Introduction to Central Banking.
Saved in:
Superior document: | SpringerBriefs in Quantitative Finance Series |
---|---|
: | |
TeilnehmendeR: | |
Place / Publishing House: | Cham : : Springer International Publishing AG,, 2021. ©2021. |
Year of Publication: | 2021 |
Edition: | 1st ed. |
Language: | English |
Series: | SpringerBriefs in Quantitative Finance Series
|
Online Access: | |
Physical Description: | 1 online resource (145 pages) |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
LEADER | 05373nam a22004213i 4500 | ||
---|---|---|---|
001 | 5006627528 | ||
003 | MiAaPQ | ||
005 | 20240229073841.0 | ||
006 | m o d | | ||
007 | cr cnu|||||||| | ||
008 | 240229s2021 xx o ||||0 eng d | ||
020 | |a 9783030708849 |q (electronic bk.) | ||
020 | |z 9783030708832 | ||
035 | |a (MiAaPQ)5006627528 | ||
035 | |a (Au-PeEL)EBL6627528 | ||
035 | |a (OCoLC)1253554735 | ||
040 | |a MiAaPQ |b eng |e rda |e pn |c MiAaPQ |d MiAaPQ | ||
050 | 4 | |a HG1-9999 | |
100 | 1 | |a Bindseil, Ulrich. | |
245 | 1 | 0 | |a Introduction to Central Banking. |
250 | |a 1st ed. | ||
264 | 1 | |a Cham : |b Springer International Publishing AG, |c 2021. | |
264 | 4 | |c ©2021. | |
300 | |a 1 online resource (145 pages) | ||
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 SpringerBriefs in Quantitative Finance Series | |
505 | 0 | |a Intro -- Acknowledgements -- About This Book -- Contents -- Abbreviations -- Symbols in Balance Sheets and Tables -- List of Figures -- List of Tables -- 1 Economic Accounts and Financial Systems -- 1.1 Real Economic Sectors and Basic Types of Transactions -- 1.2 The Financial Sector and Financial Transactions -- 1.2.1 Commodity Money, Financial Assets and IOU Economy -- 2 Central Banks -- 2.1 Central Banks in a Paper Standard -- 2.2 Changes to the Demand of Financial Assets in a Paper Standard -- 2.2.1 If Financial Sectors not Ready to Compensate Missing Demand for Securities -- 2.2.2 Commercial Banks Absorb Security Flow -- 2.2.3 The Central Bank Absorb Flows and Acts as Market Maker of Last Resort -- 2.3 Interbank Flows -- 2.4 Role of Commercial Banks in Money Creation -- 2.4.1 Credit Money Created by Banks -- 2.4.2 "Sovereign Money" and "Full Reserve Banking" -- 2.4.3 "Central Bank Digital Currency" (CBDC) Accessible to Non-Banks -- 3 Conventional Monetary Policy -- 3.1 Short-Term Interest Rates as the Operational Target of Monetary Policy -- 3.1.1 The Targets of Monetary Policy -- 3.1.2 The Basic Natural Rate Logic of Monetary Policy -- 3.1.3 Complicating the Basic Natural Rate Logic -- 3.1.4 Transmission Channels of Monetary Policy -- 3.2 Composition of the Central Bank Balance Sheet -- 3.2.1 Autonomous Factors -- 3.2.2 Monetary Policy Instruments -- 3.2.3 Liquidity Providing and Liquidity Absorbing Items -- 3.3 Monetary Policy Implementation Techniques -- 3.3.1 The Ceiling Approach -- 3.3.2 The Floor Approach -- 3.3.3 The Symmetric Corridor Approach -- 3.4 The Central Bank Collateral Framework -- 3.4.1 Why Collateral? -- 4 Unconventional Monetary Policy -- 4.1 Rationale and Definition of "Unconventional" Monetary Policy -- 4.2 Negative Interest Rate Policy (NIRP) -- 4.2.1 Reasons for a Lower Bound. | |
505 | 8 | |a 4.2.2 Criticism of the Negative Interest Rate Policy -- 4.3 Non-Conventional Credit Operations -- 4.4 Outright Purchase Programmes -- 4.5 Distinguishing Between Conventional, Non-Conventional, and LOLR Policies -- 5 Financial Instability -- 5.1 Liquidity, Asset Prices, and Default -- 5.2 Conditional and Unconditional Insolvency, and Bank Runs -- 5.3 Illiquidity in Credit and Dealer Markets -- 5.3.1 Credit Markets -- 5.3.2 Dealer Markets -- 5.4 Increasing Haircuts and Margin Calls -- 5.5 Interaction Between Crisis Channels -- 6 The Central Bank as Lender of Last Resort -- 6.1 Principles and Rationale for the Central Bank Acting as Lender of Last Resort -- 6.1.1 Origin and Principles of LOLR -- 6.1.2 Why Should Central Banks Be Lenders of Last Resort? -- 6.2 Forms and Propensity to Act as LOLR -- 6.2.1 Forms of LOLR -- 6.2.2 Overall Propensity of a Central Bank to Act as LOLR -- 6.3 Central Bank Collateral as a Key LOLR Parameter in a Simple Bank Run Model -- 6.3.1 A Bank Run Model with Binary Levels of Asset Liquidity -- 6.3.2 The Model with Continuous Asset Liquidity -- 6.4 Conclusions -- 7 International Monetary Frameworks -- 7.1 Why Do Fixed Exchange Rates Persist? -- 7.2 Past International Monetary Frameworks -- 7.2.1 The Gold Standard -- 7.2.2 The Bretton Woods System -- 7.3 International Monetary Frameworks of the Present -- 7.3.1 Fixed Exchange Rate System-Paper Standard -- 7.3.2 Flexible Exchange Rate Systems -- 7.3.3 The European Monetary Union -- 7.3.4 Foreign Reserves -- References. | |
588 | |a Description based on publisher supplied metadata and other sources. | ||
590 | |a Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries. | ||
655 | 4 | |a Electronic books. | |
700 | 1 | |a Fotia, Alessio. | |
776 | 0 | 8 | |i Print version: |a Bindseil, Ulrich |t Introduction to Central Banking |d Cham : Springer International Publishing AG,c2021 |z 9783030708832 |
797 | 2 | |a ProQuest (Firm) | |
830 | 0 | |a SpringerBriefs in Quantitative Finance Series | |
856 | 4 | 0 | |u https://ebookcentral.proquest.com/lib/oeawat/detail.action?docID=6627528 |z Click to View |