fellow, Centre de Recherche en Economie de Grenoble (CREG), France

ContentsIntroduction to Central Banking and Monetary PolicyImplementation xixSylvio Antonio Kappes, Louis-Philippe Rochon and Guillaume Vallet1 A reconstruction of the monetary policy framework inArgentina during the Covid-19 pandemic 1Juan Matias De Lucchi, Ariel Dvoskin and Germán D. Feldman2 Implementation of the Reserve Bank of Australia’s inflationtarget and the impact of Covid-19: an assessment 26Peter Docherty3 An analysis of the Brazilian Central Bank balance sheet andits main policy instruments 65Sylvio Antonio Kappes4 The Bank of Canada and the six principles of monetarypolicy implementation: lessons from post-Keynesian economics 78Guillermo Matamoros5 The evolution of monetary policy implementation in China 96Hui Yuan and Geyang Xie6 The European Central Bank: monetary policy instruments,procedures, and decisions 119Eladio Febrero7 Monetary policy in open emergent economies with weakfinancial markets: the case of Mexico and its effect on thebanking system 147Noemi Levy Orlik and Jorge Bustamante8 Central Bank of Nigeria and monetary policy implementation 171Salewa Olawoye and Adesuwa Erediauwa9 Monetary policy under permanent excess liquidity: the caseof Poland 182Zbigniew Polański10 Central banking and monetary policy implementation in Russia 219Vadim Grishchenko, Grigory Zhirnov and Vasily Tkachev11 Monetary policy operating procedures in Switzerland: acritical appraisal 261Sergio Rossi