Unconventional Central Bank Policies in Emerging Asia (Presentation Slides)

21 Pages Posted: 14 Jan 2020

See all articles by Hans Genberg

Hans Genberg

University of Geneva - Graduate Institute of International Studies (HEI)

Date Written: September 6, 2019

Abstract

Targeting Inflation is well enshrined as a principal central bank objective, but other goals are also acknowledged to be important, notably financial stability. In small and highly open (both in terms of trade in goods and financial assets) economies, capital flows and exchange rate volatility can be important sources of macroeconomic and financial instability. Central bank policy is therefore conducted not only by using a short-term interest rate as in conventional Inflation Targeting, but also by using capital flow management policies and interventions in the foreign exchange market.

Keywords: Capital flow management, Emerging Markets, inflation targeting, foreign exchange market intervention

JEL Classification: F32, F33, G15

Suggested Citation

Genberg, Hans, Unconventional Central Bank Policies in Emerging Asia (Presentation Slides) (September 6, 2019). Proceedings of the 4th Chapman Conference on Money & Finance on Liquidity: Pricing, Management and Financial Stability. Available at SSRN: https://ssrn.com/abstract=3518889 or http://dx.doi.org/10.2139/ssrn.3518889

Hans Genberg (Contact Author)

University of Geneva - Graduate Institute of International Studies (HEI) ( email )

PO Box 136
Geneva, CH-1211
Switzerland
+41 22 908 5928 (Phone)

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