東華大學圖書館 |

語系: 繁體中文

說明(常見問題)

回圖書館首頁

手機版館藏查詢

登入

回首頁

切換: 標籤 | MARC模式 | ISBD

FindBook

Google Book

Amazon

博客來

Monetary policy implementation = exploring the 'new normal' in central banking /

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Monetary policy implementation/ by Angelo Baglioni.
其他題名:	exploring the 'new normal' in central banking /
作者:	Baglioni, Angelo.
出版者:	Cham :Springer Nature Switzerland : : 2024.,
面頁冊數:	xv, 264 p. :ill. (chiefly col.), digital ;24 cm.
內容註:	Chapter 1 - Introduction -- Chapter 2 - The literature on monetary policy implementation -- Chapter 3 - The operational framework of monetary policy: a simple model -- Chapter 4 - The European Central Bank: twenty-five years of single monetary policy in the euro area -- Chapter 5 - The Federal Reserve System from the traditional operating framework to the new normal -- Chapter 6 - Unconventional monetary policies in UK and Japan -- Chapter 7 - Future challenges: central bank digital currency and greening monetary policy.
Contained By:	Springer Nature eBook
標題:	Monetary policy. -
電子資源:	https://doi.org/10.1007/978-3-031-53885-8
ISBN:	9783031538858

Monetary policy implementation = exploring the 'new normal' in central banking /
Baglioni, Angelo.

Monetary policy implementationexploring the 'new normal' in central banking /[electronic resource] :by Angelo Baglioni. - Cham :Springer Nature Switzerland :2024. - xv, 264 p. :ill. (chiefly col.), digital ;24 cm.

Chapter 1 - Introduction -- Chapter 2 - The literature on monetary policy implementation -- Chapter 3 - The operational framework of monetary policy: a simple model -- Chapter 4 - The European Central Bank: twenty-five years of single monetary policy in the euro area -- Chapter 5 - The Federal Reserve System from the traditional operating framework to the new normal -- Chapter 6 - Unconventional monetary policies in UK and Japan -- Chapter 7 - Future challenges: central bank digital currency and greening monetary policy.

This book addresses the implementation of monetary policy (MP) and focuses on the operations used by the central banks to implement their policies: the so-called operational framework of MP. The operational framework has become of paramount importance in the last fifteen years, due to the profound transformations taking place in this period. The financial crisis, started in August 2007, has rapidly changed the way in which MP is implemented around the world. Further, innovations have been introduced to address other crises in the following years: a new set of "unconventional" instruments have been adopted, like the large-scale purchases of private and government securities and the long-term refinancing operations. The balance sheets of central banks have increased by huge amounts. The recent surge of inflation has induced several central banks to exit those exceptional policies. However, instead of going back to the traditional "interest rate steering" approach, they are going towards a "new normal" that combines some features of that approach with others inherited from the "quantitative easing" experience. The book therefore addresses the following questions: Which are the common stylized patterns of the unconventional MP across the different countries? Did the economic profession work out a theoretical framework within which to place the unconventional MP? Which are the issues related to the exit strategy from unconventional MP? Which are the main features of the operational framework under the "new normal" approach? This book answers these questions by looking at the experiences of the European Central Bank, the Federal Reserve System alongside other central banks, and providing some original modelling and empirical evidence, which will be of interest to academics, researchers in banking and finance, policy makers, and practitioners in the financial industry. Angelo Baglioni is Professor of Economics at Università Cattolica del Sacro Cuore (UCSC) in Milan, where he teaches Monetary Policy and Financial Economics. He is Director of Osservatorio Monetario, President of REF Ricerche, and Member of the editorial board of lavoce.info. He was Member of the Banking Stakeholder Group of the European Banking Authority. His main research interests are in the fields of monetary policy and financial intermediation. He has written several books (including The European Banking Union: A Critical Assessment, Palgrave Macmillan 2016) and articles published in international scientific journals.

