[PDF] Impact Of Stock Market On Monetary Policy In The Seacen Countries eBook

Author : Ouk Heon Song
Publisher :
Page : 168 pages
File Size : 13,37 MB
Release : 2003
Category : Inflation (Finance)
ISBN :

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The main objective of the project is to analyse and assess the efficacy of the monetary transmission mechanism (MTM) in the SEACEN countries, in the light of financial liberalization, globalization and changing monetary and exchange rate regime in some SEACEN countries. It covers MTM and related issues such as recent changes in the objectives and targeting regime of monetary policy, empirical evidence of impact of monetary policy on prices and economic activities, recent changes in the exchange rate regime and capital mobility, and effectiveness of the various MTM based on the latest empirical findings of the respective countries.

Author : Nephil Matangi Maskay
Publisher :
Page : 328 pages
File Size : 29,15 MB
Release : 2010
Category : Global Financial Crisis, 2008-2009
ISBN :

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"The macroeconomy is linked with the financial market by the latter performing the important function of allocating resources and risks, which facilitates overall economic growth. Importantly, the macro-financial link is closely intertwined with monetary policy management since it contributes to fine-tuning and making it more effective. However, fundamental changes related to both increasing globalisation and financial development suggest that the nature of this link has changed significantly."- -Executive summary.

Author : Ms.Ana Corbacho
Publisher : International Monetary Fund
Page : 311 pages
File Size : 49,98 MB
Release : 2018-10-02
Category : Business & Economics
ISBN : 1513558900

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The first part of the book examines the evolution of monetary policy and prudential frameworks of the ASEAN5, with particular focus on changes since the Asian financial crisis and the more recent period of unconventional monetary policy in advanced economies. The second part of the book looks at policy responses to global financial spillovers. The third and last part of the book elaborates on the challenges ahead for monetary policy, financial stability frameworks, and the deepening of financial markets.

Author : Eduardo Levy-Yeyati
Publisher : World Bank Publications
Page : 39 pages
File Size : 36,67 MB
Release : 2007
Category : Central Bank
ISBN :

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Abstract: In recent years the term "fear of floating" has been used to describe exchange rate regimes that, while officially flexible, in practice intervene heavily to avoid sudden or large depreciations. However, the data reveals that in most cases (and increasingly so in the 2000s) intervention has been aimed at limiting appreciations rather than depreciations, often motivated by the neo-mercantilist view of a depreciated real exchange rate as protection for domestic industries. As a first step to address the broader question of whether this view delivers on its promise, the authors examine whether this "fear of appreciation" has a positive impact on growth performance in developing economies. The authors show that depreciated exchange rates appear to induce higher growth, but that the effect, rather than through import substitution or export booms as argued by the mercantilist view, works largely through the deepening of domestic savings and capital accumulation.