Coverart for item
The Resource Interest rates, prices and liquidity : lessons from the financial crisis, edited by Jagjit S. Chadha and Sean Holly

Interest rates, prices and liquidity : lessons from the financial crisis, edited by Jagjit S. Chadha and Sean Holly

Label
Interest rates, prices and liquidity : lessons from the financial crisis
Title
Interest rates, prices and liquidity
Title remainder
lessons from the financial crisis
Statement of responsibility
edited by Jagjit S. Chadha and Sean Holly
Contributor
Subject
Language
eng
Summary
  • "Many of the assumptions that underpin mainstream macroeconomic models have been challenged as a result of the traumatic events of the recent financial crisis. Thus, until recently, it was widely agreed that although the stock of money had a role to play, in practice it could be ignored as long as we used short-term nominal interest rates as the instrument of policy because money and other credit markets would clear at the given policy rate. However, very early on in the financial crisis interest rates effectively hit zero percent and so central banks had to resort to a wholly new set of largely untested instruments to restore order, including quantitative easing and the purchase of toxic financial assets. This book brings together contributions from economists working in academia, financial markets and central banks to assess the effectiveness of these policy instruments and explore what lessons have so far been learned"--
  • "We assess recent developments in monetary policy practice following the .nancial crisis drawing on papers from a specially convened conference in March 2010. In particular, we consider why central banks throughout the world have injected substantial quantitites of liquidity into the .nancial system and seen their balance sheets expand to multiples of GDP. We outline the theoretical rationale for balance sheet operations: (i) portfolio balance of the non-bank .nancial sector; (ii) an o$set for the zero bound; (iii) signalling mechanism about medium term in.ation expectations and (iv) the alleviation of the government.s budget constraint. We brie.y outline the recent experience with QE and draw a distinction between liquidity and macroeconomic stabilisation operations"--
Member of
Assigning source
  • Provided by publisher
  • Provided by publisher
Cataloging source
N$T
Dewey number
339.5/3
Illustrations
illustrations
Index
index present
LC call number
HG1621
LC item number
.I588 2012eb
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Chadha, Jagjit
  • Holly, Sean
Series statement
Macroeconomic policy making
http://library.link/vocab/subjectName
  • Interest rates
  • Monetary policy
  • Global Financial Crisis, 2008-2009
  • BUSINESS & ECONOMICS
  • BUSINESS & ECONOMICS
  • POLITICAL SCIENCE
  • Interest rates
  • Monetary policy
  • Finanzkrise
  • Geopolitik
  • Notenbankpolitik
Label
Interest rates, prices and liquidity : lessons from the financial crisis, edited by Jagjit S. Chadha and Sean Holly
Instantiates
Publication
Note
Papers presented at a conference held in Cambridge, England in Mar. 2010
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
New instruments of monetary policy / Jagjit S. Chadha and Sean Holly -- Liquidity and monetary policy / Douglas Gale -- Interest rate policies and stability of banking systems / Hans Gersbach and Jan Wenzelberger -- Handling liquidity shocks: QE and Tobin's q / John Driffill and Marcus Miller -- Asset purchase policies and portfolio balance effects: a DSGE analysis / Richard Harrison -- Financial intermediaries in an estimated DSGE model for the UK / Stefania Villa and Jing Yang -- Central bank balance sheets and long term forward rates / Sharon Kozicki, Eric Santor and Lena Suchanek -- Non-standard monetary policy measures and monetary developments / Domenico Giannone, Michele Lenza, Huw Pill and Lucrezia Reichlin -- QE: one year on / Spencer Dale -- What saved the banks: unconventional monetary or fiscal policy? / Mike Wickens -- Non-conventional monetary policies: QE and the DSGE literature / Evren Caglar, Jagjit Chadha, Jack Meaning, James Warren and Alex Waters
Control code
773706835
Dimensions
unknown
Extent
1 online resource (xi, 280 pages)
File format
unknown
Form of item
online
Isbn
9781283342667
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
9786613342669
Other physical details
illustrations
http://library.link/vocab/ext/overdrive/overdriveId
334266
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)773706835
Label
Interest rates, prices and liquidity : lessons from the financial crisis, edited by Jagjit S. Chadha and Sean Holly
Publication
Note
Papers presented at a conference held in Cambridge, England in Mar. 2010
Antecedent source
unknown
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
New instruments of monetary policy / Jagjit S. Chadha and Sean Holly -- Liquidity and monetary policy / Douglas Gale -- Interest rate policies and stability of banking systems / Hans Gersbach and Jan Wenzelberger -- Handling liquidity shocks: QE and Tobin's q / John Driffill and Marcus Miller -- Asset purchase policies and portfolio balance effects: a DSGE analysis / Richard Harrison -- Financial intermediaries in an estimated DSGE model for the UK / Stefania Villa and Jing Yang -- Central bank balance sheets and long term forward rates / Sharon Kozicki, Eric Santor and Lena Suchanek -- Non-standard monetary policy measures and monetary developments / Domenico Giannone, Michele Lenza, Huw Pill and Lucrezia Reichlin -- QE: one year on / Spencer Dale -- What saved the banks: unconventional monetary or fiscal policy? / Mike Wickens -- Non-conventional monetary policies: QE and the DSGE literature / Evren Caglar, Jagjit Chadha, Jack Meaning, James Warren and Alex Waters
Control code
773706835
Dimensions
unknown
Extent
1 online resource (xi, 280 pages)
File format
unknown
Form of item
online
Isbn
9781283342667
Level of compression
unknown
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
9786613342669
Other physical details
illustrations
http://library.link/vocab/ext/overdrive/overdriveId
334266
Quality assurance targets
not applicable
Reformatting quality
unknown
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)773706835

Library Locations

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      1 University Blvd, St. Louis, MO, 63121, US
      38.710138 -90.311107
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