Much has changed over the last decade in the world of central banking. Most central banks now see low and stable inflation as their main, if not only, target and many have been granted unprecedented independence. Financial markets around the world have become considerably more integrated and, some say, prone to irrational exuberance. With more independence has come the need for more accountability and transparency. With the increased size and volatility of markets has come the need to carefully manage communication. Central bankers have delivered a high degree of price stability, but now communication is high on their list of concerns, while private bankers and the media devote ever more energy in outguessing the monetary authorities' next moves. These issues and more will be covered by this report, originally presented to a closed meeting of distinguished central and private-sector bankers, academics and representatives of major media, and revised in the light of their discussion.
A work of meticulous reporting and bracing analysis, Collusion will change the way we understand the new world of international finance.
... Changkyu Lee, Chris Loy, Jackson Malle, Alysa Pomer, Amy Robbins, John Rogers, Giusi Russo, Hande Sarikuzu, ... as Nat and Katherine Bouman; Harper and Otis in Binghamton; Sara Cicalo in New York; and Bob Reichlin, Amy Blakemore, ...
What are the benefits of central bank independence, and what are the up- and downsides of having a common currency? This book provides easily accessible answers to these and other questions associated with central banking.
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 ...
Tucker presents guiding principles for ensuring that central bankers and other unelected policymakers remain stewards of the common good.
Using a mix of insights from economics, finance, and behavioral science, this book gives us the tools we need to properly understand this turning point, prepare for it, and come out of it stronger.
Spellbinding, insightful and, perhaps most important, timely.” —Kirkus Reviews (starred) “There is terrific prescience to be found in [Lords of Finance’s] portrait of times past . . . [A] writer of great verve and erudition, ...
The Oxford Handbook of the Economics of Central Banking reflects the state of the art in the theory and practice and covers a wide range of topics that will provide insight to students, scholars, and practitioners.
Drawn from a 2015 Hoover Institution conference, this book features distinguished scholars and policy makers' discussing this and other key questions about the Fed.
This book features contributions by the world's leading experts on central banking, providing in accessible essays a fascinating review of today's key issues for central banks.