This informative book discusses the evolution of monetary policy, particularly since the subprime crisis. The contributors analyse diverse examples of the implementation of monetary policies across a range of countries, from those with major central banks such as Canada and Switzerland to developing economies such as Brazil and Nigeria, exploring how the practical workings of these measures can vary.

The authors examine the different instruments that can be used to control base interest rates, such as open market operations, reserve requirements and remuneration and rediscount operations. Chapters delve into 11 different case studies, which include monetary policy implementations in China, a reconstruction of the monetary policy framework in Argentina during COVID-19 and an overview of the instruments and procedures used by the European Central Bank. This comprehensive book also provides an overview of the various challenges that can arise in the process of implementing novel strategies.

Students and scholars of financial economics and regulation, political economy and money and banking will greatly benefit from this book. With its theoretical insights, it is also a crucial resource for academics in post-Keynesian economics, as well as practitioners in central banking and the financial press.

About the Author
Edited by Sylvio Kappes, Assistant Professor, Federal University of Alagoas, Brazil, Co-Editor, Review of Political Economy and Co-Director, Monetary Policy Institute, Louis-Philippe Rochon, Full Professor, Laurentian University, Canada, Editor-in-Chief, Review of Political Economy, Founding Editor Emeritus, Review of Keynesian Economics and Co-Director Monetary Policy Institute and Guillaume Vallet, Full Professor, Universite Grenoble Alpes and Research Fellow, Centre de Recherche en Economie de Grenoble (CREG), France

Reviews
'This book is a must-read for anybody interested in central banking in modern financial systems. It traces the evolving role of central banks across the globe covering cases as diverse as the Federal Reserve Bank of the US, the Argentinean central bank, and the central bank of Nigeria. The contributions are empirically rich, theoretically grounded and will be key references for future work on monetary policy in a rapidly changing global economy.' -- Annina Kaltenbrunner, University of Leeds, UK



Book Information
ISBN 9781035302796
Author Sylvio Kappes
Format Hardback
Page Count 320
Imprint Edward Elgar Publishing Ltd
Publisher Edward Elgar Publishing Ltd