圖書標籤: 經濟學 貨幣政策 金融 貨幣政策操作 貨幣 中央銀行 英文 經管
发表于2024-11-05
Monetary Policy Operations and the Financial System pdf epub mobi txt 電子書 下載 2024
The financial crisis and its aftermath have highlighted the importance of understanding how central banks operate, that is, how they use their balance sheets and other tools to implement monetary policy decisions. This book offers a unique and detailed view of the structure, history, and impact of monetary policy operations, both in normal times and in times of crisis. Written by a leading expert and experienced central banker, it is essential reading for policy makers, practitioners, and academics alike. Todd Keister, Professor of Economics, Rutgers, The State University of New Jersey For a long time, monetary policy operations used to be a rather boring subject. But since 2007, central banks worldwide had to engage in a wide range of unconventional policy measures which are hard to understand and evaluate for non-experts. Written by the person in charge of monetary policy operations at the ECB, this book provides an excellent account of the conduct of monetary policy during times of crises. It introduces the basic theoretical models needed to understand the driving forces behind liquidity crises and outlines adequate policy responses. At the same time, it carefully addresses the risks involved in these measures. The interaction between monetary policy and financial stability being of key relevance for the next decades, this book comes just at the right time. It provides invaluable insights both in the theory and the practice of non-conventional monetary policy. Gerhard Illing, Professor at LMU University of Munich Any monetary economist, central banker, or central bank watcher should read this. If only a treatise like this had been available when I joined the Monetary Policy Committee of the Bank of England: rigorous, aware of historical and institutional realities, and directly and operationally policy-relevant. Willem H. Buiter, Ph.D., Global Chief Economist, Citi Ulrich Bindseil's book provides a consistent framework to understand central bank action, including the related trade-offs and dilemmas. It is both principle-based and deeply rooted in the ECB experience in the European crisis. It is a must read for central bankers, in sunny and in rainy days. Benoit Coeure, member of the Executive Board of the European Central Bank
Ulrich Bindseil, Director General Market Operations, European Central Bank
After his studies, Ulrich Bindseil joined the Deutsche Bundesbank's economics department in 1994. In 1997, he moved on to the European Monetary Institute and to the European Central bank in 1998. There, he was subsequently responsible for the Liquidity Management Section, the Risk Management Division, and finally for the Directorate General Market Operations (since 2012). He has been a lecturer and visiting professor at the Technical University of Berlin since 2008 and has published in the areas of central bank market operations, risk management, and European governance.
難得的好書,五星力薦。前半部分大緻與 Bindseil(2005) 相同,敘述瞭非危機時期的貨幣政策操作框架,後半部分對危機時期的貨幣政策操作框架的敘述非常有價值。因為讀的比較快,所以數學模型沒有很細緻地去看,有機會的時候準備再細細讀一遍。
評分難得的好書,五星力薦。前半部分大緻與 Bindseil(2005) 相同,敘述瞭非危機時期的貨幣政策操作框架,後半部分對危機時期的貨幣政策操作框架的敘述非常有價值。因為讀的比較快,所以數學模型沒有很細緻地去看,有機會的時候準備再細細讀一遍。
評分難得的好書,五星力薦。前半部分大緻與 Bindseil(2005) 相同,敘述瞭非危機時期的貨幣政策操作框架,後半部分對危機時期的貨幣政策操作框架的敘述非常有價值。因為讀的比較快,所以數學模型沒有很細緻地去看,有機會的時候準備再細細讀一遍。
評分難得的好書,五星力薦。前半部分大緻與 Bindseil(2005) 相同,敘述瞭非危機時期的貨幣政策操作框架,後半部分對危機時期的貨幣政策操作框架的敘述非常有價值。因為讀的比較快,所以數學模型沒有很細緻地去看,有機會的時候準備再細細讀一遍。
評分難得的好書,五星力薦。前半部分大緻與 Bindseil(2005) 相同,敘述瞭非危機時期的貨幣政策操作框架,後半部分對危機時期的貨幣政策操作框架的敘述非常有價值。因為讀的比較快,所以數學模型沒有很細緻地去看,有機會的時候準備再細細讀一遍。
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Monetary Policy Operations and the Financial System pdf epub mobi txt 電子書 下載 2024