Monetary policy implementation in East Asia / Frank Rövekamp, Moritz Bälz, Hanns Günther Hilpert, editors.

This book shares essential insights into the implementation of monetary policy in various East Asian countries. Highlighting case studies from China, Taiwan, Korea, Japan and Singapore, leading economists and practitioners from central banks illustrate how dependent effective monetary policy is on t...

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Bibliographic Details
Other Authors: Rövekamp, Frank, Bälz, Moritz, Günther Hilpert, Hanns
Format: eBook
Language:English
Published: Cham : Springer, 2020.
Series:Financial and monetary policy studies ; 51.
Subjects:
Online Access:Click for online access

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245 0 0 |a Monetary policy implementation in East Asia /  |c Frank Rövekamp, Moritz Bälz, Hanns Günther Hilpert, editors. 
260 |a Cham :  |b Springer,  |c 2020. 
300 |a 1 online resource 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a Financial and monetary policy studies,  |x 0921-8580 ;  |v v. 51 
500 |a Includes index. 
505 0 |a Intro -- Preface and Acknowledgements -- Contents -- Contributors -- Abbreviations -- 1 Monetary Policy in East Asia: Implementation Matters -- References -- Part IThe Framework of Monetary Policy Implementation -- 2 China's Monetary Policy: Institutional Setting, Tools and Challenges -- 2.1 Introduction -- 2.2 Institutional Setting of China's Monetary Policy -- 2.2.1 The Mandate of the People's Bank of China (PBC) -- 2.2.2 The Role of the Monetary Policy Committee (MPC) -- 2.2.3 The PBC in the Post-March 2018 Institutional Setup 
505 8 |a 2.3 Targets, Tools and Track Record of Chinese Monetary Policy -- 2.3.1 Monetary Policy Targets and Main Tools -- 2.3.2 Evolution and Successes in Recent Years -- 2.4 Challenges in Terms of Transparency and Independence -- 2.4.1 How Transparent is China's Monetary Policy? -- 2.4.2 How Independent is the PBC with Regard to Monetary Policy? -- 2.4.3 Relationship Between Transparency and Independence -- 2.5 Conclusion -- References -- 3 Inflation Targeting in Korea -- 3.1 Introduction -- 3.2 A Brief History of IT in Korea -- 3.3 A Tool for Assessing IT in Korea 
505 8 |a 3.4 Assessing the Operation of IT in Korea -- 3.5 Conclusion and the Future Prospects for IT -- References -- Part IICentral Banks in Foreign Exchange Markets -- 4 Exchange-Rate Management in East Asia: Words and Deeds -- 4.1 Introduction -- 4.2 Exchange-Rate Policies of East Asian Countries -- 4.3 Currency Manipulation in East Asia? -- 4.4 Foreign Exchange Interventions and the Exchange Rate -- 4.5 Conclusions -- References -- 5 Taiwan's Exchange-Rate Policy and Its Current Challenges -- 5.1 Introduction -- 5.2 The Impact of Short-Term Capital Flows on Taiwan's Financial Market 
505 8 |a 5.3 Policy Measures to Address the Aforementioned Issue -- 5.4 The CBC's Policy: Dynamic Stability of the NTD Exchange Rate -- 5.5 Conclusion -- References -- 6 Monetary Policy Implementation in Singapore -- 6.1 Implementing an Exchange Rate-Centred Monetary Policy -- 6.2 Assessing Banks' Demands for Reserves -- 6.3 Conducting Money-Market Operations -- 6.4 Summary -- References -- Part IIIDimensions of Monetary Policy Implementation -- 7 The Asset Purchase Programmes of the ESCB in the Courts -- 7.1 Introduction -- 7.2 The Programmes -- 7.2.1 Covered Bond Purchase Programmes (CBPP) 
505 8 |a 7.2.2 Securities Market Programme (SMP) -- 7.2.3 Long-Term Refinancing Operations (LTRO) -- 7.2.4 Outright Monetary Transactions (OMT) -- 7.2.5 Expanded Assets Purchase Programme (EAPP) -- 7.3 Economic Facts -- 7.3.1 Terminated Programmes -- 7.3.2 Asset Purchase Programme (APP) -- 7.3.3 Consolidated Volume and Asset Structure -- 7.4 Challenging the Legality of the Securities Market Programme (SMP) -- 7.4.1 Temporary Injunction -- 7.4.2 Procedural Separation and Referral to the CJEU by the GFCC -- 7.4.3 GFCC Final Judgment I -- 7.5 The Battle Over the Outright Monetary Transactions (OMT) 
520 |a This book shares essential insights into the implementation of monetary policy in various East Asian countries. Highlighting case studies from China, Taiwan, Korea, Japan and Singapore, leading economists and practitioners from central banks illustrate how dependent effective monetary policy is on the institutional and financial market environment, as well as on successful implementation and communication. The respective contributions cover various aspects of monetary policy implementation, such as: How is inflation targeting handled? For what purposes and how do central banks operate on financial markets, and what are the (at times unintended) effects? How do currency market interventions help achieve the monetary policy targets set by individual countries or areas? In addition, Asian experiences are contrasted with those from the Eurozone. 
650 0 |a Monetary policy  |z East Asia. 
650 7 |a International finance.  |2 bicssc 
650 7 |a Economics.  |2 bicssc 
650 7 |a International economics.  |2 bicssc 
650 7 |a Political economy.  |2 bicssc 
650 7 |a Macroeconomics.  |2 bicssc 
650 7 |a Business & Economics  |x Finance.  |2 bisacsh 
650 7 |a Business & Economics  |x Economics  |x General.  |2 bisacsh 
650 7 |a Business & Economics  |x International  |x Economics.  |2 bisacsh 
650 7 |a Political Science  |x Public Policy  |x Economic Policy.  |2 bisacsh 
650 7 |a Business & Economics  |x Economics  |x Macroeconomics.  |2 bisacsh 
650 7 |a Monetary policy  |2 fast 
651 7 |a East Asia  |2 fast 
700 1 |a Rövekamp, Frank. 
700 1 |a Bälz, Moritz. 
700 1 |a Günther Hilpert, Hanns. 
758 |i has work:  |a Monetary policy implementation in East Asia (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCGm7tjmg67FC7vxp4BXt83  |4 https://id.oclc.org/worldcat/ontology/hasWork 
776 0 8 |i Print version:  |t Monetary policy implementation in East Asia.  |d Cham : Springer, 2020  |z 303050297X  |z 9783030502973  |w (OCoLC)1154887485 
830 0 |a Financial and monetary policy studies ;  |v 51. 
856 4 0 |u https://holycross.idm.oclc.org/login?auth=cas&url=https://link.springer.com/10.1007/978-3-030-50298-0  |y Click for online access 
903 |a SPRING-ECON2020 
994 |a 92  |b HCD