Global imbalances, financial crises, and central bank policies / Andreas Steiner, University of Osnabrück and Ifo Institute, Munich Germany.

Format:

Book

Author/Creator:

Steiner, Andreas, 1975- author.

Language:

English

Subjects (All):

Bank reserves.

Banks and banking, Central.

Financial crises.

Physical Description:

ix, 190 pages : illustrations ; 23 cm

Place of Publication:

London : Academic Press, [2016]

Summary:

Andreas Steiner assesses the relationships between global imbalances, financial crises, and central bank policies, with a specific focus on their reserves. His combination of a strictly international perspective with an analysis based on empirical research enables him to develop an analytical model that emphasizes interactions among individual central banks. With this innovative approach Steiner develops a new method for defining an optimal demand for reserves. By means of its framework through which issues of global disequilibria can be addressed, Global Imbalances, Financial Crises, and Central Bank Policies describes implications for financial reforms that might ultimately be more important than its empirical findings.

Contents:

Overview

Accounting for official capital flows

Current account imbalances: the role of official capital flows

Determinants of the public budget balance: the role of official capital flows

Reserve accumulation and financial crises: from individual protection to systemic risk

Global aspects of central bank policies.

Notes:

Includes bibliographical references (pages 173-183) and index.

ISBN:

9780128104026

0128104023

OCLC:

950450347