IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-031-77193-4_4.html
   My bibliography  Save this book chapter

The Role of the Balance of Payments for Central Bank Policy: A Major and Reliable Ally for a Special Client

In: Measuring International Economics

Author

Listed:
  • Gerhard Ziebarth

    (Deutsche Bundesbank)

Abstract

This contribution delves into the intricate relationship between monetary policy and the Balance of Payments (BOP) in an open market economy, structured into three comprehensive parts. The first part explores the globalised economic landscape, emphasising the critical role of BOP in servicing diverse stakeholders amid dynamic global conditions. It underscores the indispensable value of BOP data for monetary policy, particularly during periods of economic stress and crises. The second part addresses the objectives and the analytical framework of monetary policy, setting the prime stage and the analytical background for macroeconomic issues and stressing the importance of a comprehensive data set to be defined. The legacy of the global financial crisis and the G20 Data Gaps Initiative are highlighted for their contributions to BOP. Furthermore, normative issues concerning BOP are put to the test, including the MIP in EMU. The final part offers a look into the statistical mechanisms of BOP, emphasizing the need to protect the trust in official statistics and the decisive role of conceptional expertise and experienced-based knowledge in the making of BOP.

Suggested Citation

  • Gerhard Ziebarth, 2025. "The Role of the Balance of Payments for Central Bank Policy: A Major and Reliable Ally for a Special Client," Springer Books, in: Ursula Schipper & Robert Kirchner & Jens Walter (ed.), Measuring International Economics, pages 41-59, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-77193-4_4
    DOI: 10.1007/978-3-031-77193-4_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-031-77193-4_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.