Tumultuous times central banking in an era of crisis
"The book gathers the personal reflections about what the author learned about central bank and monetary policy during the tumultuous five years (2008-2013) during which he served as governor of the Bank of Japan. Many books have been written about the global financial crisis by academics and i...
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| Format: | UnknownFormat |
| Sprache: | eng |
| Veröffentlicht: |
New Haven
Yale University Press
2021
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| Schriftenreihe: | Yale program on financial stability series
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| Schlagworte: | |
| Online Zugang: | Inhaltsverzeichnis |
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Tag hinzufügen | Zusammenfassung: | "The book gathers the personal reflections about what the author learned about central bank and monetary policy during the tumultuous five years (2008-2013) during which he served as governor of the Bank of Japan. Many books have been written about the global financial crisis by academics and influential policymakers, including central bank governors. This book focuses on the experience of the Japanese, which is deeply important. The issues covered range from the financial bubble, the financial crisis, deflation, the rapid aging of the population, and the experiences of Japan on the frontier of unconventional monetary policy (QE and forward guidance). But just focusing on analytics of monetary policy is too narrow. Various activities of the central bank-financial supervision, payment and settlement services, and crisis management in the event of severe natural disaster, such as the earthquake hitting Japan in 2011-are covered. The political economy aspect and governance issue of central banks-the role of unelected officials in a democratic society-are also intensively discussed." |
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| ISBN: | 9780300258974 978-0-300-25897-4 |