Central banking and financial innovation. A survey of the modern literature
We review the literature regarding the impact of financial innovation on the monetary transmission mechanism and on the way the central bank can achieve its ultimate goal, that is to control the price level. We argue that, although the form ofcentral bank instruments and current methods for implemen...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2002-09-01
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| Series: | PSL Quarterly Review |
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| Online Access: | http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/9912/9794 |