Monetary Policy Coordination and the Role of Central Banks is popular PDF and ePub book, written by Rakesh Mohan in 2014-04-29, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Monetary Policy Coordination and the Role of Central Banks can be Read Online from any device for your convenience.
Monetary Policy Coordination and the Role of Central Banks Book PDF Summary
The unconventional monetary policies (UMPs) pursued by the advanced economies (AEs) have posed macroeconomic challenges for the emerging market economies (EMEs) through volatile capital flows and exchange rates. AE central banks need to acknowledge and appreciate the spillovers resulting from such UMPs. Central banks of the AEs, who have set up standing mutual swap facilities, should explore similar arrangements with other significant EMEs with appropriate risk mitigation measures. These initiatives could do much to actually curb volatility in global financial markets and hence in capital flows to EMEs, thus obviating the need for defensive policy actions on the part of EMEs.
Detail Book of Monetary Policy Coordination and the Role of Central Banks PDF
- Author : Rakesh Mohan
- Release : 29 April 2014
- Publisher : International Monetary Fund
- ISBN : 9781484362891
- Genre : Business & Economics
- Total Page : 34 pages
- Language : English
- PDF File Size : 10,9 Mb
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