 | Some Alternative Monetary Facts Author/Editor: Peter Stella, Manmohan Singh, Apoorv Bhargava. Release Date:January, 2021 In this paper, we discuss the modern history of monetarism and its alternatives, as well as the changing empirical relationship of various measures of money and inflation. After demonstrating that more...
| Price: $18.00
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 | Money and Collateral Author/Editor: Manmohan Singh, Peter Stella. Release Date:April, 2012 Between 1980 and before the recent crisis, the ratio of financial market debt to liquid assets rose exponentially in the U.S. (and in other financial markets), reflecting in part the greater use of more...
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| The Federal Reserve System Balance Sheet : What Happened and Why it Matters Author/Editor: Peter Stella. Release Date:May, 2009 The recent expansion of the balance sheet of the consolidated Federal Reserve Banks (FRB) is analyzed in an historical context. The analysis reveals that the nature of Fed involvement in U.S. more...
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| Central Bank Response to the 2007–08 Financial Market Turbulence : Experiences and Lessons Drawn Author/Editor: Peter Stella, Seiichi Shimizu, Simon Gray, Ulrich H. Klueh, Alexandre Chailloux. Release Date:September, 2008 The paper reviews the policy response of major central banks during the 2007–08 financial market turbulence and suggests that there is scope for convergence among central bank more...
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| Central Bank Financial Strength and Policy Performance : An Econometric Evaluation Author/Editor: Peter Stella, Ulrich H. Klueh. Release Date:July, 2008 The financial health of central banks and its relation to policy outcomes has recently been recognized as an important policy issue. While case study evidence clearly indicates that weak central bank more...
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| Issues in Central Bank Finance and Independence Author/Editor: Åke Lönnberg, Peter Stella. Release Date:February, 2008 Conventional economic policy models focus only on selected elements of the central bank balance sheet, in particular monetary liabilities and sometimes foreign reserves. The canonical model of an more...
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| Central Bank Financial Strength, Policy Constraints and Inflation Author/Editor: Peter Stella. Release Date:February, 2008 Central bank financial strength is positively associated with good policy performance. Financially weak central banks generate losses which undermine macroeconomic stability and call into question more...
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| Central Bank Financial Strength, Transparency, and Policy Credibility Author/Editor: Peter Stella. Release Date:August, 2002 A central bank is financially strong if it possesses resources sufficient to attain its fundamental policy objective(s). Once endowed with those resources, relations between government and central more...
| Price: $15.00
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| Do Central Banks Need Capital? Author/Editor: Peter Stella. Release Date:July, 1997 Central banks may operate perfectly well without capital as conventionally defined. A large negative net worth, however, is likely to compromise central bank independence and interfere with its more...
| Price: $15.00
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 | Quasi-Fiscal Operations of Public Financial Institutions Author/Editor: George A Mackenzie, Peter Stella. Release Date:October, 1996 Central banks and other public financial institutions act as agents of fiscal policy in many countries. Their quasi-fiscal operations and activities can affect the overall public sector balance more...
| Price: $15.00
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