The impacts of monetary policy in the 21st century : perspectives from emerging economies / / edited by Ramesh Chandra Das

• Pubblicazione: Bingley, England : , : Emerald Publishing, , 2019
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (398 pages)
• Disciplina: 332.491724
• Soggetto topico: Monetary policy - Developing countries; Monetary policy - India; Economic indicators - East Asia; Economic development - India; Financial crises; Business & Economics - Money & Monetary Policy; Monetary economics
• Persona (resp. second.): DasRamesh Chandra
• Note generali: Includes index.
• Nota di contenuto: Cover -- Title -- Copyright -- Dedication -- Contents -- List of Figures -- List of Tables -- About the Editor -- About the Contributors -- Foreword -- Introduction -- Section I: Monetary Policy Effects at the Global Perspectives -- Section II: Aspects of Monetary Policy in Emerging Economies with Special Focus on Indian Economy -- Acknowledgment -- Section I. Monetary Policy Effects at the Global Perspectives -- Chapter 1. Determining the Effects of Monetary Policies on Capital Markets of the Emerging Economies: An Evidence from E7 Countries -- Introduction -- Literature Review -- An Application on E7 Economies -- Data and Scope -- Pedroni Panel Cointegration Analysis -- Dumitrescu Hurlin Panel Causality Analysis -- Analysis Results -- Conclusion -- References -- Chapter 2. A Theoretical Appraisal of the Inflation-Output Dynamics Under Inflation Targeting Monetary Policy -- Introduction -- Review of Literature -- Objective of the Study -- The Base Line Model -- Inflation Targeting Monetary Policy, Supply Shock, and Inflation-Output Dynamics -- Empirical Analysis -- Conclusion -- References -- Chapter 3. Measuring the Effectiveness of Official Development Assistance on the Economic Growth of Developing Countries: A 2009-2013 Analysis -- Overview -- Empirical Analysis and Results -- Conclusions -- References -- Chapter 4. The Link between Monetary Policy and Assets Prices in Nigeria -- Overview -- Literature Review -- Data and Methodology -- Model Specification -- Discussion of Results -- Conclusion -- References -- Appendix 1. Cholesky Graphs & -- Functions -- Appendix 2. Structural Vector Autoregressive Estimates -- Appendix 3. Variance Decomposition -- Chapter 5. Negative and Low Deposit Rates and Penalty on Savers -- Abstract -- Introduction -- Review of Literature -- Long-Term Risk-Free Interest Rates in India in Recent Times. ; Reasons for Low Interest Rates -- How Low Interest Rates Affect Bank Depositors and Investors -- Negative Rates -- Meaning -- Relevance Today -- Rationale Behind Negative Interest Rates -- Countries That Have Imposed a Negative Rate -- Negative Rates and Economic Growth -- Negative Interest Rates and Bank Customers -- Future Trends of Negative Interest Rates -- References -- Chapter 6. Re-examining Stock Market Efficiency in Nigeria Using Nonlinear Unit Root Tests -- Introduction -- Literature Review -- Data and Methodology -- Methods -- Nonlinear Unit Root Rest Estimates -- Results and Discussion -- Policy Implication -- Conclusion -- References -- Chapter 7. Optimal Monetary Policy Instruments for Nigeria -- Overview -- Data and Methodology -- Results -- Conclusions -- References -- Chapter 8. Monetary Policies in the 21st Century's World: Causes, Effects, and Recommendations -- Introduction -- Trends of Global Economic Crisis -- Crisis in the United State of America 2009-2010 -- Crisis in Spain 2008-2015 -- Crisis in Argentina 1998-2002 -- Crisis in Russian Federation -- 1997 Asian Crisis -- Crisis in Ireland 2008-2011 -- Crises in Portugal 2010-2014 -- Crisis in Greece 2009 -- Components of the Crisis -- Corrective Measures -- Recommendations and Measures -- Conclusions -- References -- Chapter 9. Globalization and Inflation in Developing Asia -- Introduction -- Review of Literature -- Scenario of Globalization and Inflation in Asian Economy -- Data and Methodology -- There is no dynamic influence of globalization on inflation in developing Asia. -- Empirical Results -- Conclusion -- References -- Section II Aspects of Monetary Policy in Emerging Economies with Special Focus on Indian Economy -- Chapter 10. Effects of Demonetization, Clinical Establishment Act, and Media News on Medical Tourism: An Exploratory Study in West Bengal -- Introduction. ; Literature Review -- Methodology -- Study Area -- Sampling -- Descriptive Statistics of Explanatory Variables -- Major Results -- Conclusions -- Managerial Implications -- References -- Appendix -- Chapter 11. Interrelationships among Financial Development, Growth Rate, and Trade Openness: Study for USA, China, and India -- Introduction -- Objective -- Data -- Methodology -- Results and Discussion -- Concluding Observations -- References -- Appendix -- Chapter 12. Interaction between the Formal and Informal Financial Sectors and its Implications on Monetary Policy: Experiences from Indian Economy -- Overview -- Formal and Informal Credit Market Linkages: Cross Country Evidences -- Fragmented Duopoly Credit Market and Implications on Monetary Policy: A Theoretical Framework -- Overview of Rural Credit Policy Approaches Toward Establishing Linkages in India -- Conclusions -- References -- Chapter 13. Global Financial Crisis: A Study of Its Impact on Select S& -- P BSE Sensex Companies in India During 2005-2013 -- Introduction -- Objectives of the Chapter -- Database and Methodology -- Genesis of the Global Financial Crisis -- Impact on India -- Empirical Findings -- Conclusion -- References -- Weblinks -- Appendix -- Chapter 14. The Efficiency of Indian Commercial Banking Industry: A Comparison of Service Oriented Production Vis-á-Vis Financial Intermediation Approach -- Introduction -- Review of Literature -- Methodology -- Results and Discussion -- Malmquist Index Summary of Annual Means, Time Series Results -- Conclusion -- References -- Chapter 15. An Investigation into India's Move Toward Emerging Contours of New Monetary Policy Framework -- Introduction -- Objectives of the Chapter -- Literature Survey -- The Evolution of Monetary Policy Operating Framewok -- Classical Monetary Policy -- The Goals of Monetary Policy -- Intermediate Targets. ; Theories of Monetary Policies -- Trends in India's Monetary Policy - A Historical Perspective -- Enunciation of Objectives -- Threshold Level of Inflation and the Policy of Inflation Targeting -- Transmission Mechanism -- Exchange Rate Stability -- Financial Stability -- Conclusions -- References -- Chapter 16. India's Demonetization, 2016: Microeconomic and Macroeconomic Consequences -- Introduction -- Brief Review of Literature -- Objective of the Study -- Macroeconomic and Microeconomic Theoretical Sketch -- Data and Econometric Model -- Database -- Stationarity of the Variables -- Estimation Strategy -- Stability Analysis for VAR System -- Empirical Findings and Discussion -- Granger Causality -- Impulse Response Function -- Conclusion -- References -- Appendix -- Chapter 17. How to Fulfill the Objectives of Control of Money Supply, Growth, and Inflation Targeting?: A Peep into the Emerging Contour of India's Monetary Policy -- Background -- Review of Select Literature -- Moneyary Policy in India in Recent Times -- Scope of Empirical Investigation, Data, and Methodology -- Econometric Methodology -- Data Description and Review -- Results and Discussions Thereof -- Concluding Observations Thereof -- References -- Chapter 18. Determinants of Operating Efficiency of Commercial Banks in India: Insights from Panel Regression Model -- Introduction -- Review of Literature -- Objective of the Study -- Data Source and Research Methodology -- Empirical Analysis and Discussion -- Conclusion -- References -- Chapter 19. Role of Monetary Policy on Generating Output and Price Stability in India: An Investigation -- Introduction -- Literature Review -- Objective of the Study -- Data Source -- Methodology -- Granger Causality Test -- Changing Role of Bank Rate During 1991-2015 in India -- Results and Discussion -- Conclusion and Recommendations -- References. ; Websites -- Chapter 20. Global Liquidity - A Review of Concepts, Measurement, and Effect on Asset Prices: An Empirical Analysis of the Impact on the Indian Stock Market -- Overview -- Global Liquidity Concepts, Measurement, and Effects -- Global Liquidity and the Indian Stock Market -- Data -- Methodology -- Results -- Summary and Concluding Observations -- References -- Appendix -- Chapter 21. Role of the Monetary Policy in India During the Pre- and Post-Global Crisis Era -- Introduction -- Literature Survey -- Objective of the Study and Methodology -- Various Phases of Monetary Policy and Targets Around GFC -- Major Challenges to Monetary Policy in India in Recent Times -- Empirical Analysis -- Conclusion -- References -- Appendix -- Chapter 22. Marginal Cost Based Lending Rate: A Study on the New Regime of Lending Rate Pattern of the Banking Operations in India -- Introduction -- Review of Literature -- Objectives of the Study -- Methodology -- Evolution and Computation of MCLR -- Computation of MCLR -- Findings of the Study -- Statistical Analysis with IBM SPSS V. 23.0 -- Comparison of MCLR of Different Banks (Mean Paired t-Test) -- Regression Results -- Limitations of the Study -- Conclusion -- References -- Appendix -- Chapter 23. Monetary Policy of RBI and Its Impact on the Financial Inclusion in Rural India -- Introduction -- Objectives and Methodology -- Literature Review -- Structural Breaks in Credit Flow to SHGs -- Monetary Policy and Credit Dissemination to SHG -- Inter-regional Differences in Credit Flow to SHGs -- Conclusion -- References -- Chapter 24. Monetary Policy and Corporate Performance in India: "Inside the Black Box Thinking" -- Overview -- Monetary Policy Transmission Mechanism and Brief Review of Literature -- The Credit View and Relationship Lending Channel -- Brief Review of Literature -- Data and Research Methodology. ; Data Sources.
• Sommario/riassunto: Since the turn of the 21st century, the global economy has faced several significant financial crises such as the monetary mismanagements of the EURO Zone countries struggling with sovereign debt problems, the Global Financial Crisis between 2007 and 2009 preceded by the housing market collapse, and the Quantitative Easing Policies used by the US Central Bank. The Impacts of Monetary Policy in the 21st Century: Perspectives from Emerging Economies explores and analyses how monetary authorities have handled and continue to confront these issues of economic crises at both a global and country-specific level.The book establishes the effect of monetary policies upon economic indicators during the 21st Century at the global, regional, group or country levels, with an emphasis upon emerging economies such as India. In looking at the effects of globalization, demonetization and inflation targeting through the use of panel regression models, unit root tests and case studies, the book provides a unique coverage of quantitative financial economics.The Impacts of Monetary Policy in the 21st Century is an illuminating book for postgraduate-level students, researchers and academics in the fields of economics and finance to help develop their understanding of the severe impact of monetary policies upon global economic systems and emerging economies.
• Titolo autorizzato: The impacts of monetary policy in the 21st century
• ISBN: 1-78973-321-9; 1-78973-319-7
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910813944403321
• Lo trovi qui: Univ. Federico II