The Economics Of Central Banking

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The Economics of Central Banking

Livio Stracca
The Economics of Central Banking Book PDF

Author : Livio Stracca
Publisher : Routledge
Page : 284 pages
File Size : 53,7 Mb
Release : 2018-04-17
Category : Business & Economics
ISBN : 9781351583350

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The Economics of Central Banking by Livio Stracca Pdf

This book offers a comprehensive analysis of central banks, and aims to demystify them for the general public, which is the only way to have a rational debate about them and ultimately to make them truly accountable. The book originates from the author’s graduate lectures on Central Banking at the University of Frankfurt J.W. Goethe. It contains an overview of all the key questions surrounding central banks and their role in the economy. It leads the reader from the more established concepts (including monetary theory and historical experience), necessary to have a good grasp of modern central banking, to the more open and problematic questions, which are being debated within academic and financial market circles. This structure enables readers without specific knowledge of central banks or monetary economics to understand the current challenges. The book has three defining characteristics, which set it apart from competing titles: first, it is pitched at the general public and uses simple and entertaining language. Second, it is rooted in, and makes frequent reference to, recent academic research, based on content for a graduate level course. Third, the author thinks 'out of the box' in order to describe the possible evolution of central banks (including the prospect of their disappearance), and not only the status quo.

The Oxford Handbook of the Economics of Central Banking

David G. Mayes,Pierre L. Siklos,Jan-Egbert Sturm
The Oxford Handbook of the Economics of Central Banking Book PDF

Author : David G. Mayes,Pierre L. Siklos,Jan-Egbert Sturm
Publisher : Oxford University Press
Page : 656 pages
File Size : 54,6 Mb
Release : 2019-02-15
Category : Business & Economics
ISBN : 9780190626204

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The Oxford Handbook of the Economics of Central Banking by David G. Mayes,Pierre L. Siklos,Jan-Egbert Sturm Pdf

The economic influence of central banks has received ever more attention given their centrality during the financial crises that led to the Great Recession, strains in the European Union, and the challenges to the Euro. 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. As an up to date reference of the current and potential challenges faced by central banks in the conduct of monetary policy and in the search for the maintenance of financial system stability, this Oxford Handbook covers a wide range of essential issues. The first section provides insights into central bank governance, the differing degrees of central bank independence, and the internal dynamics of their decision making. The next section focuses on questions of whether central banks can ameliorate fiscal burdens, various strategies to affect monetary policy, and how the global financial crisis affected the relationship between the traditional focus on inflation targeting and unconventional policy instruments such as quantitative easing (QE), foreign exchange market interventions, negative interest rates, and forward guidance. The next two sections turn to central bank communications and management of expectations and then mechanisms of policy transmission. The fifth part explores the challenges of recent developments in the economy and debates about the roles central banks should play, focusing on micro- and macro-prudential arguments. The implications of recent developments for policy modeling are covered in the last section. The breadth and depth enhances understanding of the challenges and opportunities facing central banks.

The Political Economy of Central Banking in Emerging Economies

Mustafa Yağcı
The Political Economy of Central Banking in Emerging Economies Book PDF

Author : Mustafa Yağcı
Publisher : Routledge
Page : 222 pages
File Size : 47,9 Mb
Release : 2020-09-03
Category : Business & Economics
ISBN : 9781000164770

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The Political Economy of Central Banking in Emerging Economies by Mustafa Yağcı Pdf

Since the start of the Global Financial Crisis in 2008, research on central banking has gained momentum due to unusual levels of central bank activism and unconventional monetary policy measures in many countries. While these policies drew significant attention to advanced economy central banks, there has been much less academic focus on central banking in emerging economies. This book extends the research on the political economy of central banking by focusing on the emerging economies in Asia, Africa, Latin America, and the European periphery. Central banks are at the heart of economic policymaking, and their decisions have a significant impact on the social and economic well-being of citizens. Adopting an interdisciplinary political economy perspective, the contributions in this book explore the reciprocal relations between politics, economics, and central banks, and how the global and domestic political economy contexts influence central bank practices. The chapters employ diverse theoretical perspectives such as institutional and organizational theory, developmental state resource dependency, and gender studies, drawing on disciplines ranging from politics, international relations, public policy, management, finance, and sociology. This book will appeal to academics and students of central banking, political economy, and emerging economies, as well as professionals and policymakers engaged with central banks, monetary policy, and economic development.

