Research Handbook on Central Banking

Research Handbook on Central Banking PDF

Author: Peter Conti-Brown

Publisher: Edward Elgar Publishing

Published: 2018

Total Pages: 592

ISBN-13: 1784719226

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Central banks occupy a unique space in their national governments and in the global economy. The study of central banking however, has too often been dominated by an abstract theoretical approach that fails to grasp central banks’ institutional nuances. This comprehensive and insightful Handbook, takes a wider angle on central banks and central banking, focusing on the institutions of central banking. By 'institutions', Peter Conti-Brown and Rosa Lastra refer to the laws, traditions, norms, and rules used to structure central bank organisations. The Research Handbook on Central Banking’s institutional approach is one of the most interdisciplinary efforts to consider its topic, and includes chapters from leading and rising central bankers, economists, lawyers, legal scholars, political scientists, historians, and others.

The Great Inflation

The Great Inflation PDF

Author: Michael D. Bordo

Publisher: University of Chicago Press

Published: 2013-06-28

Total Pages: 545

ISBN-13: 0226066959

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Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.

A Concise History of International Finance

A Concise History of International Finance PDF

Author: Larry Neal

Publisher: Cambridge University Press

Published: 2015-10-22

Total Pages: 377

ISBN-13: 1107034175

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A comprehensive survey of international financial history across three thousand years that reveals how previous crises were successfully overcome.

The Economics of Ancient Greece

The Economics of Ancient Greece PDF

Author: H. Michell

Publisher: Cambridge University Press

Published: 2014-08-14

Total Pages: 429

ISBN-13: 1107419115

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Originally published in 1940, this book provides an overview of the economy of ancient Greece, with a particular focus on the economy of Athens and its eventual empire. Michell uses literary and epigraphic evidence to detail the main types of revenue generation prevalent in mainland Greece and the Greek islands, such as mining and foreign trade, and provides an introduction discussing the impact of other factors on the Greek economy, including infanticide and Greek economic thought. This book will be of value to anyone with an interest in ancient economics and money-making in ancient Greece.

The Oxford Handbook of the Economics of Central Banking

The Oxford Handbook of the Economics of Central Banking PDF

Author: David G. Mayes

Publisher: Oxford Handbooks

Published: 2019-03-15

Total Pages: 809

ISBN-13: 0190626194

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"The Handbook reflects the state of the art in the theory and practice of central banking. It covers all the essential areas that have come under scrutiny since the global financial crisis of 2007-9"--

The European Central Bank

The European Central Bank PDF

Author: Hanspeter K. Scheller

Publisher:

Published: 2006

Total Pages: 229

ISBN-13: 9789289900270

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Comprehensive 200-page overview of the ECB from its inception in June 1998 until the present day.

The New European Central Bank: Taking Stock and Looking Ahead

The New European Central Bank: Taking Stock and Looking Ahead PDF

Author: Thomas Beukers

Publisher: Oxford University Press

Published: 2022-12-02

Total Pages: 481

ISBN-13: 0198871236

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The European Central Bank (ECB) was first introduced in the European legal order on the occasion of the Treaty of Maastricht (1992). An official EU institution which is governed by EU law, the ECB of modern times differs vastly from its inception in 1998, which manifests in three main ways: monetary policy options, consideration of concerns other than low inflation in its policy-making, and its role in the Banking Union. This edited collection offers a retrospective and prospective account of the ECB, charting its evolution in detail with chapters written by leading academics and practitioners. Part 1 examines the substantive changes to monetary policy introduced by the ECB as a consequence of the financial and sovereign debt crisis by considering their legal basis. Part 2 moves beyond monetary policy by shifting to the new roles that the ECB has been called upon to play, notably in banking supervision and resolution. Parts 3 and 4 deal with transformations to inter- and intra-institutional relations, and take stock of these transformations, reflecting on the nature of the ECB of current times and which direction it could be heading in the future. The authors analyse the most salient and controversial elements of the ECB's crisis response, including unconventional monetary policy measures and the ECB's risk management strategy. Beyond monetary policy, the book further examines the role played by objectives such as financial stability and environmental sustainability, the ECB's relationship to the Lender of Last Resort function, as well as its new responsibilities in the Banking Union.

Do Central Banks Need Capital?

Do Central Banks Need Capital? PDF

Author: Mr.Peter Stella

Publisher: International Monetary Fund

Published: 1997-07-01

Total Pages: 40

ISBN-13: 1451850506

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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.