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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Seite xii
... Reichsbank and Public Finance in Germany, 1924–1933 (1985), International Monetary Cooperation Since Bretton Woods (1996), The End of Globalization: Lessons from the Great Depression (2001), The Creation and Destruction of Value: The ...
... Reichsbank and Public Finance in Germany, 1924–1933 (1985), International Monetary Cooperation Since Bretton Woods (1996), The End of Globalization: Lessons from the Great Depression (2001), The Creation and Destruction of Value: The ...
Seite 2
... (banks of issue) and how the banks of issue reciprocated by improving the credit and liquidity of state debt (Broz and Grossman, 2004). The result was an evolutionary process whereby compromises had to be found between the needs of public ...
... (banks of issue) and how the banks of issue reciprocated by improving the credit and liquidity of state debt (Broz and Grossman, 2004). The result was an evolutionary process whereby compromises had to be found between the needs of public ...
Seite 10
... banks does not necessarily represent convergence. In fact the history of early public banks confirms nearly the opposite view, i.e., that unorthodox ideas of one generation of central banks may become the orthodoxy of the next. The ...
... banks does not necessarily represent convergence. In fact the history of early public banks confirms nearly the opposite view, i.e., that unorthodox ideas of one generation of central banks may become the orthodoxy of the next. The ...
Seite 12
... banks were not independent. After central banks were freed from political influence, the international monetary system became much more stable and their role in preserving these two public goods has become more important than ever ...
... banks were not independent. After central banks were freed from political influence, the international monetary system became much more stable and their role in preserving these two public goods has become more important than ever ...
Seite 16
... Public Credit, 1688–1756 London: Macmillan. Eichengreen, B. (2013), “Currency War or International Policy Coordination?,” Journal of Policy Modelling, 35 (3), May/June, pp. 425–433. (2015), Hall of Mirrors: The Great Depression, The ...
... Public Credit, 1688–1756 London: Macmillan. Eichengreen, B. (2013), “Currency War or International Policy Coordination?,” Journal of Policy Modelling, 35 (3), May/June, pp. 425–433. (2015), Hall of Mirrors: The Great Depression, The ...
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