Central banking, monetary policy, and exchange rates / edited by Lilian Rolim (assistant professor, Instituto de Economia, Universidade Estadual de Campinas (UNICAMP)), Nathalie Marins (assistant professor, Federal University of Rio de Janeiro) and Sylvio Antonio Kappes (assistant professor, Federal University of Alagoas, Brazil, co-editor, Review of Political Economy and co-director, Monetary Policy Institute).

Format:

Book

Contributor:

Rolim, Lilian, editor.

Marins, Nathalie, editor.

Kappes, Sylvio Antonio, editor.

Edward Elgar Publishing, publisher.

Series:

Elgar series on central banking and monetary policy

The elgar series on central banking and monetary policy

Language:

English

Subjects (All):

Banks and banking, Central.

Monetary policy.

Foreign exchange rates.

Genre:

Electronic books.

Physical Description:

1 online resource (190 pages)

Place of Publication:

Northampton : Edward Elgar Publishing, 2026.

Summary:

"This informative book provides an overview of monetary policy in open economies from a post-Keynesian perspective. Leading experts discuss how exchange rate dynamics interact with central banking practices, monetary policy strategies and how they influence growth and inflation. Across a blend of theoretical and empirical chapters, the book examines transformations in the framework of central banking and monetary policymaking, including the recognition that the exchange rate should not be viewed merely as a passive shock absorber but as a strategic policy variable. The contributing authors address exchange rate determination in the context of high financial integration and investigate the macroeconomic implications of exchange rate volatility. Chapters explore key topics such as conflict inflation, interest-rate parity theorems, the Covid-19 shock and the global offshore-dollar system. Students and academics focusing on post-Keynesian economics, financial economics and regulation, political economy and money and banking will greatly benefit from this book. It is also an interesting read for practitioners in central banking"-- Provided by publisher.

Contents:

Contents: About the editors list of contributors

Introduction to central banking, monetary policy, and exchange rates / Lilian Rolim, Nathalie Marins, and Sylvio Kappes

Part I: Theory and accounting

1. An accounting framework for understanding exchange rates / John T. Harvey

2. Exogenous interest rate and interest rate parity theorems: The post-Keynesian debate and a proposed alternative / Ricardo Summa and Nathalie Marins

3. Financialization of the exchange rate: Conceptual delimitations and description of the Brazilian case / Pedro Rossi and Ana Carolina Nicacio

Part II: Instruments

4. A balance sheet approach to international trade and capital flows / Sylvio Antonio Kappes

5. Repo market and primary dealers: Derisking in the Brazilian Central Bank's liquidity management / Cyro Faccin, Daphnae Helena Picoli, and Bruno De Conti

6. Central banking in subordinate financialized capitalism / Annina Kaltenbrunner and Juan Pablo Painceira

Part III: Macroeconomic implications

7. Endogenous productivity regime and the impact of a competitive real exchange rate on economic growth / Hugo Iasco-Pereira and Fabr�icio Missio

8. Exchange rates and conflict inflation theory / Guilherme Spinato Morlin.

Notes:

Description based on print record.

ISBN:

9781035330058 (e-book)

Access Restriction:

Restricted for use by site license.