Ageing, Financial Markets and Monetary Policy

Download or read book Ageing, Financial Markets and Monetary Policy written by Alan Auerbach and published by Springer Science & Business Media. This book was released on 2002-03-06 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.