The Economics of Central Banking

Livio Stracca
The Economics of Central Banking Book PDF

Author : Livio Stracca
Publisher : Routledge
Page : 284 pages
File Size : 46,7 Mb
Release : 2018-04-17
Category : Business & Economics
ISBN : 9781351583350

Get Book

The Economics of Central Banking by Livio Stracca Pdf

This book offers a comprehensive analysis of central banks, and aims to demystify them for the general public, which is the only way to have a rational debate about them and ultimately to make them truly accountable. The book originates from the author’s graduate lectures on Central Banking at the University of Frankfurt J.W. Goethe. It contains an overview of all the key questions surrounding central banks and their role in the economy. It leads the reader from the more established concepts (including monetary theory and historical experience), necessary to have a good grasp of modern central banking, to the more open and problematic questions, which are being debated within academic and financial market circles. This structure enables readers without specific knowledge of central banks or monetary economics to understand the current challenges. The book has three defining characteristics, which set it apart from competing titles: first, it is pitched at the general public and uses simple and entertaining language. Second, it is rooted in, and makes frequent reference to, recent academic research, based on content for a graduate level course. Third, the author thinks 'out of the box' in order to describe the possible evolution of central banks (including the prospect of their disappearance), and not only the status quo.

Introduction to Central Banking

Ulrich Bindseil,Alessio Fotia
Introduction to Central Banking Book PDF

Author : Ulrich Bindseil,Alessio Fotia
Publisher : Springer Nature
Page : 128 pages
File Size : 54,7 Mb
Release : 2021-05-18
Category : Business & Economics
ISBN : 9783030708849

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Introduction to Central Banking by Ulrich Bindseil,Alessio Fotia Pdf

This open access book gives a concise introduction to the practical implementation of monetary policy by modern central banks. It describes the conventional instruments used in advanced economies and the unconventional instruments that have been widely adopted since the financial crisis of 2007–2008. Illuminating the role of central banks in ensuring financial stability and as last resort lenders, it also offers an overview of the international monetary framework. A flow-of-funds framework is used throughout to capture this essential dimension in a consistent and unifying manner, providing a unique and accessible resource on central banking and monetary policy, and its integration with financial stability. Addressed to professionals as well as bachelors and masters students of economics, this book is suitable for a course on economic policy. Useful prerequisites include at least a general idea of the economic institutions of an economy, and knowledge of macroeconomics and monetary economics, but readers need not be familiar with any specific macroeconomic models.

Central Banking in Theory and Practice

Alan S. Blinder
Central Banking in Theory and Practice Book PDF

Author : Alan S. Blinder
Publisher : MIT Press
Page : 116 pages
File Size : 47,8 Mb
Release : 1999-01-07
Category : Business & Economics
ISBN : 0262522608

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Central Banking in Theory and Practice by Alan S. Blinder Pdf

Alan S. Blinder offers the dual perspective of a leading academic macroeconomist who served a stint as Vice-Chairman of the Federal Reserve Board—one who practiced what he had long preached and then returned to academia to write about it. He tells central bankers how they might better incorporate academic knowledge and thinking into the conduct of monetary policy, and he tells scholars how they might reorient their research to be more attuned to reality and thus more useful to central bankers. Based on the 1996 Lionel Robbins Lectures, this readable book deals succinctly, in a nontechnical manner, with a wide variety of issues in monetary policy. The book also includes the author's suggested solution to an age-old problem in monetary theory: what it means for monetary policy to be "neutral."

