 Central Banking and Monetary Policy in the G20: Paradigms and ChallengesAatos Hallipelto, Angeliki Nestoroudi, Aukje van Loon, Birol Görmez, Cumhur C. Küçüközmen, Esra Güler, Fatih Yeter, Gökhan Karhan, Halil Seyidoğlu, Hatice Özkurt Çokgüngör, Hazik Mohamed, İlhan Eroğlu, Irfan Kalayci, İsmail Özsoy, Jeremy Kwok, John Marangos, M. Ali Seyidoğlu, M. Uzair Zulkifly, Mahir Fisunoğlu, Mehmet Kaya, Metin Akyüz, Mücahit Çayın, Nalan Kangal, Necati Çoban, Nikos Astroulakis, Paraskevi Kyrilla, Sevgi İneci and Themis Anthrakidis in Vernon Press Titles in Economics from Vernon Art and Science Inc Abstract: Behind productive and prosperous economies are independent central banks that implement effective monetary policies. This observation is especially valid for the G20, which comprises the world’s top twenty economies in terms of gross domestic product and the largest stakeholders of the global economic system. These economies include Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States, and the European Union. Three features of this book, which focuses on central banking and monetary policy in the G20, an intergovernmental platform, stand out Firstly, as contemporary theories and global practices confirm, the main purpose of central banks is to ensure monetary and price stability, not despite the government but in cooperation with it. This principle is strongly emphasized here. Governments, which must maintain fiscal discipline, are key to the success of central banks in combating inflation and deflation. Secondly, since the authors of the book chapters come from various countries and academic institutions, the book offers a range of perspectives and intellectual richness. Without deviating from the book's main axis, the authors examine the changing paradigms in central banking and the increasing challenges of monetary policy. This examination is based on developed and emerging economies, integrations, financial organizations, and economic crises within the G20, informed by significant sources. Thirdly, this book offers university researchers, professional business practitioners, and curious readers the opportunity to explore and reflect on new concepts such as green central banking, digital money, and interest-free monetary policies, which have gained prominence in the wake of the global COVID-19 pandemic, alongside mainstream topics. It is hoped that this book, consisting of 14 chapters, will inspire those who wish to conduct new and renewed academic studies on global central banks and monetary policies and will fill a gap in the literature. Keywords: Bretton Woods System; Fixed Exchange Rate regime; Modern Central Banking; Central Bank Independence; Stress Testing; Climate Factors; Cyclical Green Capital Buffers; Differentiated Capital Requirements; Loan-to-value Ratio; Loan-to-income Ratio Limits; Large Exposure Controls; Micro-prudential Regulation; Financial Supervision; Disclosure Requirements; ESG Risk Management; Reserve Requirements; Green Asset Ratio (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:vpr:ecbook:2122 Ordering information: This item can be ordered from Access Statistics for this book More books in Vernon Press Titles in Economics from Vernon Art and Science Inc 1000 N West Street, Suite 1200. |
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