Unconventional Monetary Policy and Financial Stability

Name: Unconventional Monetary Policy and Financial Stability
Brand: Taylor & Francis

Taylor & Francis

Unconventional Monetary Policy and Financial StabilityThe Case of Japan\nAuthor(s): Alexis Stenfors, Jan Toporowski\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9780367145958, 978-0367145958\nSynopsis\nSince the financial crisis of [tel], central bankers around the world have been forced to abandon conventional monetary policy tools in favour of unconventional policies such as quantitative easing, forward guidance, lowering the interest rate paid on bank reserves into negative territory, and pushing up prices of government bonds. Having faced a crisis in its banking sector nearly a decade earlier, Japan was a pioneer in the use of many of these tools. \n\nUnconventional Monetary Policy and Financial Stability critically assesses the measures used by Japan and examines what they have meant for the theory and practice of economic policy. The book shows how in practice unconventional monetary policy has worked through its impact on.