Central Banks as Economic Institutions

Jean-Philippe Touffut
Central Banks as Economic Institutions Book PDF

Author : Jean-Philippe Touffut
Publisher : Edward Elgar Publishing
Page : 233 pages
File Size : 50,5 Mb
Release : 2008-01-01
Category : Business & Economics
ISBN : 9781848445185

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Central Banks as Economic Institutions by Jean-Philippe Touffut Pdf

Theories and practices in central banking and monetary policy have changed radically over recent decades with independence and inflation targeting as the new keywords. This book offers interesting perspectives on the drivers of this development and its implication. It addresses contemporary questions on accountability, transparency and objectives for monetary policy as well as current policy problems related to globalization and financial imbalances. The book is topical, insightful and well written a must for everybody with an interest in central banking and monetary policy. Torben M. Andersen, University of Aarhus, Denmark The number of central banks in the world is approaching 180, a tenfold increase since the beginning of the twentieth century. What lies behind the spread of this economic institution? What underlying process has brought central banks to hold such a key role in economic life today? This book examines from a transatlantic perspective how the central bank has become the bank of banks. Thirteen distinguished economists and central bankers have been brought together to evaluate how central banks work, arrive at their policies, choose their instruments and gauge their success in managing economies, both in times of crisis and periods of growth. Central banks have gained greater independence from government control over the last 20 years. This widespread trend throws up new questions regarding the foundations, prerogatives and future of this economic institution. This book provides a better understanding of the current financial crisis through the in-depth study of the central bank. Researchers in the fields of monetary theory, monetary policy and central banking will find this volume of great interest. It will also appeal to students of economics, political economy, banking and finance, as well as economists, academics, and public policy advisers and analysts.

Understanding Central Banks

Nils Herger
Understanding Central Banks Book PDF

Author : Nils Herger
Publisher : Springer
Page : 200 pages
File Size : 55,9 Mb
Release : 2019-02-19
Category : Business & Economics
ISBN : 9783030051624

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Understanding Central Banks by Nils Herger Pdf

Issues related to central banks feature regularly in economic news coverage, and in times of economic or financial crisis, especially when a commercial bank is bailed out, they become the focus of the policy debate. But what role do central banks play in a modern economy? How do central banks wield influence over the financial system and the broad economy? Through which channels does monetary policy impact macroeconomic fundamentals such as inflation or unemployment? For example, how does a central bank alter the money supply? 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.

The Economics of Banking

Jin Cao
The Economics of Banking Book PDF

Author : Jin Cao
Publisher : Routledge
Page : 677 pages
File Size : 47,7 Mb
Release : 2021-11-04
Category : Business & Economics
ISBN : 9781000465440

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The Economics of Banking by Jin Cao Pdf

Wide coverage of different perspectives of banking, the book presents classical microeconomic thoeries of banking, but also covers central banking, financial frictions and banking-macro linkages, banking regulation in theory and practice etc., giving students a rounded picture of the world of banking, and also allowing instructors to design and create their own courses with different emphases A self-contained textbook making “linear” progress through chapters. Banking is all about imperfect market, market failure and frictions, therefore, market friction is the key to making progress throughout the book. Necessary elements from contract theory, game theory, dynamic macroeconomics and mathematical techniques will be provided through boxes and appendices, making the textbook self-contained An up-to-date textbook that presents both state-of-the-art research and the evolving reality, an evidence-based textbook that connects theory and practice.

The Encyclopedia of Central Banking

Louis-Philippe Rochon,Sergio Rossi
The Encyclopedia of Central Banking Book PDF

Author : Louis-Philippe Rochon,Sergio Rossi
Publisher : Edward Elgar Publishing
Page : 544 pages
File Size : 51,7 Mb
Release : 2015-02-27
Category : Banks and banking
ISBN : 9781782547440

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The Encyclopedia of Central Banking by Louis-Philippe Rochon,Sergio Rossi Pdf

The Encyclopedia of Central Banking, co-edited by Louis-Philippe Rochon and Sergio Rossi, contains some 250 entries written by over 200 economists on topics related to monetary macroeconomics, central bank theory and policy, and the history of monetary

The Political Economy of Central Banking

Gerald Epstein
The Political Economy of Central Banking Book PDF

Author : Gerald Epstein
Publisher : Edward Elgar Publishing
Page : 576 pages
File Size : 43,5 Mb
Release : 2019
Category : Business & Economics
ISBN : 9781788978415

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The Political Economy of Central Banking by Gerald Epstein Pdf

Central banks are among the most powerful government economic institutions in the world. This volume explores the economic and political contours of the struggle for influence over the policies of central banks such as the Federal Reserve, and the implications of this struggle for economic performance and the distribution of wealth and power in society.

