The Evolution Of Monetary Policy Strateg

Houben, Aerdt C.F.J.

ISBN 10: 0792378695 / ISBN 13: 9780792378693

Published by Kluwer Academic Publishers, 2000

About this Item

Offers a comprehensive review of the advances in European monetary policy-making over the decades. This book examines the considerations that determine a central bank's monetary strategy and explains how these considerations have featured in European monetary history. Series: Financial and Monetary Policy Studies. Num Pages: 372 pages, biography. BIC Classification: 1D; 1QFE; KCBM. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 235 x 155 x 22. Weight in Grams: 708. . 2000. Hardback. . . . . Books ship from the US and Ireland.

Seller Inventory # V9780792378693

Bibliographic Details

• Title: The Evolution Of Monetary Policy Strateg
• Publisher: Kluwer Academic Publishers
• Publication Date: 2000
• Language: English
• ISBN 10: 0792378695
• ISBN 13: 9780792378693
• Binding: Hardcover
• Condition: New

About this title

Synopsis

Europe has a rich monetary history. Until recently, its many central banks assigned divergent priorities and pursued policy objectives via different routes. As a result, Europe's past provides fertile ground for those seeking practical guidance to the art ofcentral banking. The importance of this past gained a new dimension with the prospect of Economic and Monetary Union in 1999, as the participating countries were faced with the challenge of bridging their differences and forging a common monetary policy strategy that would apply throughout the new currency area. At the same time, these countries sought to build forth on the theretofore most successful central bank strategies, thereby maintaining a certain degree of policy continuity. Monetary policy strategy is at the core of central banking. This strategy determines how incoming information on economic developments is translated into monetary policy actions and how these policy actions are communicated to the public at large. In other words, the strategy fulfils the dual role ofimposing a structure on the internal policy-making process and ofproviding a vehicle for the external communication of this process. The design of a monetary policy strategy thus brings together key elements­ such as consistency and transparency - that together determine the effectiveness and credibility ofmonetary policy.

About the Author

Aerdt Houben is Head of the Monetary Analysis Division at De Nederlandsche Bank. He is also a member of the Monetary Policy Committee of the European System of Central Banks. He has written extensively on macroeconomic policy and monetary issues for both Dutch and international publications. He was previously employed by the International Monetary Fund and holds a Ph.D. from the University of Groningen, in the Netherlands.