Evolution and Procedures in Central Banking
1st Edition
Published on 21. July 2011
Book
Paperback/Softback
334 pages
978-0-521-15828-2 (ISBN)
Description
This volume collects the proceedings from a conference on the evolution and practice of central banking sponsored by the Central Bank Institute of the Federal Reserve Bank of Cleveland. The articles and discussants' comments in this volume largely focus on two questions: the need for central banks, and how to maintain price stability once they are established. The questions addressed include whether large banks (or coalitions of small banks) can substitute for government regulation and due central bank liquidity provision; whether the future will have fewer central banks or more; the possibility of private means to deliver a uniform currency; if competition across sovereign currencies can ensure global price stability; the role of learning (and unlearning) the lessons of the past inflationary episodes in understanding central bank behavior; and an analysis of the European Central Bank.
Reviews / Votes
"...the volume provides a refreshing survey of current leading issues in central banking, and belongs to the shelves of anyone who believes in the outstanding relevance of monetary and banking history for current challenges, both theoretical and practical." EH.NETMore details
Language
English
Place of publication
Cambridge
United Kingdom
Target group
Professional and scholarly
Product notice
Paperback (trade)
Illustrations
Worked examples or Exercises
Dimensions
Height: 229 mm
Width: 152 mm
Thickness: 20 mm
Weight
544 gr
ISBN-13
978-0-521-15828-2 (9780521158282)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
David E. Altig | Bruce D. Smith
Evolution and Procedures in Central Banking
E-Book
12/2004
1st Edition
Cambridge University Press
€27.99
Available for download
David E. Altig | Bruce D. Smith
Evolution and Procedures in Central Banking
Book
09/2003
1st Edition
Cambridge University Press
€92.90
Shipment within 15-20 days
Persons
Content
List of contributors; Acknowledgements; In memoriam; Introduction; Part I. Operational Issues in Modern Central Banking: 1. Laboratory experiments with an exceptional Phillips curve Jasmina Arifovic and Thomas J. Sargent; Commentary James Bullard and Christopher A. Sims; 2. Whither central banking? Charles Goodhart; Commentary Donald L. Kohn and Mark Gertler; Part II. Monetary Union: 3. Monetary policy in unknown territory: the European Central Bank in the early years Juergen von Hagen and Matthias Brueckner; Commentary Stephen G. Cecchetti and Vitor Gaspar; 4. International currencies and dollarization Alberto Trejos; Commentary Klaus Schmidt-Hebbel and Ross Levine; Part III. Private Alternatives to Central Banks: 5. Banking panics and the origin of central banking Gary Gorton and Lixin Huang; Commentary John H. Boyd and Edward J. Green; 6. Establishing a monetary union in the United States Arthur J. Rolnick, Bruce D. Smith and Warren E. Weber; Commentary Neil Wallace and Bruce Champ; 7. Currency competition in the Digital Age Randall S. Kroszner; Commentary Jeremy C. Stein and Jeffrey M. Lacker; Index.