Abstract
dc:description.abstractArguably, the single largest innovation in global financial markets in response to financial deregulation and financial innovation over the past two decades has been the emergence and spectacular growth of derivatives markets. The dramatic emergence of derivatives has caught many Central Bankers unaware and only recently has the Bank of International Settlements (BIS) started investigating seriously the impact of derivatives on policy issues. However, what is needed is further insight into and analysis of the impact of derivative growth on macroeconomic policy and the macroeconomy. Such insights should enable policy makers to use derivatives to their best advantage. Therefore, the purpose of the study is to examine how monetary policy transmission changes in the presence of derivative markets.
Degree
thesis:*- Name dc:type.qualificationname
- phd
- Level dc:type.qualificationlevel
- doctoral
- Grantor dc:publisher.institution
- Victoria University of Technology
- Year dc:date.issued
- 2004
Author and committee
dc:creator, dc:contributor.*- Author dc:creator
-
- Gupta, Ruchi
Subjects
dc:subject × 3Rights
- Language dc:language
- en