ISBN: 9783031538858

Standard No.: 10.1007/978-3-031-53885-8doiSubjects--Topical Terms:

598111
Monetary policy.

LC Class. No.: HG230.3

Dewey Class. No.: 339.53

Monetary policy implementation = exploring the 'new normal' in central banking /
LDR:04059nmm a2200325 a 4500 001 2370012
003 DE-He213
005 20240324162410.0
006 m d
007 cr nn 008maaau
008 241127s2024 sz s 0 eng d
020 $a 9783031538858 $q (electronic bk.)
020 $a 9783031538841 $q (paper)
024 7 $a 10.1007/978-3-031-53885-8 $2 doi
035 $a 978-3-031-53885-8
040 $a GP $c GP
041 0 $a eng
050 4 $a HG230.3
072 7 $a KFF $2 bicssc
072 7 $a BUS027000 $2 bisacsh
072 7 $a KFF $2 thema
082 0 4 $a 339.53 $2 23
090 $a HG230.3 $b .B146 2024
100 1 $a Baglioni, Angelo. $3 2191341
245 1 0 $a Monetary policy implementation $h [electronic resource] : $b exploring the 'new normal' in central banking / $c by Angelo Baglioni.
260 $a Cham : $b Springer Nature Switzerland : $b Imprint: Palgrave Macmillan, $c 2024.
300 $a xv, 264 p. : $b ill. (chiefly col.), digital ; $c 24 cm.
505 0 $a Chapter 1 - Introduction -- Chapter 2 - The literature on monetary policy implementation -- Chapter 3 - The operational framework of monetary policy: a simple model -- Chapter 4 - The European Central Bank: twenty-five years of single monetary policy in the euro area -- Chapter 5 - The Federal Reserve System from the traditional operating framework to the new normal -- Chapter 6 - Unconventional monetary policies in UK and Japan -- Chapter 7 - Future challenges: central bank digital currency and greening monetary policy.
520 $a This book addresses the implementation of monetary policy (MP) and focuses on the operations used by the central banks to implement their policies: the so-called operational framework of MP. The operational framework has become of paramount importance in the last fifteen years, due to the profound transformations taking place in this period. The financial crisis, started in August 2007, has rapidly changed the way in which MP is implemented around the world. Further, innovations have been introduced to address other crises in the following years: a new set of "unconventional" instruments have been adopted, like the large-scale purchases of private and government securities and the long-term refinancing operations. The balance sheets of central banks have increased by huge amounts. The recent surge of inflation has induced several central banks to exit those exceptional policies. However, instead of going back to the traditional "interest rate steering" approach, they are going towards a "new normal" that combines some features of that approach with others inherited from the "quantitative easing" experience. The book therefore addresses the following questions: Which are the common stylized patterns of the unconventional MP across the different countries? Did the economic profession work out a theoretical framework within which to place the unconventional MP? Which are the issues related to the exit strategy from unconventional MP? Which are the main features of the operational framework under the "new normal" approach? This book answers these questions by looking at the experiences of the European Central Bank, the Federal Reserve System alongside other central banks, and providing some original modelling and empirical evidence, which will be of interest to academics, researchers in banking and finance, policy makers, and practitioners in the financial industry. Angelo Baglioni is Professor of Economics at Università Cattolica del Sacro Cuore (UCSC) in Milan, where he teaches Monetary Policy and Financial Economics. He is Director of Osservatorio Monetario, President of REF Ricerche, and Member of the editorial board of lavoce.info. He was Member of the Banking Stakeholder Group of the European Banking Authority. His main research interests are in the fields of monetary policy and financial intermediation. He has written several books (including The European Banking Union: A Critical Assessment, Palgrave Macmillan 2016) and articles published in international scientific journals.
650 0 $a Monetary policy. $3 598111
650 0 $a Banks and banking, Central. $3 686796
650 1 4 $a Financial Economics. $3 895543
650 2 4 $a Macroeconomics and Monetary Economics. $3 3538569
650 2 4 $a Financial Services. $3 2194957
710 2 $a SpringerLink (Online service) $3 836513
773 0 $t Springer Nature eBook
856 4 0 $u https://doi.org/10.1007/978-3-031-53885-8
950 $a Economics and Finance (SpringerNature-41170)