Currencies, capital, and central bank balances /

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Bibliographic Details
Imprint:Stanford, California : Hoover Institution Press, 2019.
©2019
Description:1 online resource (xv, 350 pages) : illustrations
Language:English
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12283812
Hidden Bibliographic Details
Other authors / contributors:Cochrane, John H. (John Howland), 1957- editor.
Palermo, Kyle, editor.
Taylor, John B., editor.
Auclert, Adrien, author.
ISBN:9780817922382
0817922385
9780817922344
0817922342
Notes:Includes bibliographical references and index.
Print version record
Summary:Drawing from their 2018 conference, the Hoover Institution brings together leading academics and monetary policy makers to share ideas about the practical issues facing central banks today. The expert contributors discuss U.S. monetary policy at individual central banks and reform of the international monetary and financial system. The discussion is broken down into seven key areas: 1) International Rules of the Monetary Game; 2) Banking, Trade and the Making of the Dominant Currency; 3) Capital Flows, the IMF's Institutional View and Alternatives; 4) Payments, Credit and Asset Prices; 5) Financial Stability, Regulations and the Balance Sheet; 6) The Future of the Central Bank Balance Sheet; and 7) Monetary Policy and Reform in Practice. With in-depth discussions of the volatility of capital flows and exchange rates, and the use of balance sheet policy by central banks, they examine relevant research developments and debate policy options.
Other form:Print version: Currencies, capital, and central bank balances. Stanford, California : Hoover Institution Press, Stanford University, [2019] 0817922342
Table of Contents:
  • International rules of the monetary game
  • Dollar dominance in trade and finance
  • Managing capital flows: toward a policy maker's vade mecum
  • The IMF's institutional view: a critique
  • Capital flows, the IMF's institutional view, and an alternative
  • Monetary policy with a layered payment system
  • Liquidity regulation and the size of the Fed's balance sheet / Randal K. Quarles
  • Normalizing the Federal Reserve's balance sheet and policy implementation / Lorie K. Logan
  • Get up off the floor / William Nelson
  • The Fed's balance sheet strategy: what now? / Mikey D. Levy
  • Should the Fed 'stay big' or 'slim down'? / Peter R. Fisher
  • Anchoring inflation expectations in a low R-star world / John C. Williams
  • Monetary policy and reform in practice / Esther L. George
  • US economic conditions and monetary policy considerations / Robert S. Kaplan
  • Remarks / Raphael Bostic.