Evolution and Procedures in Central Banking - Softcover

Softcover

ISBN 10: 0521158281 ISBN 13: 9780521158282

Publisher: Cambridge University Press, 2011

Synopsis

This volume collects the proceedings from a conference on the evolution and practice of central banking sponsored by the Central Bank Institute of the Federal Reserve Bank of Cleveland. The articles and discussants' comments in this volume largely focus on two questions: the need for central banks, and how to maintain price stability once they are established. The questions addressed include whether large banks (or coalitions of small banks) can substitute for government regulation and due central bank liquidity provision; whether the future will have fewer central banks or more; the possibility of private means to deliver a uniform currency; if competition across sovereign currencies can ensure global price stability; the role of learning (and unlearning) the lessons of the past inflationary episodes in understanding central bank behavior; and an analysis of the European Central Bank.

About this title

Review

"...the volume provides a refreshing survey of current leading issues in central banking, and belongs to the shelves of anyone who believes in the outstanding relevance of monetary and banking history for current challenges, both theoretical and practical." EH.NET

Book Description

The articles in this volume are collectively about shedding light on central banks as institutions: how modern central banks have come to be what they are, what their objectives ought to be, how central banks ought to behave, and what kinds of challenges they might face.

Edition details

• Publisher: Cambridge University Press
• Publication date: 2011
• Language: English
• ISBN 10: 0521158281
• ISBN 13: 9780521158282
• Binding: Paperback
• Number of pages: 334
• Editor: Altig David E.