The Changing Face of Central Banking: Evolutionary Trends since World War II (Studies in Macroeconomic History)
Cambridge University Press
Edition: Illustrated, 11/21/2002
EAN 9780521780254, ISBN10: 052178025X
Hardcover, 372 pages, 22.9 x 15.2 x 2.5 cm
Language: English
Central banks have emerged as the key players in national and international policy making. This book explores their evolution since World War II in 20 industrial countries. The study considers the mix of economic, political and institutional forces that have affected central bank behaviour and its relationship with government. The analysis reconciles vastly different views about the role of central banks in the making of economic policies. One finding is that monetary policy is an evolutionary process.
List of figures
List of tables
Preface
1. The institutional make-up and evolution of central bank-government relations
an introduction
2. Legislation alone does not a central bank make
political structure, governance and reputation in monetary policy
3. Central bank personalities and monetary policy performance
4. Econometric analysis of central bank behavior
an evolutionary approach
5. Contrasting quantitative and qualitative assessments of central bank behavior and the evolution of monetary policies
6. Accountability, disclosure and conflict resolution
7. Inflation targets versus other inflation control measures
two sides of the same coin?
8. The changing face of central banking
epilogue
Bibliography
Index.