Skip navigation

Bookboon.com Download free eBooks and textbooks

Choose a category

Central Banking & Monetary Policy: An Introduction

Central Banking & Monetary Policy: An Introduction
4.9 (11 reviews) Read reviews
ISBN: 978-87-403-0605-7
1 edition
Pages : 143
  • Price: 49.50 kr
  • Price: €5.99
  • Price: £5.99
  • Price: ₹110
  • Price: $5.99
  • Price: 49.50 kr
  • Price: 49.50 kr

Download for FREE in 4 easy steps...

We are terribly sorry, but in order to download our books or watch our videos, you will need a browser that allows JavaScript.
After entering your email address, a confirmation email will be sent to your inbox. Please approve this email to receive our weekly eBook update. We will not share your personal information with any third party.
eLib
Unlock your organization's learning potential
See Demo

Corporate eLibrary

Discover our employee learning solutions

This is a Premium eBook

Bookboon Premium - Gain access to over 800 eBooks - without ads

You can get free access for a month to this - and 800 other books with the Premium Subscription. You can also buy the book below

  • Start a 30-day free trial. After trial: 39.99 kr p/m
  • Start a 30-day free trial. After trial: €5.99 p/m
  • Start a 30-day free trial. After trial: £4.99 p/m
  • Start a 30-day free trial. After trial: ₹299 p/m
  • Start a 30-day free trial. After trial: $3.99 p/m
  • Start a 30-day free trial. After trial: 39.99 kr p/m
  • Start a 30-day free trial. After trial: 39.99 kr p/m
eLib
Unlock your organization's learning potential
Click here!

Corporate eLibrary

Discover our employee learning solutions

About the book

  1. Reviews
  2. Description
  3. Content

Reviews

Gunter Joachim ★★★★★

A very insightful book

Description

This book presents an introduction to central banking and monetary policy. We, the public, accept the following as money (M) (that is, the means of payments / medium of exchange): notes and coins (N&C) and bank deposits (BD). Because we do, we place banks in a unique situation: the major part of their liabilities is BD; therefore they are able to create BD simply by making loans. Because banks are aggressive competitors and their creditworthiness checks on customers are therefore not always sober, they are inherently unstable. This means the public needs an entity to monitor the banks and to curb excessive money creation: a central bank. Excessive money creation causes inflation and inflation management by the public (ie hedging) diverts attention away from productive behaviour; this is not conducive for economic output and welfare. Central banking is not just about monetary policy. It is also about being banker and advisor to government and managing the money and banking system.

Content

  1. Essence of central banking
    1. Learning outcomes
    2. Introduction
    3. Milieu of the central bank: the financial system
    4. Context of central banking: financial stability
    5. Balance sheet of a central bank
    6. Money creation
    7. Functions of central banks
    8. Bibliography
  2. Banker & advisor to government
    1. Learning outcomes
    2. Introduction
    3. The interbank markets
    4. Bank liquidity management
    5. Banker to government
    6. Tax and loan accounts
    7. Public debt management
    8. Administration of exchange controls
    9. Bibliography
  3. Management of money & banking system
    1. Learning outcomes
    2. Introduction
    3. Banker to private sector banks
    4. Settlement of interbank claims
    5. Supervision of payments system
    6. Lender of last resort
    7. Currency (notes and coins) management
    8. Bank supervision
    9. Management of foreign assets
    10. Development of the debt market
    11. Bibliography
  4. Money creation & framework of monetary policy
    1. Learning outcomes
    2. Introduction
    3. Measuring money
    4. Money identity: sources of money creation
    5. Example: government issues bonds
    6. Statutory environment
    7. Objectives of monetary policy
    8. Price stability
    9. Inflation targeting monetary policy framework
    10. Monetary policy accountability and transparency
    11. Limitations of monetary policy
    12. Instruments of monetary policy
    13. Independence of central banks
    14. Bibliography
  5. Monetary policy: models & transmission
    1. Learning outcomes
    2. Introduction
    3. Models of monetary policy
    4. Path of monetary policy: from interest to inflation
    5. Bibliography
  6. Endnotes
This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with EU regulation.