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Author : Simon Mee
Publisher : Cambridge University Press
Page : 373 pages
File Size : 49,9 Mb
Release : 2019-09-12
Category : Business & Economics
ISBN : 9781108499781
A study of the power struggle between Germany's central bank and the West German government to control monetary policy in the post-war era.
Author : Sylvester C. W. Eijffinger,Jakob de Haan
Publisher : International Finance Section Department of Econ Ton Univers
Page : 100 pages
File Size : 41,7 Mb
Release : 1996
Category : Business & Economics
ISBN : STANFORD:36105021434209
Author : David G. Mayes,Pierre L. Siklos,Jan-Egbert Sturm
Publisher : Oxford Handbooks
Page : 809 pages
File Size : 41,9 Mb
Release : 2019-03-15
Category : Business & Economics
ISBN : 9780190626198
"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"--
Author : Peter Conti-Brown,Rosa Maria Lastra
Publisher : Edward Elgar Publishing
Page : 592 pages
File Size : 44,6 Mb
Release : 2018
Category : Electronic
ISBN : 9781784719227
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.
Author : Hanspeter K. Scheller,European Central Bank
Publisher : Unknown
Page : 229 pages
File Size : 50,5 Mb
Release : 2006
Category : Banks and banking, Central
ISBN : 928990027X
Comprehensive 200-page overview of the ECB from its inception in June 1998 until the present day.
Author : Mr.Peter Stella
Publisher : International Monetary Fund
Page : 40 pages
File Size : 40,7 Mb
Release : 1997-07-01
Category : Business & Economics
ISBN : 9781451850505
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.
Author : Thammarak Moenjak
Publisher : John Wiley & Sons
Page : 341 pages
File Size : 43,9 Mb
Release : 2014-10-13
Category : Business & Economics
ISBN : 9781118832462
Understand the theories and interpret the actions of modern central banks Central Banking takes a comprehensive look at the topic of central banking, and provides readers with an understanding and insights into the roles and functions of modern central banks in advanced as well as emerging economies, theories behind their thinking, and actual operations practices. The book takes a systematic approach to the topic, while providing an accessible format and style that is appropriate for general audiences and students with only a minimal macroeconomic background. Theoretical reviews and examples of how the theories are applied in practice are presented in an easy-to-understand manner and serve as a guide for readers to further investigate specific ancillary central banking topics and as a means to make informed judgments about central bank actions. Important topics covered in the book include: Evolution of central banking functions and the international monetary system Theoretical backgrounds that are the foundation to the modern practice of monetary policy Monetary policy regimes, including exchange rate targeting, money supply growth targeting, the risk management approach, inflation targeting, and unconventional monetary policy. Actual practice in market operations and transmission mechanisms of monetary policy The exchange rate and central banking Theoretical backgrounds related to various dimensions of financial stability Current developments with regards to sustaining financial stability The future of central banking in the wake of the 2007-2010 global financial crisis Case studies on relevant practical issues and key concepts in central banking Designed as essential reading for students, market analysts, investors, and central banks' new recruits, Central Banking better positions readers to interpret the actions of central banks and to understand the complexities of their position in the global financial arena.
Author : Jakob De Haan
Publisher : Routledge
Page : 180 pages
File Size : 40,6 Mb
Release : 2012-09-10
Category : Business & Economics
ISBN : 9781134604135
After fifty years the Deutsche Bundesbank - the central bank that dominated European monetary affairs - has stepped down to entrust monetary policy to the European Central Bank (ECB). This is the first research work to thoroughly explore the lessons to be learned from the Bundesbank by the ECB, in areas such as price stability and political interference.
Author : Corrado Macchiarelli,Mara Monti,Claudia Wiesner,Sebastian Diessner
Publisher : Springer Nature
Page : 197 pages
File Size : 51,7 Mb
Release : 2020-08-25
Category : Political Science
ISBN : 9783030443481
In light of the handover from the European Central Bank President Mario Draghi to Christine Lagarde in November 2019, this book provides an in-depth analysis of the events which unfolded since the euro area sovereign debt crisis in 2010 up until today. The book focuses on the far-reaching implications of the last decade, shedding light on a wide spectrum of political, economic and financial aspects of the European poly-crises and how monetary policy reacted to these challenges. The book places particular emphasis on the tensions that the supranational central bank was subject to during this period, and on their outcomes in terms of the policies, their legitimacy, and their public reception. As such, this book will be relevant not only to understand the political implications of the past crisis but also, and foremost, in understanding "what is next".
