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Global imbalances, financial crises, and central bank policies /
Andreas Steiner assesses the relationships between global imbalances, financial crises, and central bank policies, with a specific focus on their reserves. His combination of a strictly international perspective with an analysis based on empirical research enables him to develop an analytical model...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
London, United Kingdom :
Academic Press is an imprint of Elsevier,
2016.
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| Temas: | |
| Acceso en línea: | Texto completo |
MARC
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| 100 | 1 | |a Steiner, Andreas, |e author. | |
| 245 | 1 | 0 | |a Global imbalances, financial crises, and central bank policies / |c Andreas Steiner. |
| 264 | 1 | |a London, United Kingdom : |b Academic Press is an imprint of Elsevier, |c 2016. | |
| 300 | |a 1 online resource | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 504 | |a Includes bibliographical references and index. | ||
| 588 | 0 | |a Online resource; title from PDF title page (ScienceDirect, viewed August 8, 2016). | |
| 505 | 0 | |a Front Cover; Global Imbalances, Financial Crises, and Central Bank Policies; Copyright; Dedication; Contents; Foreword; Preface; 1 Overview; 1.1 Introduction; 1.2 Summary; 2 Accounting for Of cial Capital Flows; 2.1 Global imbalances; 2.2 Financial crises; 2.3 Financial integration; 2.4 Private versus of cial creditors; 2.4.1 Capital ows; 2.4.2 Stocks of foreign capital; 3 Current Account Imbalances: The Role of Of cial Capital Flows; 3.1 Introduction; 3.2 Implications of reserve currency status; 3.2.1 Literature review; 3.2.2 Implications of the dual role of the reserve currency. | |
| 505 | 8 | |a 3.2.3 Reserve status and balance of payments accounting3.2.4 Reserve currency status in a portfolio balance model; 3.3 Empirical analysis of the role of of cial capital for the current account balance; 3.3.1 Who nances the US current account de cit? A statistical analysis; 3.3.2 What is the role of of cial capital in the current account balance? A regression analysis; 3.3.3 Which factors are major determinants of the US current account balance?; 3.3.4 How do of cial and private capital ows interact?; 3.4 Conclusions and policy implications. | |
| 505 | 8 | |a Appendix 3.A Reserve currency status and balance of paymentsAppendix 3.B List of variables and data sources; Appendix 3.C Sample of countries; Appendix 3.D Regression results: Robustness using xed samples; 4 Determinants of the Public Budget Balance: The Role of Of cial Capital Flows; 4.1 Introduction; 4.2 Foreign exchange reserves in historical perspective; 4.2.1 A short history of reserve currencies; 4.2.2 A short history of asset classes used as reserves; 4.3 Implications of reserve currency status; 4.3.1 Implications for interest rates; 4.3.2 Implications for the public budget. | |
| 505 | 8 | |a 4.4 The role of of cial capital for the public budget balance -- a regression analysis4.4.1 Description of data set and empirical approaches; 4.4.2 Time-series analysis: US and UK; 4.4.3 Analysis in a panel data set of industrialized countries; 4.4.4 Alternative identi cation: Are reserve currency countries outliers?; 4.4.5 Robustness checks; 4.5 Conclusions; Appendix 4.A List of variables and data sources; Appendix 4.B Sample of countries; Appendix 4.C Data sources: Shares of reserve currencies in total foreign exchange reserves. | |
| 505 | 8 | |a Appendix 4.D Regression results: Robustness using xed sample sizes5 Reserve Accumulation and Financial Crises: From Individual Protection to Systemic RiskThis is an extended and updated version of AS14b. Publication with permission from Elsevier. Differences in the quantitative results may arise from revised data.; 5.1 Introduction; 5.2 Reserves and crises: The links; 5.2.1 Reserves and domestic crises; 5.2.2 Reserves and crises in the reserve currency country; 5.2.3 Reserves and global crises; 5.3 The optimal amount of reserves; 5.3.1 The benchmark model. | |
| 520 | |a Andreas Steiner assesses the relationships between global imbalances, financial crises, and central bank policies, with a specific focus on their reserves. His combination of a strictly international perspective with an analysis based on empirical research enables him to develop an analytical model that emphasizes interactions among individual central banks. With this innovative approach Steiner develops a new method for defining an optimal demand for reserves. By means of its framework through which issues of global disequilibria can be addressed, Global Imbalances, Financial Crises, and Central Bank Policies describes implications for financial reforms that might ultimately be more important than its empirical findings. | ||
| 650 | 0 | |a Bank reserves. | |
| 650 | 0 | |a Banks and banking, Central. | |
| 650 | 0 | |a Financial crises. | |
| 650 | 0 | |a Banks of issue. | |
| 650 | 6 | |a Banques |x R�eserves. |0 (CaQQLa)201-0031162 | |
| 650 | 6 | |a Banques centrales. |0 (CaQQLa)201-0004458 | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Finance. |2 bisacsh | |
| 650 | 7 | |a Banks of issue |2 fast |0 (OCoLC)fst00827142 | |
| 650 | 7 | |a Bank reserves |2 fast |0 (OCoLC)fst00826776 | |
| 650 | 7 | |a Banks and banking, Central |2 fast |0 (OCoLC)fst00827036 | |
| 650 | 7 | |a Financial crises |2 fast |0 (OCoLC)fst00924607 | |
| 776 | 0 | 8 | |i Print version: |z 9780128104026 |z 0128104023 |w (OCoLC)950450347 |
| 856 | 4 | 0 | |u https://sciencedirect.uam.elogim.com/science/book/9780128104026 |z Texto completo |