Central Banks at a Crossroads: What Can We Learn from History?Michael D. Bordo, Øyvind Eitrheim, Marc Flandreau, Jan F. Qvigstad Cambridge University Press, 09.06.2016 Throughout their long history, the primary concern of central banks has oscillated between price stability in normal times and financial stability in extraordinary times. In the wake of the recent global financial crisis, central banks have been given additional responsibilities to ensure financial stability, which has sparked intense debate over the nature of their role. Bankers and policy makers face an enormous challenge finding the right balance of power between the central bank and the state. This volume is the result of an international conference held at Norges Bank (the central bank of Norway). International experts and policy makers present research and historical analysis on the evolution of the central bank. They specifically focus on four key aspects: its role as an institution, the part it plays within the international monetary system, how to delineate and limit its functions, and how to apply the lessons of the past two centuries. |
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Ergebnisse 1-5 von 81
Seite 3
... failure of Overend Gurney and Co, a leading non-bank financial institution (in the language and categories of the time the Bank of England referred to such money market funds as “bill brokers” and “Overends” was the most aggressive of ...
... failure of Overend Gurney and Co, a leading non-bank financial institution (in the language and categories of the time the Bank of England referred to such money market funds as “bill brokers” and “Overends” was the most aggressive of ...
Seite 6
... failure of Overend, Gurney & Co., that took deposits from the banking system and invested them in short term assets that turned out to be “toxic” if not that of a “shadow bank”? It is tempting to conclude that the whole subject hinges ...
... failure of Overend, Gurney & Co., that took deposits from the banking system and invested them in short term assets that turned out to be “toxic” if not that of a “shadow bank”? It is tempting to conclude that the whole subject hinges ...
Seite 19
... failure is spectacular, like the French bank of 1716–20). In addition, while it may be clear that these institutions were forerunners of modern central banks, they often did not look like them. Under the term “public bank” we include ...
... failure is spectacular, like the French bank of 1716–20). In addition, while it may be clear that these institutions were forerunners of modern central banks, they often did not look like them. Under the term “public bank” we include ...
Seite 33
... failure, accepted deposits and provided banking services to the general public. Their specialization was geographic, except for the eighth bank which catered to the government and the court. The banks were owned by non-profit ...
... failure, accepted deposits and provided banking services to the general public. Their specialization was geographic, except for the eighth bank which catered to the government and the court. The banks were owned by non-profit ...
Seite 39
... failure, due to both management corruption and to the decision to tie the value of the Bank's money to a favored gold coin rather than the more widely circulating silver coinage (Niebuhr, 1854). The Main Bank was completely reorganized ...
... failure, due to both management corruption and to the decision to tie the value of the Bank's money to a favored gold coin rather than the more widely circulating silver coinage (Niebuhr, 1854). The Main Bank was completely reorganized ...
Inhalt
8 | |
18 | |
An Historical and Quantitative | 62 |
The Coevolution of Money Markets and Monetary Policy | 177 |
Central Bank Independence in Small Open Economies | 195 |
Economists on the Lender of Last | 231 |
A Century and a Half of Central Banks International | 280 |
Perspectives from Emerging Economies | 387 |
From | 424 |
Historical Perspectives | 493 |
The Evolving | 563 |
Lessons Learnt from | 610 |
A Practitioners | 627 |
Index | 673 |
Andere Ausgaben - Alle anzeigen
Central Banks at a Crossroads: What Can We Learn from History? Michael D. Bordo,Øyvind Eitrheim,Marc Flandreau,Jan F. Qvigstad Eingeschränkte Leseprobe - 2016 |
Central Banks at a Crossroads: What Can We Learn from History? Michael D. Bordo,Øyvind Eitrheim,Marc Flandreau,Jan F. Qvigstad Keine Leseprobe verfügbar - 2020 |
Häufige Begriffe und Wortgruppen
asset price Bagehot balance sheet Banco Bank of Amsterdam Bank of England bank’s bankers banking system Banque de France Bernanke bills boom Bordo Borio Bretton Woods Bretton Woods system bubble Capie capital central bank credibility central bank independence coin collateral countries crises currency deflation deposits developed discount rate dollar Economic History Eichengreen emerging market European example failure Federal Reserve Bank financial crisis financial markets financial stability financial system fiscal Flandreau foreign exchange foreign exchange markets Friedman and Schwartz funds global gold standard government debt inflation rates inflation targeting interest rates international monetary Journal last resort lender of last lending liabilities liquidity loans LOLR London low inflation market rates monetary policy money market nineteenth century Norges Bank open market operations panic paper payment system percent period price stability public banks Reichsbank risk role sector shocks Siklos small open economies standing facility sterling Treasury World