Exiting unconventional monetary policy

Exiting unconventional monetary policy
Author :
Publisher : GRIN Verlag
Total Pages : 25
Release :
ISBN-10 : 9783668546165
ISBN-13 : 3668546169
Rating : 4/5 (65 Downloads)

Book Synopsis Exiting unconventional monetary policy by : Korbinian Stinglhamer

Download or read book Exiting unconventional monetary policy written by Korbinian Stinglhamer and published by GRIN Verlag. This book was released on 2017-10-11 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2016 in the subject Economics - Finance, grade: 1,0, University of Wisconsin-Madison (Economics), course: The Financial System, language: English, abstract: The paper analyzes the unconventional monetary policies that were implemented by the Federal Reserve Bank, the Bank of England, the European Central Bank, and the Bank of Japan during their post-crisis transitions. Next, potential challenges involved in the exit will be analyzed. During the financial crisis many central banks in the world implemented “unconventional monetary policy” measures, such as balance-sheet policies, forward guidance, and negative interest rates. Once the financial system stabilizes, the difficult process of returning back to conventional monetary policy begins. For this reason, this paper analyzes the unconventional monetary policies during post-crisis transitions and potential challenges involved in the exit. The analysis suggests that a transition from unconventional monetary policies should be accomplished smoothly, without exceeding inflation, harming economic recovery, or destabilizing financial markets. Furthermore, the analysis suggests to make use of forward guidance in order to prepare the market for the exit and to increase its potential speed. However, the optimal exiting policy depends largely on present and future economic conditions of the respective currency region. In order to analyze these conditions and determine the ideal exiting strategy for each central bank, further investigations need to be done.


Exiting unconventional monetary policy Related Books

Exiting unconventional monetary policy
Language: en
Pages: 25
Authors: Korbinian Stinglhamer
Categories: Business & Economics
Type: BOOK - Published: 2017-10-11 - Publisher: GRIN Verlag

DOWNLOAD EBOOK

Seminar paper from the year 2016 in the subject Economics - Finance, grade: 1,0, University of Wisconsin-Madison (Economics), course: The Financial System, lang
Financial Crisis, US Unconventional Monetary Policy and International Spillovers
Language: en
Pages: 32
Authors: Qianying Chen
Categories: Business & Economics
Type: BOOK - Published: 2015-04-29 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

We study the impact of the US quantitative easing (QE) on both the emerging and advanced economies, estimating a global vector error-correction model (GVECM) an
Monetary Policy Alternatives at the Zero Bound
Language: en
Pages: 0
Authors: Ben S. Bernanke
Categories:
Type: BOOK - Published: 2009-03 - Publisher: www.bnpublishing.com

DOWNLOAD EBOOK

The success over the years in reducing inflation and, consequently, the average level of nominal interest rates has increased the likelihood that the nominal po
A Great Leap Forward
Language: en
Pages: 206
Authors: Randall Wray
Categories: Business & Economics
Type: BOOK - Published: 2020-01-14 - Publisher: Academic Press

DOWNLOAD EBOOK

A Great Leap Forward: Heterodox Economic Policy for the 21st Century investigates economic policy from a heterodox and progressive perspective. Author Randall W
Federal Reserve
Language: en
Pages: 0
Authors: Marc LaBonte
Categories:
Type: BOOK - Published: 2015-10-18 - Publisher:

DOWNLOAD EBOOK

The "Great Recession" and the ensuing weak recovery have led the Federal Reserve (Fed) to expand its monetary policy tools. Since December 2008, overnight inter