Understanding Central Banks
1st Edition
Published on 19. February 2019
XI, 200 pages
978-3-030-05162-4 (ISBN)
Description
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.
More details
Series
Language
English
Place of publication
Cham
Switzerland
Publishing group
Springer International Publishing
Product notice
Reflowable
Illustrations
XI, 200 p. 47 illus., 45 illus. in color.
File size
4,79 MB
ISBN-13
978-3-030-05162-4 (9783030051624)
DOI
10.1007/978-3-030-05162-4
Schweitzer Classification
Other editions
Additional editions
Person
Dr. Nils Herger is a lecturer at the Study Center Gerzensee - the research and training center of the Swiss National Bank. His main responsibility is to organize a course program for central bankers, which is attended by participants from all over the world and enjoys an excellent international reputation. Nils Herger also teaches monetary policy and macroeconomic topics at the University of Bern. He holds a Ph.D. in economics from the University of Exeter.
Content
Introduction.- A Brief History of Central Banks.- Money: Lubricant of the Economy.- Monetary-policy Instruments.- Money, Credit, and Banking.- The Initial and Final Effects of Monetary Policy on Inflation, Output, and (Un)employment.- Central-bank Independence.- International Monetary Policy.- Final chapter: The Past, Present, and Future of Central Banking.
