Franklin

Should Unconventional Balance Sheet Policies Be Added to the Central Bank toolkit? [electronic resource] : A Review of the Experience so Far, Ishi, Kotaro.

Author/Creator:
Ishi, Kotaro.
Publication:
Washington, D.C. : International Monetary Fund, 2011.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 11/145.
IMF Working Papers; Working Paper No. 11/145
Format/Description:
Government document
Book
1 online resource (70 p.)
Local subjects:
Bank bond.
Bilateral agreements.
Bond.
Bond market.
Bond markets.
Bond purchase.
Bond purchases.
Bond sales.
Bond yields.
Bonds.
Central bank.
Central bank role.
Central banks.
Central Banks and Their Policies.
Corporate bond.
Corporate bonds.
Crowding out.
Debt management.
Debt management office.
Debt management policy.
Debt management strategy.
Debt manager.
Debt managers.
Debt maturity.
Debt problems.
Domestic financial markets.
External liquidity.
Financial instability.
Financial institutions.
Financial intermediaries.
Financial intermediation.
Financial market.
Financial markets.
Financial policies.
Financial reform.
Financial reforms.
Financial repression.
Financial risk.
Financial sector.
Financial services.
Financial stability.
Financial system.
Financial systems.
Financial volatility.
Flexible exchange rate.
Flexible exchange rate regimes.
Government bond.
Government bond markets.
Government bond yields.
Government bonds.
Government debt.
Government deficit.
Income bond.
Interest rate policy.
International finance.
International Policy Coordination and Transmission.
International reserves.
Liquidity injection.
Liquidity injections.
Liquidity management.
Liquidity support.
Long-term bonds.
Monetary Policy (Targets, Instruments, and Effects).
Money market.
Money market funds.
Money market mutual fund.
Money market rates.
Money markets.
Moral hazard.
Private credit.
Private debt.
Private debtors.
Private sector asset.
Private sector assets.
Public bonds.
Public debt.
Public debt management.
Public debts.
Public sector debt.
Public sector debts.
Reserve assets.
Reserve bank.
Reserve currency.
Reserve portfolio.
Reserve requirements.
Risk management.
Short-term debt.
Short-term debts.
Sovereign debt.
Term bond.
Term bonds.
Japan.
Summary:
What is the case for adding the unconventional balance sheet policies used by major central banks since 2007 to the standard policy toolkit? The record so far suggests that the new liquidity providing policies in support of financial stability generally warrant inclusion. As the balance sheet policies aimed at macroeconomic stability were used only by a small number of highly credible central banks facing a lower bound constraint on conventional interest rate policy, they are not relevant for most central banks or states of the world. Best practices of these policies are documented in this paper.
Notes:
Description based on print version record.
Contributor:
Fujita, Kenji.
Ishi, Kotaro.
Stone, Mark R.
Other format:
Print Version:
ISBN:
1455268461:
9781455268467
ISSN:
1018-5941
Publisher Number:
10.5089/9781455268467.001
Access Restriction:
Restricted for use by site license.
Loading...
Location Notes Your Loan Policy
Description Status Barcode Your Loan Policy