Financial Market Developments and Their Implications for Monetary Policy
202 Pages Posted: 1 Aug 2008
Date Written: April 2008
Abstract
This volume features eight papers written for the conference "Financial market developments and their implications for monetary policy". The event was jointly organised by the BIS Representative Office for Asia and the Pacific and Bank Negara Malaysia in Kuala Lumpur on 13 August 2007. Drawing upon experiences in the Asia-Pacific region and beyond, these papers characterise the key financial market trends and developments over the past decade and assess their implications for three aspects of monetary policy: (a) the formulation of policy and the transmission mechanism, (b) the implementation of policy at the operational level, and (c) the use of financial market information in the policy process.
Keywords: financial market development, financial intermediation, financial market indicators, monetary policy, monetary transmission mechanism, market operation, Asia and the Pacific
JEL Classification: E44, E50, E52, E58, F36
Suggested Citation: Suggested Citation
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