Download free eBooks at bookboon.com
Click on the ad to read more Central Banking & Monetary Policy:
An Introduction
4
Contents
Contents
1 Essence of central banking 7
1.1 Learning outcomes 7
1.2 Introduction 7
1.3 Milieu of the central bank: the financial system 9 1.4 Context of central banking: financial stability 11
1.5 Balance sheet of a central bank 16
1.6 Money creation 24
1.7 Functions of central banks 25
1.8 Bibliography 28
2 Banker & advisor to government 31
2.1 Learning outcomes 31
2.2 Introduction 31
2.3 The interbank markets 32
2.4 Bank liquidity management 38
2.5 Banker to government 40
2.6 Tax and loan accounts 41
www.sylvania.com
We do not reinvent the wheel we reinvent light.
Fascinating lighting offers an infinite spectrum of possibilities: Innovative technologies and new markets provide both opportunities and challenges.
An environment in which your expertise is in high demand. Enjoy the supportive working atmosphere within our global group and benefit from international career paths. Implement sustainable ideas in close cooperation with other specialists and contribute to influencing our future. Come and join us in reinventing light every day.
Light is OSRAM
Download free eBooks at bookboon.com
Click on the ad to read more Central Banking & Monetary Policy:
An Introduction
5
Contents
2.7 Public debt management 50
2.8 Administration of exchange controls 54
2.9 Bibliography 55
3 Management of money & banking system 57
3.1 Learning outcomes 57
3.2 Introduction 58
3.3 Banker to private sector banks 59
3.4 Settlement of interbank claims 64
3.5 Supervision of payments system 69
3.6 Lender of last resort 70
3.7 Currency (notes and coins) management 74
3.8 Bank supervision 77
3.9 Management of foreign assets 79
3.10 Development of the debt market 83
3.11 Bibliography 87
4 Money creation & framework of monetary policy 90
4.1 Learning outcomes 90
4.2 Introduction 90
4.3 Measuring money 92
© Deloitte & Touche LLP and affiliated entities.
360° thinking .
Discover the truth at www.deloitte.ca/careers
© Deloitte & Touche LLP and affiliated entities.
360° thinking .
Discover the truth at www.deloitte.ca/careers
© Deloitte & Touche LLP and affiliated entities.
360° thinking .
Discover the truth at www.deloitte.ca/careers
© Deloitte & Touche LLP and affiliated entities.
360° thinking .
Discover the truth at www.deloitte.ca/careers
Download free eBooks at bookboon.com
Click on the ad to read more Central Banking & Monetary Policy:
An Introduction
6
Contents
4.4 Money identity: sources of money creation 95
4.4 Example: government issues bonds 101
4.5 Statutory environment 106
4.6 Objectives of monetary policy 107
4.7 Price stability 109
4.8 Inflation targeting monetary policy framework 111
4.9 Monetary policy accountability and transparency 113
4.10 Limitations of monetary policy 114
4.11 Instruments of monetary policy 114
4.12 Independence of central banks 117
4.13 Bibliography 118
5 Monetary policy: models & transmission 121
5.1 Learning outcomes 121
5.2 Introduction 121
5.3 Models of monetary policy 122
5.4 Path of monetary policy: from interest to inflation 135
5.5 Bibliography 139
6 Endnotes 142
We will turn your CV into an opportunity of a lifetime
Do you like cars? Would you like to be a part of a successful brand?
We will appreciate and reward both your enthusiasm and talent.
Send us your CV. You will be surprised where it can take you.
Send us your CV on www.employerforlife.com
