The Changing Role Of Central Banks
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Author |
: D. Chorafas |
Publisher |
: Springer |
Total Pages |
: 463 |
Release |
: 2013-09-04 |
ISBN-10 |
: 9781137332288 |
ISBN-13 |
: 113733228X |
Rating |
: 4/5 (88 Downloads) |
Synopsis The Changing Role of Central Banks by : D. Chorafas
The Changing Role of Central Banks derives lessons from current economic and financial challenges as well as failures in confronting them. Through this approach, it brings under perspective political and social reactions to major economic problems of the last ten years, particularly those pertaining to money and initiatives taken by central banks.
Author |
: Charles Goodhart |
Publisher |
: MIT Press |
Total Pages |
: 219 |
Release |
: 1988-09-16 |
ISBN-10 |
: 9780262570732 |
ISBN-13 |
: 0262570734 |
Rating |
: 4/5 (32 Downloads) |
Synopsis The Evolution of Central Banks by : Charles Goodhart
The Evolution of Central Banks employs a wide range of historical evidence and reassesses current monetary analysis to argue that the development of non-profit-maximizing and noncompetitive central banks to supervise and regulate the commercial banking system fulfils a necessary and natural function. Goodhart surveys the case for free banking, examines the key role of the clearing house in the evolution of the central bank, and investigates bank expansion and fluctuation in the context of the clearing house mechanism. He concludes that it is the noncompetitive aspect of the central bank that is crucial to the performance of its role. Goodhart addresses the questions of deposit insurance and takes up the "club theory" approach to the central bank. Included in the historical study of their origins are 8 European central banks, the Bank of Japan, the Bank of England, and the Federal Reserve Board of the United States.
Author |
: Board of Governors of the Federal Reserve System |
Publisher |
: |
Total Pages |
: 0 |
Release |
: 2002 |
ISBN-10 |
: 0894991965 |
ISBN-13 |
: 9780894991967 |
Rating |
: 4/5 (65 Downloads) |
Synopsis The Federal Reserve System Purposes and Functions by : Board of Governors of the Federal Reserve System
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.
Author |
: Peter Dietsch |
Publisher |
: John Wiley & Sons |
Total Pages |
: 78 |
Release |
: 2018-08-16 |
ISBN-10 |
: 9781509525805 |
ISBN-13 |
: 1509525807 |
Rating |
: 4/5 (05 Downloads) |
Synopsis Do Central Banks Serve the People? by : Peter Dietsch
Central banks have become the go-to institution of modern economies. In the wake of the 2007 financial crisis, they injected trillions of dollars of liquidity – through a process known as quantitative easing – first to prevent financial meltdown and later to stimulate the economy. The untold story behind these measures, and behind the changing roles of central banks generally, is that they have come at a considerable cost. Central banks argue we had no choice. This book offers a powerfully original examination of why this claim is false. Using examples from Europe and the US, the authors present and analyse three specific concerns about the way central banks in developed economies operate today. Firstly, they show how unconventional monetary policies have created significant unintended negative consequences in terms of inequalities in income and wealth. They go on to argue that central banks may have become independent of governments, but have instead become worryingly dependent on financial markets. They then proceed to analyse how central bankers, despite being the undisputed experts on monetary policy, can still err and suffer from multiple forms of bias. This book is a sobering and urgent wake-up call for policy-makers and anyone interested in how our monetary and financial system really works.
Author |
: Mr.Peter Stella |
Publisher |
: International Monetary Fund |
Total Pages |
: 40 |
Release |
: 1997-07-01 |
ISBN-10 |
: 9781451850505 |
ISBN-13 |
: 1451850506 |
Rating |
: 4/5 (05 Downloads) |
Synopsis Do Central Banks Need Capital? by : Mr.Peter Stella
Central banks may operate perfectly well without capital as conventionally defined. A large negative net worth, however, is likely to compromise central bank independence and interfere with its ability to attain policy objectives. If society values an independent central bank capable of effectively implementing monetary policy, recapitalization may become essential. Proper accounting practice in determining central bank profit or loss and rules governing the transfer of the central bank’s operating result to the treasury are also important. A variety of country-specific central bank practices are reviewed to support the argument.