Monetary Policy and Central Banking

Louis-Philippe Rochon,S. Y. Olawoye
Monetary Policy and Central Banking Book PDF

Author : Louis-Philippe Rochon,S. Y. Olawoye
Publisher : Edward Elgar Publishing
Page : 273 pages
File Size : 41,7 Mb
Release : 2012
Category : Business & Economics
ISBN : 9781849807364

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Monetary Policy and Central Banking by Louis-Philippe Rochon,S. Y. Olawoye Pdf

Has the economic and financial crisis changed the way we conduct monetary policy? Is quantitative easing consistent with the endogeneity of money? These are but two of the questions this new book explores. The various contributors offer interesting and new perspectives on the conduct of monetary policy during the crisis, and provide sharp criticism of central bank policies in the US and Europe. A must read for all those interested in a critical analysis of monetary policy.

Making a Modern Central Bank

Harold James
Making a Modern Central Bank Book PDF

Author : Harold James
Publisher : Cambridge University Press
Page : 569 pages
File Size : 40,5 Mb
Release : 2020-09-17
Category : Business & Economics
ISBN : 9781108835015

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Making a Modern Central Bank by Harold James Pdf

This authoritative guide to the transformation of the Bank of England into a modern inflation-targeting independent central bank examines a revolution in monetary and economic policy and the modernization of British institutions in the late twentieth century.

The Central Bank and the Financial System

Charles Albert Eric Goodhart
The Central Bank and the Financial System Book PDF

Author : Charles Albert Eric Goodhart
Publisher : MIT Press
Page : 560 pages
File Size : 48,8 Mb
Release : 1995
Category : Business & Economics
ISBN : 0262071673

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The Central Bank and the Financial System by Charles Albert Eric Goodhart Pdf

As economic advisor to the Bank of England for many years, C. A. E. Goodhart is uniquely positioned to assess the role of the central bank in the modern financial system. This book brings together twenty-one of his previously published articles dealing with the changing functions of central banks over time, recent efforts to maintain price stability, and debates over specific financial regulation proposals in the UK. Although the current day-to-day operations of central banks are subject to continuous comment and frequent criticism, their structural role within the economic system as a whole has generally been accepted without much question, despite several attempts by economists in recent decades to challenge the value of the institution. C. A. E. Goodhart brings his knowledge of both the theoretical arguments and the actual working of central banks to bear in these essays. Part I looks at the general purposes and functions of central banks within the financial system and their evolution over time. Part II concentrates on the current objectives and operations of central banks, and the maintenance of price stability in particular. Part III analyzes the broader issues of financial regulation.

Gatekeepers of Growth

Sylvia Maxfield
Gatekeepers of Growth Book PDF

Author : Sylvia Maxfield
Publisher : Princeton University Press
Page : 192 pages
File Size : 49,6 Mb
Release : 1998-07-13
Category : Business & Economics
ISBN : 9781400822287

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Gatekeepers of Growth by Sylvia Maxfield Pdf

Central banks can shape economic growth, affect income distribution, influence a country's foreign relations, and determine the extent of its democracy. While there is considerable literature on the political economy of central banking in OECD countries, this is the first book-length study focused on central banking in emerging market countries. Surveying the dramatic worldwide trend toward increased central bank independence in the 1990s, the book argues that global forces must be at work. These forces, the book contends, center on the character of international financial intermediation. Going beyond an explanation of central bank independence, Sylvia Maxfield posits a general framework for analyzing the impact of different types of international capital flows on the politics of economic policymaking in developing countries. The book suggests that central bank independence in emerging market countries does not spring from law but rather from politics. As long as politicians value them, central banks will enjoy independence. Central banks are most likely to be independent in developing countries when politicians desire international creditworthiness. Historical analyses of central banks in Brazil, Mexico, South Korea, and Thailand, and quantitative analyses of a larger sample of developing countries corroborate this investor signaling explanation of broad trends in central bank status.