Impact of Money Substitutes on Monetary Control as it Affects Interest Rates and Economic Activity

This book focuses on the theoretical debate concerning the role of money and financial factors determining real economic activity.

The emergence of new digital payment media has been of growing importance in the last two decades. These new forms of payment media rise the questions wether an

China has been moving to a more market oriented financial system, which has implications for the monetary policy environment. The paper investigates the stabili

Central banks around the world try to influence economic activity by altering nominal interest rates which will have an effect on the real rate. However, this i

The Book Advanced Study In Money & Banking : Theory & Policy Relevance In The Indian Economy Is A Complete Treatise On Banking And Global Financial Developments

This paper argues that the stock market is an important channel of monetary policy. Monetary policy affects real economic activity because inflation levies a pr

This paper uses vector autoregressions to examine the monetary transmission mechanism in Japan. The empirical results indicate that both monetary policy and ban