The macroeconomic implications of asset price flucuations have received increasing attention in academic and policy circles recently, in large part due to the recent boom-bust bubbles in the equity and now housing markets. This book aims to investigate the role of asset prices for various aspects of the macroeconomy.
The macroeconomic implications of asset price flucuations have received increasing attention in academic and policy circles recently, in large part du...
Financial crises have become more frequent over the last two decades than they were previously. This book illuminates the fierce debate over how the monetary authorities should handle these crises by bringing together a selection of the best writings on the subject and by reflecting all viewpoints.
Financial crises have become more frequent over the last two decades than they were previously. This book illuminates the fierce debate over how the m...
Financial crises have become more frequent over the last two decades than they were previously. This book illuminates the fierce debate over how the monetary authorities should handle these crises by bringing together a selection of the best writings on the subject and by reflecting all viewpoints.
Financial crises have become more frequent over the last two decades than they were previously. This book illuminates the fierce debate over how the m...
By August 1998, the Hong Kong economy had become threatened not only by the natural consequences of the Asian crisis (1997-98), but also by waves of speculation, betting that the authorities would be forced to abandon the linked exchange rate (to the US dollar). When facing previous speculative attacks (starting October 1997), the authorities had followed traditional policies of raising interest rates. But by August 1998, such policies had helped to batter asset markets; property prices and output were falling, and confidence was low. Moreover, the speculators had developed an ingenious...
By August 1998, the Hong Kong economy had become threatened not only by the natural consequences of the Asian crisis (1997-98), but also by waves of s...
This volume presents a restatement of the purposes and objectives of financial regulation. The authors provide details and data on the scale, nature and costs of regulatory problems around the world, and look at what sort of countries and sectors require special attention and policies. Key topics covered include: the need to recast the form of regulation; incentive structures for financial regulation; proportionality; new techniques for risk management; regulation in emerging countries; crisis management; and prospects for financial regulation in the future.
This volume presents a restatement of the purposes and objectives of financial regulation. The authors provide details and data on the scale, nature a...
This volume contains two major papers prepared for the Bank of England's Tercentenary Symposium in June 1994. The first, by Forrest Capie, Charles Goodhart and Norbert Schnadt, provides an authoritative account of the evolution of central banking. The second paper, by Stanley Fischer, explores the major policy dilemmas now facing central bankers. Important contributions by six leading central bankers from around the world, and the related Per Jacobsen lecture by Alexander Lamfalussy, are also included in the volume.
This volume contains two major papers prepared for the Bank of England's Tercentenary Symposium in June 1994. The first, by Forrest Capie, Charles Goo...
Financial Regulation presents an important restatement of the purposes and objectives of financial regulation. The authors provide details and data on the scale, nature and costs of regulatory problems around the world, and look at what sort of countries and sectors require special attention and policies. Key topics covered include: * the need to recast the form of regulation * incentive structures for financial regulation * proportionality * new techniques for risk management * regulation in emerging countries * crisis management * prospects for financial...
Financial Regulation presents an important restatement of the purposes and objectives of financial regulation. The authors provide details an...
This volume contains two major papers prepared for the Bank of England's Tercentenary Symposium in June 1994. The first, by Forrest Capie, Charles Goodhart and Norbert Schnadt, provides an authoritative account of the evolution of central banking. The second paper, by Stanley Fischer, explores the major policy dilemmas now facing central bankers. Important contributions by six leading central bankers from around the world, and the related Per Jacobsen lecture by Alexander Lamfalussy, are also included in the volume.
This volume contains two major papers prepared for the Bank of England's Tercentenary Symposium in June 1994. The first, by Forrest Capie, Charles Goo...
Since the 2008 collapse of Lehman Brothers, central banking has changed dramatically. Over the past five years central banks have intervened in both public and private debt markets, taking on functions of dealers of last resort, while simultaneously designing regulatory and resolution frameworks with the explicit aim of changing bank business models, all in order to contain and better address systemic risk. This book explores these developments through collected essays from authors from both academia and policy circles, and sets them in the context of the European crisis.
Central...
Since the 2008 collapse of Lehman Brothers, central banking has changed dramatically. Over the past five years central banks have intervened in bot...
