Monetary Policy with Negative Interest Rates Decoupling Cash from Electronic Money is popular PDF and ePub book, written by Katrin Assenmacher in 2018-08-27, 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 with Negative Interest Rates Decoupling Cash from Electronic Money can be Read Online from any device for your convenience.
Monetary Policy with Negative Interest Rates Decoupling Cash from Electronic Money Book PDF Summary
Monetary policy space remains constrained by the lower bound in many countries, limiting the policy options available to address future deflationary shocks. The existence of cash prevents central banks from cutting interest rates much below zero. In this paper, we consider the practical feasibility of recent proposals for decoupling cash from electronic money to achieve a negative yield on cash which would remove the lower bound constraint on monetary policy. We discuss how central banks could design and operate such a system, and raise some unanswered questions.
Detail Book of Monetary Policy with Negative Interest Rates Decoupling Cash from Electronic Money PDF
- Author : Katrin Assenmacher
- Release : 27 August 2018
- Publisher : International Monetary Fund
- ISBN : 9781484370025
- Genre : Business & Economics
- Total Page : 31 pages
- Language : English
- PDF File Size : 18,9 Mb
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