William Frazer

Central Banking, Crises, and Global Economy

• Gebundenes Buch

Produktbeschreibung

Bridging a gap between economic theory and observed reality, this book examines the most visible central banks, the move to monetary union in Europe, the IMF's new role, the rise of managed market economies, and the elevated importance of central banks. In central banking, attention has often turned to the management of liquidity crises and the attainment of economic stability. In the global economy, the respective market economies are more interconnected, and information regarding crises in one part of the industrialized world is rapidly communicated to other nations, giving the crises themselves a more immediate impact. The Asian debt and liquidity crises of 1997-98 were seen as having an impact on the United States, the European Union countries, and even China. In the effort to attain international stability, the information emanating from central banks at a policy level is crucial. This book aims to depict an ideal central bank for a globally connected country. Two developments heighten the need for such an operations/policy-based ideal: the lessons learned from the European moves to monetary union and the establishment of the European Central Bank, and the increased awareness of banking problems in Asia during the 1997-98 debt and liquidity crises. This timely work will be of interest to economists, bank officials, government policy makers and political scientists.

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Produktdetails

• Verlag: Praeger
• Seitenzahl: 422
• Erscheinungstermin: 30. Januar 2000
• Englisch
• Abmessung: 240mm x 161mm x 27mm
• Gewicht: 796g
• ISBN-13: 9780275964634
• ISBN-10: 0275964639
• Artikelnr.: 21460697

Autorenporträt

William Frazer

Inhaltsangabe

Preface An Analytical/Institutional Base Introduction Fractional Reserves
and Selected Causal Linkages Liquidity and Nominal and Real Rates of
Interest Policy Experiments, Causal Linkages, and the Deutsche Bundesbank
en Route to Monetary Union U.S. Policy Experiments and the Big U-Turn Open
Market Operations, Friedman-System Linkages, and a Money-Policy Surrogate
Bundesbank History, Linkages, and Inflation-Rate Targeting International
Dimensions and Crises with Global Impact The Managed Financial System: The
International Side The Asian Crises: Asia and Elsewhere Asia, Elsewhere,
and the IMF The Golden Straightjacket The Exchange-Rate and Reserve- and
Capital-Flows Mechanisms Growth and Inflation Rates Across Borders and Time
Central Banking, European, and Other Experiences The Big U-Turn and
Monetary Union Some Money and Banking Lessons The Global Economy The Great
Transformation, the Big U-Turn, and Russia The Global Economy and
Developing Economics Global Economy References Index