Ageing, Financial Markets and Monetary Policy

ISBN: 9783540427278
Publisher: Springer
Edition: 2002
Publication Date: 2002-04-08
Number of pages: 300
  • $81.92

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DESCRIPTION

The book gives an overview of the implications of population ageing on economic development and financial systems. It describes several challenges which the ageing process poses for central banks, giving special consideration to the situation in Europe. The first two chapters discuss the relationship between ageing and saving and between ageing and international capital flows. Other chapters consider the possible implications for financial markets. The final part raises issues which are of particular relevance for central banks, namely ageing and financial stability and how ageing will affect monetary policy.

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