Central Banks and Financial Markets: The Declining Power of US Monetary Policy - Couverture rigide

Cömert, Hasan

 
9781781004043: Central Banks and Financial Markets: The Declining Power of US Monetary Policy
Couverture rigide
ISBN 10 : 1781004048 ISBN 13 : 9781781004043
Editeur : Edward Elgar Publishing Ltd, 2013

Synopsis

In the wake of the financial crisis of 2008, there has been increasing debate over the appropriate role of central banks in mitigating economic disaster. This timely volume combines detailed historical and econometric analyses to explore the profound changes that occurred within the US financial system from the 1980s to the present, and shows how these changes have affected the US economy.

Hasan Cömert demonstrates how dramatic shifts in the financial system undermined the ability of the US Federal Reserve to control the price and quantity of credit. He identifies several key factors that facilitated this loss of control, including deregulation, rapid financial innovations, increased financial integration and a number of policy decisions implemented within the Federal Reserve itself. Through a combination of several methods, including historical and institutional analyses, descriptive statistics, simulation and econometric techniques, the author provides a well-rounded and vitally important picture of the US financial system and offers insightful policy recommendations for the future.

Students, professors and policymakers with an interest in economics, finance, banking and monetary policy will no doubt find this book a fascinating and invaluable resource.

Contents:
Foreword
1. Introduction
2. The Co-evolution of Monetary Policy and the US Financial System: Declining Effectiveness of US Monetary Policy
3. Decreasing Balance Sheet Constraints on Financial Firms
4. Weakening Relationship between the Federal Funds Rate and Long-term Interest Rates: Decreasing Effectiveness of Monetary Policy in the US
5. Did the Fed Create the US Financial Crisis of 2008?
6. Concluding Remarks
Bibliography
Index

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l?auteur

Hasan Cömert, Assistant Professor, Middle East Technical University, Turkey

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Edward Elgar Publishing Ltd
Date d'édition
2013
Langue
anglais
ISBN 10 
1781004048
ISBN 13 
9781781004043
Reliure
Relié
Nombre de pages
224
Coordonnées du fabricant
non disponible
Personne responsable
non disponible

Autres éditions populaires du même titre

9781781004050: Central Banks and Financial Markets: The Declining Power of Us Monetary Policy

Edition présentée

ISBN 10 :  1781004056 ISBN 13 :  9781781004050
Editeur : Not Avail, 2014
Couverture souple