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2014
This chapter argues that in times of crisis, the central bank’s conventional monetary policy of cutting interest rates in the face of declining output may be counterproductive. Instead of reversing the contraction in aggregate income, such a policy may reinforce the recessionary forces.
Chandana Ghosh, Ambar Nath Ghosh
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This chapter argues that in times of crisis, the central bank’s conventional monetary policy of cutting interest rates in the face of declining output may be counterproductive. Instead of reversing the contraction in aggregate income, such a policy may reinforce the recessionary forces.
Chandana Ghosh, Ambar Nath Ghosh
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Diogenes, 1978
The growing contradictions inherent in capitalism are concentrated, as though at a focal point, in the monetary field—the most, vulnerable point in the whole capitalist economy. The extended period of the general crisis of capitalism is punctuated by periodic bursts of monetary crisis.
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The growing contradictions inherent in capitalism are concentrated, as though at a focal point, in the monetary field—the most, vulnerable point in the whole capitalist economy. The extended period of the general crisis of capitalism is punctuated by periodic bursts of monetary crisis.
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Monetary Crisis: A 2013 Update
Journal of Corporate Accounting & Finance, 2013AbstractWe are in the middle of possibly the most divisive debate in the economic history of the United States. Does the Federal Reserve's policy of quantitative easing (QE) make sense? Or is it, as one prominent critic has charged, a form of “monetary cocaine”—a dangerous business and consumer addiction to near‐zero interest rates?
Fran Wolf, James A. Tackett
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Financial crisis, monetary policy reform and the monetary transmission mechanism in Turkey [PDF]
Middle East Development Journal, 2014 Turkey experienced a financial crisis in 2000–2001, which led to significant financial reforms. The reforms resulted in a switch to a floating exchange rate, granted greater central bank independence and pursuit of a more credible monetary policy. Investigation of the channels of monetary policy in both periods finds that monetary policy's output ...
James L. Butkiewicz, Zeliha Ozdogan
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The Monetary Crisis of Lebanon
Review of Middle East Economics and Finance, 2021Abstract Above its traditional currency and debt crisis features, Lebanon’s ongoing crisis sheds the light on the inherent weakness of dollarized monetary systems. This crisis can be seen as a monetary crisis, as the country’s dollarized banking system’s liquidity and solvency problems led to the loss of the “moneyness” of its dollar ...
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The International Monetary Crisis of 1971
The Journal of Business, 1973The international monetary crisis of 1971 began on August 15, 1971 with the announcement of President Nixon's "new economic policy." Domestically, it involved most dramatically a 90-day wage and price freeze. Internationally, is involved most dramatically the suspension of the convertibility of the U.S.
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Monetary crisis: A 2012 update
Journal of Corporate Accounting & Finance, 2012AbstractThe authors of this article, both professors of finance, have taken a new look at the ongoing monetary crisis. The trends they see are very sobering. They predict that 2012 will be viewed as a pivotal point in history—when rational business planning, based on macroeconomic trends and data, became nearly impossible. The normal business cycle has
Fran Wolf, James A. Tackett
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The European Monetary System: Crisis and Future
Open Economies Review, 1996zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Crisis recovery and monetary policy
2022Στην εργάσια ερευνήθηκαν τα διάφορα εργαλεία νομισματικής πολιτικής των κεντρικών τραπεζών και η χρήση τους σε περιόδους κρίσεων. Μελετήθηκαν εξίσου εγχώριες χρηματοοικονομικές κρίσεις όσο και παγκόσμιες και τέλος εξετάστηκε η αποτελεσματικότητα των νομισματικών εργαλείων που ...
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Monetary policy at crisis times [PDF]
Journal of Central banking Theory and Practice, 2012 Working in a financial crisis environment is one of the most stressing tasks for a central banker. In order to diffuse a financial crisis, preventive policies, are of vital importance yet they cannot remove all disruptions that could lead to a crisis. Therefore, when a crisis emerges, risk management is of crucial importance.
Kemal Kozarić, Nikola Fabris
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