Éric Tymoigne

Central Banking, Asset Prices and Financial Fragility (eBook, PDF)

• Format: PDF

Produktbeschreibung

In this book Tymoigne argues that financial stability should be the sole goal of central banks and suggests an alternative to the inflation targeting framework showing how interest-rate policy can help to solve some of the problems faced by central bankers.

---

Dieser Download kann aus rechtlichen Gründen nur mit Rechnungsadresse in A, B, BG, CY, CZ, D, DK, EW, E, FIN, F, GR, HR, H, IRL, I, LT, L, LR, M, NL, PL, P, R, S, SLO, SK ausgeliefert werden.

Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 336
• Erscheinungstermin: 21. November 2008
• Englisch
• ISBN-13: 9781135976736
• Artikelnr.: 42976686

Autorenporträt

Eric Tymoigne is Assistant Professor of Economics at California State University Fresno.

Inhaltsangabe

1 Introduction
2 Central banking
asset prices
and financial fragility
3 Asset-price theories and central banking
4 Against the instrumental use of interest rates
5 An analysis of financial fragility in the Minskian tradition
6 Financial matters in the decisions of the FOMC
7 Conclusion: A New Role for the Central Bank
Appendix 1: Own-Rates of Interest
Real Rates of Interest
and Money Rates of Interest
Appendix 2: The Aggregate Liquidity Preference Ratio with K Assets
Appendix 3: Immunization Procedure with Consols
Appendix 4: Econometric Analysis of Inflation and Interest Rates
Appendix 5: Financial Disturbances and Financial Crises in the U.S