An edition of Central Banking & Monetary Policy: An Introduction
(2013)
Central Banking & Monetary Policy: An Introduction
by A. P. Faure
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Last edited by Tom Morris
February 4, 2018 | History
This book presents an introduction to central banking and monetary policy. We, the public, accept the following as money (M) (that is, the means of payments / medium of exchange): notes and coins (N&C) and bank deposits (BD). Because we do, we place banks in a unique situation: the major part of their liabilities is BD; therefore they are able to create BD simply by making loans. Because banks are aggressive competitors and their creditworthiness checks on customers are therefore not always sober, they are inherently unstable.
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Publish Date
2013
Publisher
Bookboon.com
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Subjects
Economics and FinanceShowing 1 featured edition. View all 1 editions?
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Book Details
Table of Contents
Content
Essence of central banking
Learning outcomes
Introduction
Milieu of the central bank: the financial system
Context of central banking: financial stability
Balance sheet of a central bank
Money creation
Functions of central banks
Bibliography
Banker & advisor to government
Learning outcomes
Introduction
The interbank markets
Bank liquidity management
Banker to government
Tax and loan accounts
Public debt management
Administration of exchange controls
Bibliography
Management of money & banking system
Learning outcomes
Introduction
Banker to private sector banks
Settlement of interbank claims
Supervision of payments system
Lender of last resort
Currency (notes and coins) management
Bank supervision
Management of foreign assets
Development of the debt market
Bibliography
Money creation & framework of monetary policy
Learning outcomes
Introduction
Measuring money
Money identity: sources of money creation
Example: government issues bonds
Statutory environment
Objectives of monetary policy
Price stability
Inflation targeting monetary policy framework
Monetary policy accountability and transparency
Limitations of monetary policy
Instruments of monetary policy
Independence of central banks
Bibliography
Monetary policy: models & transmission
Learning outcomes
Introduction
Models of monetary policy
Path of monetary policy: from interest to inflation
Bibliography
Endnotes
ID Numbers
Links outside Open Library
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| February 4, 2018 | Edited by Tom Morris | merge authors |
| November 20, 2014 | Edited by Alice Kirk | Edited without comment. |
| October 28, 2014 | Edited by Alice Kirk | Edited without comment. |
| October 28, 2014 | Created by Alice Kirk | Added new book. |