Climate Change, Financial Stability and Monetary Policy
نویسندگان
چکیده
منابع مشابه
COMMENTARY Monetary Policy and Financial Stability: An Emerging Markets Perspective
The world has endured a deep financial crisis and a great recession. Emerging markets are performing much better than they have in the past, especially in Latin America. The huge difference between the recent crisis and previous ones in emerging economies is that this time ‘it was not our fault’. The evidence from the emerging countries facing this unprecedented global downturn indicates that p...
متن کاملFinancial globalization and monetary policy
Financial Globalization and Monetary Policy* The process of financial globalization has significantly altered the environment in which national monetary policy authorities operate. What implications does this have for the design of monetary policy? The question can be properly addressed only in the context of a model where monetary policy interacts with financial market efficiency. This paper i...
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he 1990s were characterized by substantial financial sector consolidation across a large number of industrialized countries. This consolidation included within-industry and within-country consolidation as well as cross-industry (for example, banking and insurance) and cross-border consolidation. In addition to mergers and acquisitions, there was a substantial increase in joint ventures and stra...
متن کاملStability and Monetary policy
i am very pleased to have the opportunity to discuss this timely and thought-provoking paper. its implications are particularly relevant, more than a year after the onset of the current financial turmoil. in particular, views remain divided on how economic activity is being affected, and how we can best ensure that lessons learned from this period help to strengthen our crisis prevention and ma...
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This paper is a contribution to the literature on the factors behind financial stability, focusing on monetary policy design. In particular, it assesses empirically for a sample of 79 countries in the period 1970 to 2000 whether the choice of the central bank objectives and the monetary policy strategy affect financial stability. We find that focusing the central bank objectives on price stabil...
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ژورنال
عنوان ژورنال: Ecological Economics
سال: 2018
ISSN: 0921-8009
DOI: 10.1016/j.ecolecon.2018.05.011