Financial Markets, Banking and the Design of Monetary Policy: A Stable Baseline Scenario
نویسندگان
چکیده
منابع مشابه
Financial Markets, Banking and the Design of Monetary Policy: A Stable Baseline Scenario
A baseline integration of commercial banks into the disequilibrium framework with behavioral traders of Charpe et al. (2011, 2012) is presented. At the core of the analysis is the impact the banking sector exerts on the interaction of real and financial markets. Potentially destabilizing feedback channels in the presence of imperfect macroeconomic portfolio adjustment and heterogeneous expectat...
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Central banks in the major industrialized economies implement policy by intervening in the money market to achieve a target level for a short-term interest rate.1 Why central banks use a short-term interest rate as a policy instrument, and how they achieve the targeted value they set for this rate are topics to be discussed in chapter 11. The focus in this chapter is on the role of nancial mar...
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■ Abstract The study of financial markets, money, and banking is largely considered the purview of economics. Yet sociologists have contributed greatly to understanding financial relations since the early history of the discipline. This review begins with an overview of classical sociological approaches to financial markets, money, and banking and then describes how research in these areas expl...
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ژورنال
عنوان ژورنال: Economies
سال: 2013
ISSN: 2227-7099
DOI: 10.3390/economies2010001