Recent Financial Market Developments and Implications for Monetary Policy

Rakesh Mohan

Working Papers from eSocialSciences

Abstract: The nature of the financial turbulence that happened recently in US and Europe, why it happened, where it happened, and the implications for central banks. Some of the forces that led up to and characterized the recent spate of events, the specific responses of central banks and some challenges that are likely to face them as the future unfolds are also taken up. [Valedictory Address at IIF's inaugural Asia Regional Economic Forum].

Keywords: financial; central banks; Europe; Asia; developments; monetary policy; market; global economy; inflation; consumer price index (CPI); Japan; Euro; technology; economies; housing; credit; innovation; lenders; lender of last resort (LOLR); asymmetric information; liquidity; continents; Mexico (search for similar items in EconPapers)
Date: 2007-10
Note: Institutional Papers
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Citations: View citations in EconPapers (6)

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