Central Bank Policy: Theory and Practice - Hardcover

Warjiyo, Dr Perry; Juhro, Dr Solikin M.

Hardcover

ISBN 10: 1789737524 ISBN 13: 9781789737523

Publisher: Emerald Publishing Limited, 2019

Synopsis

Central Bank Policy: Theory and Practice analyses policies and practices adopted by central banks globally, as well as the institutional arrangements underlying the principles of good governance in policymaking. 
Discussion focuses on philosophical and conceptual theories that have key implications for central bank policy making and findings are supported by relevant quantitative analyses and case studies reflecting recent issues with respect to centralized financial policy making, including the adoption of the Inflation Targeting Framework in Indonesia. 
The book bridges the gap between theory and practice within the central bank policy framework by going beyond the rapidity of theoretical developments to address lesser known and understood policy practices, such as the Flexible Inflation Targeting Framework and macroprudential policy. 
With wide ranging scope and in-depth materials presented, alongside the authors' extensive experiences and involvement in the policymaking process at Bank Indonesia, Central Bank Policy is a vital practical tool and  reference aid for policymakers, practitioners and academic researchers in the area of financial, banking, and monetary policies.

About this title

Review

"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

From the Author

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.

Edition details

• Publisher: Emerald Publishing Limited
• Publication date: 2019
• ISBN 10: 1789737524
• ISBN 13: 9781789737523
• Binding: Hardcover
• Language: English
• Edition number: 1
• Number of pages: 592