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Dedollarization as a Direction of Russia’s Financial Policy in Current Conditions
Abstract—Under financial sanctions imposed on it by the US and the EU, Russia accelerated dedollarization of the economy in order to protect its...
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Central bank equity: facts and analytics
How much capital should the central bank of a country hold? There is no consensus on this matter. We review the balance sheets of 45 central banks...
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Mineral policy in MENA countries: the case of Jordan
The purpose of this study paper is to examine Jordan’s mineral development and investment policies. Mining policies that attract foreign investment...
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Central bank responses to COVID-19
Central bank responses to COVID-19 have been extraordinary in speed, in size and in scope. Much easier monetary policy, massive liquidity provision,...
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Is interest rate hiking a recipe for missing several goals of monetary policy—beating inflation, preserving financial stability, and kee** up output growth?
After the corona crisis, and even more so when the war in Ukraine struck, the price levels of all goods in the US and Europe rose surprisingly...
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The evolution of bank bailout policy: two centuries of variation, selection and retention
Why has the policy of state-backed bank bailouts emerged as the de facto global response by governments to crises involving systemic bank risk? This...
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Should the Implementation of Monetary Policy Be Subject to Rules?
In this chapter, the authors adopt a Modern Monetary Theory lens and argue that the setting of interest rates should be subject to rules, such as a...
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Policy for Full Employment and Price Stability
In this chapter we will examine policy that will promote full employment with price stability. Most economists believe that full employment and price...
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The First Unnatural Power Given to Commercial Banks: Creation of Money Out of Nothing
This chapter deconstructs the complex process of money creation by commercial banks, examining its historical development and the integral...
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Closing the supply-side gap: using a novel vulnerability index to identify the right policy mix for coal producing countries
Rapid coal phaseout is a key measure to reach the 1.5 °C warming target. With projected global coal demand declining faster than global supply, a...
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Research on China’s Monetary Policy Objectives
For a long time, New Keynesian and neoclassical economists have always disagreed on the effectiveness of the monetary policy. Both sides adhere to...
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Spillovers of US unconventional monetary policy: quantitative easing, spreads, and international financial markets
This study investigates the international spillover effects of US unconventional monetary policy (UMP)—frequently called large-scale asset purchases...
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Liquidity Steps: Policy Actions Taken by Central Banks During Coronavirus Pandemic
This article, it is aimed to examine the primary actions taken by central banks to support the sectors, businesses, and individuals in difficulty...
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Banknote Life in India: A Survival Analysis Approach
India’s currency-to-GDP ratio indicates a strong and persistent demand for cash. Despite the withdrawal of two high-value banknotes in 2016 and the...
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State Capitalism, Government, and Central Bank Responses to Covid-19
Across the globe, the unprecedented coronavirus-19 (Covid-19) pandemic has triggered immediate response by national authorities to soften adverse...
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Stakeholder Management for Public-Private Partnership (PPP) Hospital Projects in Australia During the COVID-19 Pandemic
The COVID-19 pandemic is a highly contagious disease and has spread across the globe at an unprecedented rate. Countries have implemented...
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The Incidence of Capital Flow Management Measures: Observations from a New Database
This paper presents a highly granular database of nearly 500 capital flow management measures (CFMs) that cover 14 instruments and 49 countries at...
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Monetary Policy Cooperation/Coordination and Global Financial Crises in Historical Perspective
The Covid 19 pandemic spawned a global liquidity crisis in March 2020. The global liquidity crisis was alleviated by the Federal Reserve and other...
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Monetary Theory and Policy: The Implications of Radical Uncertainty
This chapter argues on the limited explanatory and forecasting ability of current monetary policy models and methods in view of radical uncertainty,...