Encyclopedia of Monetary Policy, Financial Markets and Banking

The 4 sections of this work cover:

ECONOMICS 1: The Future of Monetary Policy = Central banks in leading advanced economies have undergone several fundamental transformative changes, especially after the global financial crisis and the recent pandemic crisis era. The key issue for decision-makers remains to consider which fundamental direction monetary policy ought to take next; this section offers insight into this issue.

ECONOMICS 2: Climate Change and Sustainability = This section explores how climate change and its impacts exert additional pressure on natural resources available for global economies’ economic growth. Exploration and exploitation of countries’ resources negatively affect ecological systems. This necessitates a societal sustainable balance between resource use, socio-economic growth and the environment.

FINANCE 1: Financial Markets = This section focuses on a new framework for financial markets, consistent with the functional view of the financial system design, anchored in exploring the incentives facing the key players in financial markets: market participants, policymakers, and regulators-whose actions determine whether and how markets develop. While different instruments and strategies embody different concessions by stakeholders, the framework should be used to analyse the sequencing of financial market development.

FINANCE 2: Banking Developments = While ongoing changes in global banking influence its overall benefits, the crises also revealed the need for a consistent framework for supervising and resolving globally active banks. This section explores where banking stands now, post pandemic and financial crisis.