Unconventional monetary policy and financial stability: the case of Japan
"Since the financial crisis of 2008-09, central bankers around the world have been forced to abandon conventional monetary policy tools in favour of unconventional policies such as quantitative easing, forward guidance, lowering the interest rate paid on bank reserves into negative territory, a...
Gespeichert in:
| Weitere Verfasser: | , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Abingdon, Oxon
Routledge
2021
|
| Schriftenreihe: | Routledge critical studies in finance and stability
Routledge critical studies in finance and stability |
| Schlagworte: | |
| Online-Zugang: | URL des Erstveroeffentlichers |
| Zusammenfassung: | "Since the financial crisis of 2008-09, central bankers around the world have been forced to abandon conventional monetary policy tools in favour of unconventional policies such as quantitative easing, forward guidance, lowering the interest rate paid on bank reserves into negative territory, and pushing up prices of government bonds. Having faced a crisis in its banking sector nearly a decade earlier, Japan was a pioneer in the use of many of these tools. Unconventional Monetary Policy and Financial Stability critically assesses the measures used by Japan and examines what they have meant for the theory and practice of economic policy. The book shows how in practice unconventional monetary policy has worked through its impact on the financial markets. The text aims to generate an understanding of why such measures were introduced and how the Japanese system has subsequently changed regarding aspects such as governance and corporate balance sheets. It provides a comprehensive study of developments in Japanese money markets with the intent to understand the impact of policy on the debt structures that appear to have caused Japan's deflation. The topics covered range from central bank communication and policymaking to international financial markets and bank balance sheets. This text is of great interest to students and scholars of banking, international finance, financial markets, political economy, and the Japanese economy"-- |
| Beschreibung: | Description based on online resource; title from digital title page (viewed on July 21, 2020) |
| Beschreibung: | 1 online resource (xix, 195 pages) illustrations |
| ISBN: | 9780429629617 0429629613 9780429032479 0429032471 9780429626333 0429626339 9780429627972 0429627971 |
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| 520 | |a "Since the financial crisis of 2008-09, central bankers around the world have been forced to abandon conventional monetary policy tools in favour of unconventional policies such as quantitative easing, forward guidance, lowering the interest rate paid on bank reserves into negative territory, and pushing up prices of government bonds. Having faced a crisis in its banking sector nearly a decade earlier, Japan was a pioneer in the use of many of these tools. Unconventional Monetary Policy and Financial Stability critically assesses the measures used by Japan and examines what they have meant for the theory and practice of economic policy. The book shows how in practice unconventional monetary policy has worked through its impact on the financial markets. The text aims to generate an understanding of why such measures were introduced and how the Japanese system has subsequently changed regarding aspects such as governance and corporate balance sheets. It provides a comprehensive study of developments in Japanese money markets with the intent to understand the impact of policy on the debt structures that appear to have caused Japan's deflation. The topics covered range from central bank communication and policymaking to international financial markets and bank balance sheets. This text is of great interest to students and scholars of banking, international finance, financial markets, political economy, and the Japanese economy"-- | ||
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Datensatz im Suchindex
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| author2 | Stenfors, Alexis Toporowski, Jan |
| author2_role | edt edt |
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| author_facet | Stenfors, Alexis Toporowski, Jan |
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| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 339 - Macroeconomics and related topics |
| dewey-raw | 339.5/30952 |
| dewey-search | 339.5/30952 |
| dewey-sort | 3339.5 530952 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | DE-604.BV047016666 |
| illustrated | Illustrated |
| index_date | 2024-07-03T15:58:18Z |
| indexdate | 2024-07-10T09:00:14Z |
| institution | BVB |
| isbn | 9780429629617 0429629613 9780429032479 0429032471 9780429626333 0429626339 9780429627972 0429627971 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-032424202 |
| open_access_boolean | |
| physical | 1 online resource (xix, 195 pages) illustrations |
| psigel | ZDB-7-TFC |
| publishDate | 2021 |
| publishDateSearch | 2021 |
| publishDateSort | 2021 |
| publisher | Routledge |
| record_format | marc |
| series2 | Routledge critical studies in finance and stability |
| spelling | Unconventional monetary policy and financial stability the case of Japan edited by Alexis Stenfors and Jan Toporowski Abingdon, Oxon Routledge 2021 © 2021 1 online resource (xix, 195 pages) illustrations txt rdacontent c rdamedia cr rdacarrier Routledge critical studies in finance and stability Description based on online resource; title from digital title page (viewed on July 21, 2020) "Since the financial crisis of 2008-09, central bankers around the world have been forced to abandon conventional monetary policy tools in favour of unconventional policies such as quantitative easing, forward guidance, lowering the interest rate paid on bank reserves into negative territory, and pushing up prices of government bonds. Having faced a crisis in its banking sector nearly a decade earlier, Japan was a pioneer in the use of many of these tools. Unconventional Monetary Policy and Financial Stability critically assesses the measures used by Japan and examines what they have meant for the theory and practice of economic policy. The book shows how in practice unconventional monetary policy has worked through its impact on the financial markets. The text aims to generate an understanding of why such measures were introduced and how the Japanese system has subsequently changed regarding aspects such as governance and corporate balance sheets. It provides a comprehensive study of developments in Japanese money markets with the intent to understand the impact of policy on the debt structures that appear to have caused Japan's deflation. The topics covered range from central bank communication and policymaking to international financial markets and bank balance sheets. This text is of great interest to students and scholars of banking, international finance, financial markets, political economy, and the Japanese economy"-- Banks and banking / Japan Monetary policy / Japan Finance / Japan Stenfors, Alexis edt Toporowski, Jan edt https://www.taylorfrancis.com/books/9780429032479 Verlag URL des Erstveroeffentlichers Volltext |
| spellingShingle | Unconventional monetary policy and financial stability the case of Japan Banks and banking / Japan Monetary policy / Japan Finance / Japan |
| title | Unconventional monetary policy and financial stability the case of Japan |
| title_auth | Unconventional monetary policy and financial stability the case of Japan |
| title_exact_search | Unconventional monetary policy and financial stability the case of Japan |
| title_exact_search_txtP | Unconventional monetary policy and financial stability the case of Japan |
| title_full | Unconventional monetary policy and financial stability the case of Japan edited by Alexis Stenfors and Jan Toporowski |
| title_fullStr | Unconventional monetary policy and financial stability the case of Japan edited by Alexis Stenfors and Jan Toporowski |
| title_full_unstemmed | Unconventional monetary policy and financial stability the case of Japan edited by Alexis Stenfors and Jan Toporowski |
| title_short | Unconventional monetary policy and financial stability |
| title_sort | unconventional monetary policy and financial stability the case of japan |
| title_sub | the case of Japan |
| topic | Banks and banking / Japan Monetary policy / Japan Finance / Japan |
| topic_facet | Banks and banking / Japan Monetary policy / Japan Finance / Japan |
| url | https://www.taylorfrancis.com/books/9780429032479 |
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