ENGLISH

The Past and Future of Central Bank Cooperation

By Claudio Borio , Gianni Toniolo , Piet Clement

Book information

Publisher
Cambridge University Press
Year
2008
ISBN
0521877792, 9780521877794, 9780511429958
LCC
HG1811 .B66 2008
Open Library ID
OL18281052M
Language
english
Format
PDF
Filesize
1 MB (1314389 bytes)
Series
Studies in Macroeconomic History
Edition
1
Pages
260\260
Topic
Economy
Library
avaxhome.ws
Scanned
yes
Time added
2010-05-31 15:29:46

Description

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.

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