Unconventional Monetary Policy and Financial Stability is popular PDF and ePub book, written by Alexis Stenfors in 2020-07-15, 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, Unconventional Monetary Policy and Financial Stability can be Read Online from any device for your convenience.
Unconventional Monetary Policy and Financial Stability Book PDF Summary
Since the financial crisis of 2008-09, central bankers around the world have been forced to abandon conventional monetary policy tools in favour of unconventional policies such as quantitative easing, forward guidance, lowering the interest rate paid on bank reserves into negative territory, and pushing up prices of government bonds. Having faced a crisis in its banking sector nearly a decade earlier, Japan was a pioneer in the use of many of these tools. Unconventional Monetary Policy and Financial Stability critically assesses the measures used by Japan and examines what they have meant for the theory and practice of economic policy. The book shows how in practice unconventional monetary policy has worked through its impact on the financial markets. The text aims to generate an understanding of why such measures were introduced and how the Japanese system has subsequently changed regarding aspects such as governance and corporate balance sheets. It provides a comprehensive study of developments in Japanese money markets with the intent to understand the impact of policy on the debt structures that appear to have caused Japan’s deflation. The topics covered range from central bank communication and policymaking to international financial markets and bank balance sheets. This text is of great interest to students and scholars of banking, international finance, financial markets, political economy, and the Japanese economy.
Detail Book of Unconventional Monetary Policy and Financial Stability PDF
- Author : Alexis Stenfors
- Release : 15 July 2020
- Publisher : Routledge
- ISBN : 9780429629617
- Genre : Business & Economics
- Total Page : 217 pages
- Language : English
- PDF File Size : 18,6 Mb
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