Evolution and Procedures in Central Banking (Paperback)

David E. Altig

ISBN 10: 0521158281 / ISBN 13: 9780521158282

Published by Cambridge University Press, Cambridge, 2011

About this Item

Paperback. 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. 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. This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.

Seller Inventory # 9780521158282

Bibliographic Details

• Title: Evolution and Procedures in Central Banking (Paperback)
• Publisher: Cambridge University Press, Cambridge
• Publication Date: 2011
• Language: English
• ISBN 10: 0521158281
• ISBN 13: 9780521158282
• Binding: Paperback
• Condition: new

About this title

Synopsis

The contributions in this volume reveal much about the institutional nature of central banks. They analyze the banks' growth and development as well as desired objectives and challenges in the future. The articles tackle the issues in a variety of ways, combining historical observation with economic theory and experimentation.

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 in order to best achieve those objectives, and what kinds of challenges such institutions might face in the twenty-first century. The articles tackle these issues in a variety of ways, combining historical observation with economic theory, and even laboratory experimentation.