The Past and Future of Central Bank Cooperation

Claudio Borio

ISBN 10: 0521187575 / ISBN 13: 9780521187572

Published by Cambridge University Press, GB, 2011

About this Item

This book explores the past and future of central bank cooperation. In today's global economy, the cooperation between central banks is a key element in maintaining or restoring monetary and financial stability, thereby ensuring a smooth functioning of the international financial system. In this book, economists, historians, and political scientists look back at the experience of central bank cooperation during the past century - at its goals, nature, and processes and at its successes and failures - and draw lessons for the future. Particular attention is devoted to the role played by central bank cooperation in the formulation of minimum capital standards for internationally active banks (the Basel Capital Accord, Basel II), and in the process of European monetary unification and the introduction of the Euro.

Seller Inventory # LU-9780521187572

Bibliographic Details

• Title: The Past and Future of Central Bank Cooperation
• Publisher: Cambridge University Press, GB
• Publication Date: 2011
• Language: English
• ISBN 10: 0521187575
• ISBN 13: 9780521187572
• Binding: Paperback
• Condition: New
• Weight: 400 grams

About this title

Synopsis

This book explores the past and future of central bank cooperation. In today’s global economy, the cooperation between central banks is a key element in maintaining or restoring monetary and financial stability, thereby ensuring a smooth functioning of the international financial system. Or is it? In this book, economists, historians, and political scientists look back at the experience of central bank cooperation during the past century – at its goals, nature, and processes and at its successes and failures – and draw lessons for the future. Particular attention is devoted to the role played by central bank cooperation in the formulation of minimum capital standards for internationally active banks (the Basel Capital Accord, Basel II), and in the process of European monetary unification and the introduction of the euro.

Book Description

This book looks back at the historical experience of central bank cooperation in the western world since the late nineteenth century. It provides a systematic analysis of the nature and characteristics of this form of cooperation and offers a global perspective on what its future might look like.