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Currencies, capital, and central bank balances / edited by John H. Cochrane, Kyle Palermo, John B. Taylor ; contributing authors, Adrien Auclert [and twenty-three others].
- Format:
- Book
- Language:
- English
- Subjects (All):
- Banks and banking, Central.
- Physical Description:
- 1 online resource (369 pages)
- Place of Publication:
- Standford, California : Hoover Institution Press, 2019.
- Summary:
- Drawing from their 2018 conference, the Hoover Institution brings together leading academics and monetary policy makers to share ideas about the practical issues facing central banks today. The expert contributors discuss U.S. monetary policy at individual central banks and reform of the international monetary and financial system. The discussion is broken down into seven key areas: 1) International Rules of the Monetary Game; 2) Banking, Trade and the Making of the Dominant Currency; 3) Capital Flows, the IMF's Institutional View and Alternatives; 4) Payments, Credit and Asset Prices; 5) Financial Stability, Regulations and the Balance Sheet; 6) The Future of the Central Bank Balance Sheet; and 7) Monetary Policy and Reform in Practice. With in-depth discussions of the volatility of capital flows and exchange rates, and the use of balance sheet policy by central banks, they examine relevant research developments and debate policy options.
- Contents:
- Intro
- Contents
- Preface
- PART I
- ONE International Rules of the Monetary Game
- TWO Dollar Dominance in Trade and Finance
- SYMPOSIUM ON Capital Flows, the IMF's Institutional View and Alternatives
- Introduction
- THREE Managing Capital Flows: Toward a Policy Maker's Vade Mecum
- FOUR The IMF's Institutional View: A Critique
- FIVE Capital Flows, the IMF's Institutional View, and an Alternative
- PART II
- SIX Monetary Policy with a Layered Payment System
- SEVEN Liquidity Regulation and the Size of the Fed's Balance Sheet
- SYMPOSIUM ON The Future of Central Bank Balance Sheets
- EIGHT Normalizing the Federal Reserve's Balance Sheet and Policy Implementation
- NINE Get Up Off the Floor
- TEN The Fed's Balance Sheet Strategy: What Now?
- ELEVEN Should the Fed 'Stay Big' or 'Slim Down'?
- PART III
- TWELVE Anchoring Inflation Expectations in a Low R-star World
- SYMPOSIUM ON Monetary Policy and Reform in Practice
- THIRTEEN Monetary Policy and Reform in Practice
- FOURTEEN US Economic Conditions and Monetary Policy Considerations
- FIFTEEN Remarks
- About the Contributors and Discussants
- About the Hoover Institution's Working Group on Economic Policy
- Index.
- Notes:
- Includes index.
- Description based on print version record.
- ISBN:
- 0-8179-2238-5
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