Author : Andreas Beyer
Publisher : Unknown
Page : 80 pages
File Size : 54,6 Mb
Release : 2016
Category : Electronic
ISBN : OCLC:1306165175
During the turbulent 1970s and 1980s the Bundesbank established an outstanding reputation in the world of central banking. Germany achieved a high degree of domestic stability and provided safe haven for investors in times of turmoil in the international financial system. Eventually the Bundesbank provided the role model for the European Central Bank. Hence, we examine an episode of lasting importance in European monetary history. The purpose of this paper is to highlight how the Bundesbank monetary policy strategy contributed to this success. We analyze the strategy as it was conceived, communicated and refined by the Bundesbank itself. We propose a theoretical framework (following Söderström, 2005) where monetary targeting is interpreted, first and foremost, as a commitment device. In our setting, a monetary target helps anchoring inflation and inflation expectations. We derive an interest rate rule and show empirically that it approximates the way the Bundesbank conducted monetary policy over the period 1975-1998. We compare the Bundesbank's monetary policy rule with those of the FED and of the Bank of England. We find that the Bundesbank's policy reaction function was characterized by strong persistence of policy rates as well as a strong response to deviations of inflation from target and to the activity growth gap. In contrast, the response to the level of the output gap was not significant. In our empirical analysis we use real-time data, as available to policymakers at the time.
Author : Matthew Stanard
Publisher : Leuven University Press
Page : 339 pages
File Size : 43,5 Mb
Release : 2019-04-15
Category : Political Science
ISBN : 9789462701793
Thought-provoking reflection on culture, colonialism, and the remainders of empire in Belgium after 1960 The degree to which the late colonial era affected Europe has been long underappreciated, and only recently have European countries started to acknowledge not having come to terms with decolonisation. In Belgium, the past two decades have witnessed a growing awareness of the controversial episodes in the country’s colonial past. This volume examines the long-term effects and legacies of the colonial era on Belgium after 1960, the year the Congo gained its independence, and calls into question memories of the colonial past by focusing on the meaning and place of colonial monuments in public space. The book foregrounds the enduring presence of “empire” in everyday Belgian life in the form of permanent colonial markers in bronze and stone, lieux de mémoire of the country’s history of overseas expansion. By means of photographs and explanations of major pro-colonial memorials, as well as several obscure ones, the book reveals the surprising degree to which Belgium became infused with a colonialist spirit during the colonial era. Another key component of the analysis is an account of the varied ways in which both Dutch- and French-speaking Belgians approached the colonial past after 1960, treating memorials variously as objects of veneration, with indifference, or as symbols to be attacked or torn down. The book provides a thought-provoking reflection on culture, colonialism, and the remainders of empire in Belgium after 1960.
Author : Liber Amicorum,European Central Bank
Publisher : Unknown
Page : 414 pages
File Size : 44,8 Mb
Release : 2005
Category : Banking law
ISBN : 9291817015
"The book contains a collection of articles on the European Union and the European System of Central Banks (ESCB), the Eurosystem, monetary law, central bank independence and central bank statutes as well as on financial law. The authors are current or former members of the Legal Committee of the ESCB (LEGCO). This book commemorates ten years of work by the Working Group of Legal Experts of the European Monetary Institute and by the LEGCO. It is dedicated to Mr Paolo Zamboni Garavelli, former Head of the Legal Department at the Banca d'Italia and member of LEGCO, who died in 2004."--Editor.
Author : Thomas Beukers,Diane Fromage,GIORGIO. FROMAGE MONTI (DIANE. BEUKERS, THOMAS.)
Publisher : Oxford University Press
Page : 481 pages
File Size : 45,8 Mb
Release : 2022-12-02
Category : Law
ISBN : 9780198871231
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.
Author : Charles Goodhart,Daniela Gabor,Jakob Vestergaard,Ismail Ertürk
Publisher : Anthem Press
Page : 292 pages
File Size : 54,8 Mb
Release : 2014-12-01
Category : Business & Economics
ISBN : 9781783083046
This book reflects on the innovations that central banks have introduced since the 2008 collapse of Lehman Brothers to improve their modes of intervention, regulation and resolution of financial markets and financial institutions. Authors from both academia and policy circles explore these innovations through four approaches: ‘Bank Capital Regulation’ examines the Basel III agreement; ‘Bank Resolution’ focuses on effective regimes for regulating and resolving ailing banks; ‘Central Banking with Collateral-Based Finance’ develops thought on the challenges that market-based finance pose for the conduct of central banking; and ‘Where Next for Central Banking’ examines the trajectory of central banking and its new, central role in sustaining capitalism.
Author : Gerald D. Feldman
Publisher : Cambridge University Press
Page : 593 pages
File Size : 53,8 Mb
Release : 2015-09-15
Category : Business & Economics
ISBN : 9781107001657
This book gives a detailed account of how two major Austrian banks profited from their service to the Nazi regime.