Monetary analysis and central banks: Introduction

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Intellectual and historical background, with particular reference to the high-powered money multiplier analysis developed by Friedman and his associates; the Polak model developed at the International Monetary Fund (IMF), which served as the basis for IMF financial programming; the credit counterparts/flow of funds approach used more in Europe, including the UK; the rationale for and experience of monetary targeting, from adoption to abandonment, with particular attention to the USA and France; the experience of developing/emerging countries with an emphasis on data availability and an example in the form of Egypt; and the role of quantitative easing in a possible revival of interest in monetary analysis.

Original languageEnglish
Title of host publicationMonetary Analysis at Central Banks
EditorsDavid Cobham
PublisherPalgrave Macmillan
Pages1-20
Number of pages20
ISBN (Electronic)9781137593351
ISBN (Print)9781137593344
DOIs
Publication statusPublished - 2016

Keywords

  • Credit counterparts
  • Inflation targeting
  • Monetary targeting
  • Money multiplier
  • Polak model

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Business, Management and Accounting(all)
  • Social Sciences(all)

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  • Cite this

    Cobham, D. (2016). Monetary analysis and central banks: Introduction. In D. Cobham (Ed.), Monetary Analysis at Central Banks (pp. 1-20). Palgrave Macmillan. https://doi.org/10.1057/978-1-137-59335-1_1