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Central Banking, Monetary Policies, and the Implications for Transition Economies

  • Book
  • © 1999

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Authors:
  1. Mario I. Blejer
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  2. Marko Škreb
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Table of contents (16 chapters)

  1. Front Matter

    Pages i-xi
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  2. Introduction

    1. Front Matter

      Pages 1-1
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    2. Central Banking and Monetary Policy

      • Mario I. Blejer, Marko Škreb
      Pages 3-7

  3. Central-Bank Independence

    1. Front Matter

      Pages 9-9
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    2. Central-Bank Independence and Monetary Policy

      • Jacob A. Frenkel
      Pages 11-30

    3. Central Banking in a Democratic Society

      • Frederic S. Mishkin
      Pages 31-53

    4. Central-Bank Independence and Political Business Cycles

      • Allan Drazen
      Pages 55-71

    5. Political Culture and the Political Economy of Central-Bank Independence

      • Arye L. Hillman
      Pages 73-86

  4. Defining Central-Bank Functions

    1. Front Matter

      Pages 87-87
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    2. Central Banking and Economic Development

      • Maxwell J. Fry
      Pages 89-139

  5. Central Banks And Financial Soundness

    1. Front Matter

      Pages 141-141
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    2. Central Banks, Asset Bubbles, and Financial Stability

      • George G. Kaufman
      Pages 143-183

    3. The Conduct of Monetary Policy and Banking Soundness

      • Velimir Bole
      Pages 185-212

  6. Disinflation and the Role Of Nominal Targets

    1. Front Matter

      Pages 213-213
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    2. Monetary Policy Strategies for Disinflation

      • Gil Bufman, Leonardo Leiderman
      Pages 215-269

  7. Currency Crises and Capital Controls

    1. Front Matter

      Pages 271-271
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    2. Speculative Attacks and Capital Mobility

      • Charles Wyplosz
      Pages 273-295

    3. Nascent Capital Flows, Learning, and Chilean-Type Controls

      • Ricardo Martin, Marcelo Selowsky
      Pages 297-316

    4. The Role of the Central Bank in Capital-Account Liberalization V. The Case Of Croatia

      • Velimir Šonje
      Pages 317-338

  8. Currency Boards

    1. Front Matter

      Pages 339-339
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Keywords

About this book

the adaptation of the institutional settings of monetary policy to deal with an emerging market economy had to be carried out in the midst of an unprecedented stabilization effort and, therefore, was particularly urgent and complicated. In many of the transition countries, the transformation effort implied not just changes in procedures but the establishment of a central bank from scratch, a process that involved an important effort, precisely at a time when the whole system was in serious turmoil. While the process of reforms is not yet completed in all the transition countries, an immense amount of progress has been achieved, and many of the transition countries face today monetary and central banking conditions that are close to those of Western economies. In this volume, we collect a number of important contributions that discuss the most burning aspects of the current debates on central banking and monetary policy and draw implications for the postsocialist transition economies. The various papers included in the volume deal with a broad set of related issues, which are highly relevant not just for transition economies but for other emerging markets and for advanced economies as well. The subjects covered in the book are divided into seven major categories (Sections II to VIII), some of which overlap.

Bibliographic Information

  • Book Title: Central Banking, Monetary Policies, and the Implications for Transition Economies

  • Authors: Mario I. Blejer, Marko Škreb

  • DOI: https://doi.org/10.1007/978-1-4615-5193-5

  • Publisher: Springer New York, NY

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer Science+Business Media New York 1999

  • Hardcover ISBN: 978-0-7923-8441-0Published: 31 July 1999

  • Softcover ISBN: 978-1-4613-7365-0Published: 13 November 2012

  • eBook ISBN: 978-1-4615-5193-5Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: XI, 465

  • Topics: Finance, general, Macroeconomics/Monetary Economics//Financial Economics

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