Financial market developments and their implications for monetary policy

 



Page
Foreword iii
Programme v
Participants in the meeting vii
 
Conference summary

1
Opening remarks

Dato' Ooi Sang Kuang

5
 

 
Key developments in the financial landscape

 
Financial globalisation: key trends and implications for the transmission mechanism

Már Gudmundsson

7
Capital, carry, & complacency: key developments in the financial landscape - dynamics of the foreign exchange market and capital flows

Brendan Fitzsimmons

30
 

 
Impact on the formulation of monetary policy

 

Impact of financial market developments on the monetary transmission mechanism

Sukudhew Singh, Ahmad Razi, Norhana Endut and Helmi Ramlee 

49

The changing nature of financial intermediation and its implications

Hans Genberg

100

 

 

Impact on the conduct of monetary policy

 

Financial market innovation in Australia: implications for the conduct of monetary policy

John Broadbent

114

Developing financial markets and operating monetary policy in Asia

Robert N McCauley

126

 

 

Usefulness of financial market indicators for monetary policy

 

Using financial market information in monetary policy: some examples from New Zealand

Clinton Watkins

142

Equity prices as leading indicators: the Asian experience

Kenneth N Kuttner

167