Central Bank Policy: Theory and Practice

Author:   Dr Perry Warjiyo (Bank Indonesia, Indonesia) ,  Dr Solikin M. Juhro (Bank Indonesia, Indonesia)
Publisher:   Emerald Publishing Limited
ISBN:  

9781789737547


Pages:   592
Publication Date:   05 September 2022
Format:   Paperback
Availability:   In Print   Availability explained
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Central Bank Policy: Theory and Practice


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Author:   Dr Perry Warjiyo (Bank Indonesia, Indonesia) ,  Dr Solikin M. Juhro (Bank Indonesia, Indonesia)
Publisher:   Emerald Publishing Limited
Imprint:   Emerald Publishing Limited
Dimensions:   Width: 15.20cm , Height: 3.10cm , Length: 22.90cm
Weight:   0.740kg
ISBN:  

9781789737547


ISBN 10:   1789737540
Pages:   592
Publication Date:   05 September 2022
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

PART I. GENERAL REVIEW Chapter 1: Introduction  Chapter 2: Central Bank Evolution and Reform  PART II. MONETARY POLICY AND ECONOMY  Chapter 3: The Role of Money and Monetary Policy in the Economy  Chapter 4: Exchange Rates and the Economy  Chapter 5: Monetary Policy Transmission Mechanism  PART III. MONETARY POLICY FRAMEWORK  Chapter 6: Monetary Policy Strategy Framework  Chapter 7: Monetary Policy Operational Framework  Chapter 8: Inflation Targeting Framework: Concept and Implementation at Central Banks  Chapter 9: Inflation Targeting Framework: Implementation in Indonesia  PART IV. INSTITUTIONAL ASPECT OF CENTRAL BANK POLICY Chapter 10: Monetary Policy Credibility and Time Consistency  Chapter 11: Central Bank Independence and Accountability  Chapter 12: Policy Transparency and Communication Strategy  PART V. NEW PARADIGM OF CENTRAL BANK POLICY Chapter 13: Monetary Policy and Foreign Capital Flows  Chapter 14: Macroprudential Policy and Financial System Stability  Chapter 15: Central Bank Policy Mix

Reviews

'When a pure academic writes a book, it lacks practical knowledge and connections; when a pure policy maker writes a book, it lacks academic rigor; but, when an academic who is also an experienced policy maker writes a book, the resultant is a balanced book. It is this balance that the literature lacks and for this reason alone this book, by two experienced academics who have decades of central banking policy making experience, will remain unique.' -- Professor Paresh Kumar Narayan, Alfred Deakin Professor, Deakin University 'The book rigorously discusses the theories, empirical studies and practices of international financial and monetary policy in emerging market economies, including Indonesia. Furthermore, the book is an invaluable policymaking input for the central bank and government, teaching material for lecturers and students as well as an important reference for scientific development in academia.' -- Professor Boediono, Vice President of the Republic of Indonesia, 2009-2014; Governor of Bank Indonesia, 2008-2009 'This publication is a valuable source for policy makers in central banking. It not only offers knowledge on the theoretical foundations and institutional arrangements but also on the practical aspects of the policy tools that are at the disposal of central banks, particularly in the emerging world.' -- Dr. Zeti Akhtar Aziz, 7th Governor of Bank Negara Malaysia (2000-2016) 'This book is a major contribution to the theory and practice of central banking in emerging market economies. Drawing on the accumulated wisdom of many years of academic study and high-level policy experience, the authors provide an encyclopedic yet highly accessible survey and analysis hat bridges theory and practice. The volume will be invaluable for a wide audience, including advanced undergraduate and graduate students, academic researchers, policy makers, financial market analysts, and anybody with an interest in contemporary macroeconomic challenges and issues. A highly recommended publication.' -- Professor Hal Hill, H.W. Arndt Professor Emeritus of Southeast Asian Economies, Australian National University Drawing on their experience as leaders in Bank Indonesia and as university instructors, Warjiyo and Juhro explore the theory and practice of central bank policy. After a general review, they cover monetary policy and economy, the monetary policy framework, institutional aspects of central bank policy, and a new paradigm of central bank policy. Among specific topics are central bank evolution and reform, exchange rates and the economy, an inflation-targeting framework: concept and implementation at central banks, central bank independence and accountability, and macroprudential policy and financial system stability. They wrote the textbook for the graduate course in economics they teach. -- Annotation (c)2019 * (protoview.com) *


Author Information

Perry Warjiyo is currently the Governor of Bank Indonesia. He has an established and distinguished career serving Bank Indonesia since 1984. His contributions are primarily in economic and monetary policy research, international issues, organizational transformation and monetary policy strategies, education and research on central banks, and management of foreign reserves and external debts. Solikin M. Juhro is an Executive Director and the Head of Bank Indonesia Institute, Bank Indonesia. In his distinguished career at Bank Indonesia, spanning more than 20 years, he has been extensively involved with monetary economic policy research and analysis, speaking at various national and international conferences, and is an Editor of the Bulletin of Monetary Economics and Banking.

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