Central Bank Balance Sheet and Real Business Cycles / / Mustapha Akinkunmi.

• Superior document: Title is part of eBook package: De Gruyter DG Plus DeG Package 2018 Part 1
• VerfasserIn: Akinkunmi, Mustapha,
• Place / Publishing House: Berlin ;, Boston : : De Gruyter, , [2018]; ©2018
• Year of Publication: 2018
• Language: English
• Physical Description: 1 online resource (XV, 185 p.)

Central Bank Balance Sheet and Real Business Cycles argues that a deeper comprehension of changes to the central bank balance sheet can lead to more effective policymaking. Any transaction engaged in by the central bank—issuing currency, conducting foreign exchange operations, investing its own funds, intervening to provide emergency liquidity assistance and carrying out monetary policy operations—influences its balance sheet. Despite this, many central banks throughout the world have largely ignored balance sheet movements, and have instead focused on implementing interest rates. In this book, Mustapha Abiodun Akinkunmi highlights the challenges and controversies faced by central banks in the past and present when implementing policies, and analyzes the links between these policies, the central bank balance sheet, and the consequences to economies as a whole. He argues that the composition and evolution of the central bank balance sheet provides a valuable basis for understanding the needs of an economy, and is an important tool in developing strategies that would most effectively achieve policy goals. This book is an important resource for anyone interested in monetary policy or whose work is affected by the actions of the policies of central banks.

Table of Contents

Frontmatter -- About De/G PRESS -- Acknowledgments -- About the Author -- Contents -- Preface -- Chapter 1: Global Genesis of the Central Bank -- Chapter 2: Relevance of the Central Bank Balance Sheet -- Chapter 3: Components of Central Bank Balance Sheets -- Chapter 4: Analytical Framework of Central Bank Balance Sheets -- Chapter 5: Evolution of Central Bank Balance Sheets and Their Heterogeneous Dimensions -- Chapter 6: Composition of Central Bank Balance Sheet Assets -- Chapter 7: Financial Ratios of the Central Bank Balance Sheet -- Chapter 8: Central Bank Operations -- Chapter 9: Real Business Cycles -- Chapter 10: Central Bank Balance Sheets and Real Business Cycles -- Chapter 11: Conclusion -- Appendix I: Central Bank Balance Sheets of Different Countries -- Appendix II: Abbreviations -- References -- Index