ENGLISH

Challenges in Central Banking: The Current Institutional Environment and Forces Affecting Monetary Policy

By Pierre L. Siklos , Martin T. Bohl , Mark E. Wohar

Book information

Publisher
Cambridge University Press
Year
2010
ISBN
0521199298, 9780521199292, 0511770391, 9780511770395
LCC
HG1811 .C4785 2010
Open Library ID
OL24019404M
Language
english
Format
PDF
Filesize
2 MB (2128342 bytes)
Series
Cambridge Studies in American
Edition
1
Pages
416\418
Time added
2011-04-20 14:05:05

Description

Changes in the field of central banking over the past two decades have been nothing short of dramatic. Moreover, they have spanned the globe. They include the importance of central bank autonomy, the desirability of low and stable inflation, and the vital role played by how central banks communicate their views and intentions to the markets and the public more generally. There remains considerable diversity nevertheless in the institutional framework affecting central banks, the manner in which the stance of monetary policy is determined and assessed, and the forces that dictate the conduct of monetary policy more generally. The global financial crisis, which began in the United States in 2007, only serves to highlight further the importance of central bank policies. The aim of this volume is to take stock of where we are in the realm of the practice of central banking and considers some of the implications arising from the ongoing crisis.

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2010 · PDF