the Credit Crisis of 2008 and What it Means‚ Public Affairs [3] Ben S. Bernanke‚ (2002) Asset-Price “Bubbles” and Monetary Policy. The Federal Reserve Board‚ Remarks by Governor Ben S. Bernanke‚ October 15‚ 2002 [Online] Available at: http://www.federalreserve.gov/boarddocs/speeches/2002/20021015/default.htm [4] David Gruen‚ Michael Plumb and Andrew Stone‚ (2003) How Should Monetary Policy Respond to Asset-price Bubbles? RESERVE BANK OF AUSTRALIA 2003 CONFERENCE [Online] Available at: http://www.rba
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U.S. Monetary Policy and What the Federal Reserve does. According to the Congressional Budget Office monetary policy is‚ "The strategy of influencing movements of the money supply and interest rates to affect output and inflation. An "easy" monetary policy suggests faster growth of the money supply and initially lower short-term interest rates in an attempt to increase aggregate demand‚ but it may lead to a higher rate of inflation. A "tight" monetary policy suggests slower growth of the money
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The Central Bank of Nigeria (CBN) takes a number of monetary policy decisions‚ including a change in the level of money supply (M2)‚ the Minimum Rediscount Rate (MRR)‚ or a change in the exchange rate. The central bank defines money supply in two ways: narrow and broad money. Narrow money (M1) is defined to include currency in circulation plus current account deposits with commercial banks. Broad money measures the total volume of money supply in the economy and is defined as narrow money plus savings
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PBOC’s Concretionary Monetary Policy 03 – 20 - 2011 As part of the China’s Monetary Policy team‚ most contributions were made on a shared basis with Ms. Fion Lau focusing on current policy implemented and tools used by the People’s Bank of China (PBOC) Benefited by Fion’s financial industry experience and access to various source including Bloomberg terminal‚ the data obtained is well collected and analyzed. Similar to that of the Federal Reserve‚ China’s monetary policy are designed and implemented
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Monetary policy and its effect on macroeconomic factors Michele Fludd MMPBL/501 April 11‚ 2011 Caryn Callahan‚ Ph.D. Monetary policy and its effect on macroeconomic factors The extremely large number of money exchanges that occurs each day all over the world form a highly complex web that is very resistant to analysis. However‚ it must be understood that the basis rules of money creation that govern these exchanges are readily understood and very simple. How money works is a little complex
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REPORT A Rebuttal on “Exchange Rate Policy at the Monetary Authority of Singapore” Submitted to: Submitted date: Academic year : 2013-2014 Semester : Winter Group Member: I hereby certify that this paper is the result of my own work and that all sources I used have been reported -------------------------------- Signature A Rebuttal on “Exchange Rate Policy at the Monetary Authority of Singapore” Introduction
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1) Describe the general policy objectives for monetary policy As a member of the Eurosystem‚ the Bank of Greece does not retain control of its policy objectives. Monetary policy is set by the European Central Bank In following the policy objectives of the European Central Bank‚ Greece’s monetary policy maintains the primary objective of achieving price stability. This general objective has been quantified as achieving an inflation rate below‚ but close to‚ to 2% on the medium term. 2) Operating
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IMPACT OF MONETARY POLICIES ON THE NIGERIAN ECONOMY INTRODUCTION: Monetary policy being an economic tool is used to stabilize the economy. It is a tool used by the government through monetary agencies like the Central Bank to control the supply of money in an economy. It is used to bring about economic growth and development through the control of inflation. It impacts the economy cannot over-emphasized. It has very positive impacts on the economy and helps in building a sustainable economy
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Recent Monetary Policy Statement of Bangladesh Bank (July 2009): An Analytical Commentary Debapriya Bhattacharya Distinguished Fellow‚ CPD Towfiqul Islam Khan Senior Research Associate‚ CPD Released to the media on 23 July 2009 House 40C‚ Road 11‚ Dhanmondi R/A‚ Dhaka 1209‚ Bangladesh Tel: +88029141703‚ 9141734; Fax: +88028130951 E-mail: info@cpd.org.bd; Website: www.cpd.org.bd Recent Monetary Policy Statement of Bangladesh Bank (July 2009): An Analytical Commentary by CPD Acknowledgment
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I. Evaluation of RBI’s monetary policy over the last decade Effects of Monetary Policy and related tools to control the supply of money in the economy over the past 10 years: Year CRR SLR Repo Rate Exchange Rate (against $) 2004-2005 5 25 6 43.5 2005-2006 5 25 6.25 45 2006-2007 5.50 25 7.25 44.23 2007-2008 7.50 25 7.75 39.5 2008-2009 5.50 24 6.5 48.45 2009-2010 5 25 4.75 46.68 2010-2011 6 24 6.25 45.15 2011-2012 6 24 6.5 53.26 2012-2013 4.25 23 8 54.77 2013-2014 4 23 7.75 62.62 There
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