Monetary policy in East Asia implementation matters
When monetary policy was still largely confined to the setting of interest rates and conventional open market operations, monetary policy implementation could be considered a technical issue beyond the scope for academic analysis. This has changed with the advent of the so-called unconventional mone...
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| Veröffentlicht in: | International Conference Entitled "Monetary Policy Execution in East Asia (2018 : Ludwigshafen) Monetary policy implementation in East Asia |
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| Format: | UnknownFormat |
| Sprache: | eng |
| Veröffentlicht: |
2020
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Tag hinzufügen | Zusammenfassung: | When monetary policy was still largely confined to the setting of interest rates and conventional open market operations, monetary policy implementation could be considered a technical issue beyond the scope for academic analysis. This has changed with the advent of the so-called unconventional monetary policies such as Quantitative Easing (QE). The exact way of conducting such policies has a huge influence not only on financial markets, but also on the real economy and on fiscal affairs. Meanwhile, central bank communication has proven to be a major factor for the efficiency of monetary policy paths, and in this field, too, success depends to a large degree on proper implementation. |
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| ISBN: | 9783030502973 |