Central banks as economic institutions
The number of central banks in the world is approaching 180, a tenfold increase since the beginning of the twentieth century. What lies behind the spread of this economic institution? What underlying process has brought central banks to hold such a key role in economic life today? This book examines...
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| Format: | eBook |
| Language: | English |
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Cheltenham
Edward Elgar
c2008
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| Series: | Cournot Centre for Economic Studies series
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| Collection: | Edward Elgar eBook Archive - Collection details see MPG.ReNa |
| Summary: | The number of central banks in the world is approaching 180, a tenfold increase since the beginning of the twentieth century. What lies behind the spread of this economic institution? What underlying process has brought central banks to hold such a key role in economic life today? This book examines from a transatlantic perspective how the central bank has become the bank of banks. Thirteen distinguished economists and central bankers have been brought together to evaluate how central banks work, arrive at their policies, choose their instruments and gauge their success in managing economies, both in times of crisis and periods of growth ch. 1. monetary beliefs and the power of central banks / André Orléan -- ch. 2. Monetary policy in Germany since 1948 : national tradition, international best practice or ideology? / Carl-Ludwig Holtfrerich. -- ch. 3. What objectives for monetary policy? / Benjamin M. Friedman -- ch. 4. Financial stability and monetary policy : a framework / Gerhard Illing -- ch. 5. Coordinating expectations in monetary policy / Stephen Morris and Hyun Song Shin -- ch. 6. Central bank transparency : where, why and with what effects? / Nazire Nergiz Dincer and Barry Eichengreen -- ch. 7. Global imbalances : origins, consequences and possible resolutions / Takatoshi Ito -- ch. 8. Global imbalances : a contemporary 'Rashomon' saga / Nouriel Roubini -- ch. 9. Round table discussion : monetary policy in the new international environment / Patrick Artus ... [et al.] |
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| Physical Description: | xvi, 215 p ill |
| ISBN: | 9781848441088 1848441096 1848441088 9781848445185 9781848441095 |