Heterodox central banking

Heterodox central banking

In response to the current global crisis the U.S. Federal Reserve and other central banks around the world have implemented diverse policy measures including purchasing a wide range of securities lending to financial institutions intervening in foreign exchange markets and paying interest on reserv...

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Autores principales: Céspedes, Luis Felipe, Chang, Roberto, García-Cicco, Javier
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
Materias:
BANCOS CENTRALES
CRISIS FINANCIERA
POLÍTICA MONETARIA
TASAS DE INTERÉS
Acceso en línea:https://hdl.handle.net/20.500.12580/3882
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spelling oai-20.500.12580-38822021-04-24T11:15:54Z Heterodox central banking Céspedes, Luis Felipe Chang, Roberto García-Cicco, Javier BANCOS CENTRALES CRISIS FINANCIERA POLÍTICA MONETARIA TASAS DE INTERÉS In response to the current global crisis the U.S. Federal Reserve and other central banks around the world have implemented diverse policy measures including purchasing a wide range of securities lending to financial institutions intervening in foreign exchange markets and paying interest on reserves. Some central banks have also reduced monetary policy interest rates to minimum levels (reaching a lower bound) and have announced an explicit commitment to keep interest rates there for a prolonged period. This set of instruments contrasts with a conventional view—embedded in the predominant monetary policy models—in which a central bank controls only a short-term interest rate such as the Federal Funds rate. 2019-11-01T00:05:17Z 2019-11-01T00:05:17Z 2011 Artículo 978-956-7421-35-0 https://hdl.handle.net/20.500.12580/3882 eng Series on Central Banking Analysis and Economic Policies no. 16 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 219-281 application/pdf Banco Central de Chile
institution Banco Central
collection Banco Central
language eng
topic BANCOS CENTRALES
CRISIS FINANCIERA
POLÍTICA MONETARIA
TASAS DE INTERÉS
spellingShingle BANCOS CENTRALES
CRISIS FINANCIERA
POLÍTICA MONETARIA
TASAS DE INTERÉS
Céspedes, Luis Felipe
Chang, Roberto
García-Cicco, Javier
Heterodox central banking
description In response to the current global crisis the U.S. Federal Reserve and other central banks around the world have implemented diverse policy measures including purchasing a wide range of securities lending to financial institutions intervening in foreign exchange markets and paying interest on reserves. Some central banks have also reduced monetary policy interest rates to minimum levels (reaching a lower bound) and have announced an explicit commitment to keep interest rates there for a prolonged period. This set of instruments contrasts with a conventional view—embedded in the predominant monetary policy models—in which a central bank controls only a short-term interest rate such as the Federal Funds rate.
format Artículo
author Céspedes, Luis Felipe
Chang, Roberto
García-Cicco, Javier
author_facet Céspedes, Luis Felipe
Chang, Roberto
García-Cicco, Javier
author_sort Céspedes, Luis Felipe
title Heterodox central banking
title_short Heterodox central banking
title_full Heterodox central banking
title_fullStr Heterodox central banking
title_full_unstemmed Heterodox central banking
title_sort heterodox central banking
publisher Banco Central de Chile
publishDate 2019
url https://hdl.handle.net/20.500.12580/3882
work_keys_str_mv AT cespedesluisfelipe heterodoxcentralbanking
AT changroberto heterodoxcentralbanking
AT garciaciccojavier heterodoxcentralbanking
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