제1부 통화정책의 이해
제1장 통화정책 개관 ·································································5
제2장 통화정책의 목표 ···························································13
제1절 물가안정·········································································14
1. 물가안정의 의미 및 목표·················································14
2. 물가안정의 중요성·························································16
3. 물가안정과 기대인플레이션 ·············································19
제2절 경기안정·········································································22
1. 경기안정의 의미 및 목표·················································22
2. 경기안정 목표 설정의 제약··············································23
3. 경기안정과 인플레이션의 관계·········································24
제3절 금융안정·········································································27
1. 금융안정의 의미····························································27
2. 금융안정의 중요성·························································29
3. 금융안정을 위한 중앙은행의 역할·····································30
제4절 통화정책의 목표 설정 관련 이슈 ·······································40
제3장 통화정책 운영체제 ·······················································45
제1절 물가안정목표제································································46
제2절 통화량목표제···································································62
제3절 환율목표제······································································73
제4절 주요국 중앙은행의 통화정책 운영체제································79
제4장 통화정책의 수립과 집행··············································91
제1절 통화정책의 결정······························································92
제2절 통화정책 수단·······························································100
1. 공개시장운영······························································100
2. 중앙은행 여수신제도····················································108
3. 지급준비제도······························································113
제3절 통화정책 커뮤니케이션···················································123
1. 커뮤니케이션의 의의····················································123
2. 커뮤니케이션의 대상····················································126
3. 커뮤니케이션의 주체····················································129
4. 커뮤니케이션의 수단····················································131
제4절 비전통적 통화정책·························································135
1. 비전통적 통화정책의 개념 및 유형 ·································135
2. 금융기관 및 신용시장 대상 유동성 공급··························136
3. 양적완화····································································137
4. 사전적 정책방향 제시···················································138
5. 마이너스 정책금리 운용················································139
6. 비전통적 통화정책에 대한 평가······································140
제5장 통화정책 효과의 파급················································151
제1절 통화정책의 파급경로······················································152
1. 금리경로····································································153
2. 자산가격경로······························································155
3. 환율경로····································································157
4. 기대경로····································································159
5. 신용경로····································································161
6. 위험선호경로······························································163
제2절 통화정책의 파급시차······················································166
제3절 통화정책과 여타 정책과의 관계·······································170
1. 재정정책 및 외환정책과의 관계······································170
2. 거시건전성정책과의 관계··············································172
제6장 통화정책의 향후 과제················································177
제2부 한국의 통화정책
제1장 통화정책의 목표··························································191
제2장 통화정책 운영체제······················································195
제1절 변천과정·······································································195
제2절 현행 통화정책 운영체제··················································202
1. 물가안정목표의 설정 ····················································202
2. 금리 중심의 통화정책 운영············································208
제3장 통화정책의 수립과 집행 ············································215
제1절 통화정책의 결정 ····························································215
제2절 통화정책 수단 ·······························································221
1. 공개시장운영·······························································221
2. 여수신제도··································································230
3. 지급준비제도·······························································246
제3절 통화정책 커뮤니케이션···················································251
제4절 통화정책 효과의 파급·····················································258
제4장 통화정책의 실제 운영················································269
제1절 외환위기 이후~2004년·················································269
제2절 2005년~글로벌 금융위기 이전 ······································273
제3절 글로벌 금융위기 이후·····················································279
제4절 앞으로의 과제 ·······························································290
부록 한국은행 통화정책 수단의 변천과정······························295
약어 목록·················································································319
참고문헌 ··················································································321
색인··························································································342