Author |
: Pierre L. Siklos |
Publisher |
: Cambridge University Press |
Total Pages |
: 372 |
Release |
: 2002-11-21 |
ISBN-10 |
: 9781139433464 |
ISBN-13 |
: 1139433466 |
Rating |
: 4/5 (64 Downloads) |
Synopsis The Changing Face of Central Banking by : Pierre L. Siklos
Central banks have emerged as the key players in national and international policy making. This book explores their evolution since World War II in 20 industrial countries. The study considers the mix of economic, political and institutional forces that have affected central bank behaviour and its relationship with government. The analysis reconciles vastly different views about the role of central banks in the making of economic policies. One finding is that monetary policy is an evolutionary process.
Author |
: Forrest Capie |
Publisher |
: Cambridge University Press |
Total Pages |
: 396 |
Release |
: 1994 |
ISBN-10 |
: 0521496349 |
ISBN-13 |
: 9780521496346 |
Rating |
: 4/5 (49 Downloads) |
Synopsis The Future of Central Banking by : Forrest Capie
This volume contains two major papers prepared for the Bank of England's Tercentenary Symposium in June 1994. The first, by Forrest Capie, Charles Goodhart and Norbert Schnadt, provides an authoritative account of the evolution of central banking. It traces the development of both the monetary and financial stability concerns of central banks, and includes individual sections on the evolution and constitutional positions of 31 central banks from around the world. The second paper, by Stanley Fischer, explores the major policy dilemmas now facing central bankers: the extent to which there is a short-term trade-off between inflation and growth; the choice of inflation targets; and the choice of operating procedures. Important contributions by leading central bankers from around the world, and the related Per Jacobsen lecture by Alexander Lamfalussy, are also included in the volume.
Author |
: Stefano Ugolini |
Publisher |
: Springer |
Total Pages |
: 339 |
Release |
: 2017-11-20 |
ISBN-10 |
: 9781137485250 |
ISBN-13 |
: 1137485256 |
Rating |
: 4/5 (50 Downloads) |
Synopsis The Evolution of Central Banking: Theory and History by : Stefano Ugolini
This book is the first complete survey of the evolution of monetary institutions and practices in Western countries from the Middle Ages to today. It radically rethinks previous attempts at a history of monetary institutions by avoiding institutional approach and shifting the focus away from the Anglo-American experience. Previous histories have been hamstrung by the linear, teleological assessment of the evolution of central banks. Free from such assumptions, Ugolini’s work offers bankers and policymakers valuable and profound insights into their institutions. Using a functional approach, Ugolini charts an historical trajectory longer and broader than any other attempted on the subject. Moving away from the Anglo-American perspective, the book allows for a richer (and less biased) analysis of long-term trends. The book is ideal for researchers looking to better understand the evolution of the institutions that underlie the global economy.
Author |
: Paul Tucker |
Publisher |
: Princeton University Press |
Total Pages |
: 662 |
Release |
: 2019-09-10 |
ISBN-10 |
: 9780691196305 |
ISBN-13 |
: 0691196303 |
Rating |
: 4/5 (05 Downloads) |
Synopsis Unelected Power by : Paul Tucker
Tucker presents guiding principles for ensuring that central bankers and other unelected policymakers remain stewards of the common good.
Author |
: Philipp Hartmann |
Publisher |
: Cambridge University Press |
Total Pages |
: 423 |
Release |
: 2018-03-29 |
ISBN-10 |
: 9781108423847 |
ISBN-13 |
: 1108423841 |
Rating |
: 4/5 (47 Downloads) |
Synopsis The Changing Fortunes of Central Banking by : Philipp Hartmann
22.3.1 Basic Characteristics