Financial market developments and their implications for monetary policy

Bank for International Settlements

No 39 in BIS Papers from Bank for International Settlements

Abstract: This volume features eight papers written for the conference "Financial market developments and their implications for monetary policy". The event was jointly organised by the BIS Representative Office for Asia and the Pacific and Bank Negara Malaysia in Kuala Lumpur on 13 August 2007. Drawing upon experiences in the Asia-Pacific region and beyond, these papers characterise the key financial market trends and developments over the past decade and assess their implications for three aspects of monetary policy: (a) the formulation of policy and the transmission mechanism, (b) the implementation of policy at the operational level, and (c) the use of financial market information in the policy process.

Date: 2008 Written 2008-04
ISBN: 92-9131-756-X
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http://www.bis.org/publ/bppdf/bispap39.htm (text/html)

Chapters in this book:

Conference summary from "Financial market developments and their implications for monetary policy" , pp 1-4

Bank for International Settlements

Opening remarks from "Financial market developments and their implications for monetary policy" , pp 5-6

Dato’ Ooi Sang Kuang

Financial globalisation: key trends and implications for the transmission mechanism of monetary policy , pp 7-29

Már Gudmundsson

Capital, carry, & complacency: key developments in the financial landscape – dynamics of the foreign exchange market and capital flows , pp 30-47

Brendan Fitzsimmons

Impact of financial market developments on the monetary transmission mechanism , pp 49-99

Sukudhew Singh, Ahmad Razi, Norhana Endut and Helmi Ramlee

The changing nature of financial intermediation and its implications for monetary policy , pp 100-113

Hans Genberg

Financial market innovation in Australia: implications for the conduct of monetary policy , pp 114-125

John Broadbent

Developing financial markets and operating monetary policy in Asia , pp 126-141

Robert Neil McCauley

Using financial market information in monetary policy: some examples from New Zealand , pp 142-166

Clinton Watkins

Equity prices as leading indicators: the Asian experience , pp 167-192

Kenneth Neil Kuttner

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Persistent link: http://EconPapers.repec.org/RePEc:bis:bisbps:39

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