Currencies, capital, and central bank balances
- edited by John H. Cochrane, Kyle Palermo, John B. Taylor ; contributing authors, Adrien Auclert [and 23 others] ; with additional discussants.
- Stanford, California : Hoover Institution Press, 2019.
- Copyright notice
- Physical description
- xv, 350 pages : illustrations ; 24 cm.
- Hoover Institution Press publication ; 697.
- Cochrane, John H. (John Howland), 1957- editor.
- Palermo, Kyle, editor.
- Taylor, John B., editor.
- Auclert, Adrien, author.
- Hoover Institution on War, Revolution, and Peace. Working Group on Economic Policy.
- Includes bibliographical references and index.
- Part I. ONE. International Rules of the Monetary Game; TWO. Dollar Dominance in Trade and Finance; SYMPOSIUM ON Capital Flows, the IMF's Institutional View and Alternatives; Introduction; THREE. Managing Capital Flows: Toward a Policy Maker's Vade Mecum; FOUR. The IMF's Institutional View: A Critique; FIVE. Capital Flows, the IMF's Institutional View, and an Alternative
- PART II. SIX. Monetary Policy with a Layered Payment System; SEVEN. Liquidity Regulation and the Size of the Fed's Balance Sheet; SYMPOSIUM ON The Future of Central Bank Balance Sheets; Introduction. EIGHT. Normalizing the Federal Reserve's Balance Sheet and Policy Implementation; NINE. Get Up Off the Floor; TEN. The Fed's Balance Sheet Strategy: What Now?; ELEVEN. Should the Fed 'Stay Big' or 'Slim Down'?
- PART III. TWELVE. Anchoring Inflation Expectations in a Low R-star World; SYMPOSIUM ON Monetary Policy and Reform in Practice; Introduction; THIRTEEN. Monetary Policy and Reform in Practice; FOURTEEN. US Economic Conditions and Monetary Policy Considerations; FIFTEEN. Remarks; About the Contributors and Discussants; About the Hoover Institution's Working Group on Economic Policy; Index.
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-issues very much related because of the large effect of balance sheet operations on exchange rates and capital flows. The discussion is broken down into seven key areas: 1) International Rules of the Monetary Game2) Banking, Trade and the Making of the Dominant Currency3) Capital Flows, the IMF's Institutional View and Alternatives4) Payments, Credit and Asset Prices5) Financial Stability, Regulations and the Balance Sheet6) The Future of the Central Bank Balance Sheet7) 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.
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- Currencies, capital, & central bank balances
- Hoover Institution Press publication ; no.697
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