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Advanced Introduction to Central Banks and Monetary Policy
Written by two expert economists, this comprehensive Advanced Introduction provides a thorough and up-to-date analysis of central banks and monetary policy, analysing the ways in which views about monetary policy have developed and changed.
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Critical Acclaim
Contents
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Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world’s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas.
Written by two expert economists, this comprehensive Advanced Introduction provides a thorough and up-to-date analysis of central banks and monetary policy, analysing the ways in which views about monetary policy have developed and changed.
Key Features:
• Provides a historical overview of the gestation of the Bank of England, the Federal Reserve, and the European Central Bank
• Analyses the processes involved in monetary policymaking, including strategy reviews, policy instruments, and central bank communication, whilst considering financial stability and crisis management
• Concludes with a look towards the future challenges faced by central banks, including the low interest rate environment and the greening of central bank policies
Accessible and informative, this Advanced Introduction will prove a vital resource to students and scholars of economics and finance. It will also prove invaluable to practitioners and policymakers interested in financial sector supervision and regulation in central banks.
Written by two expert economists, this comprehensive Advanced Introduction provides a thorough and up-to-date analysis of central banks and monetary policy, analysing the ways in which views about monetary policy have developed and changed.
Key Features:
• Provides a historical overview of the gestation of the Bank of England, the Federal Reserve, and the European Central Bank
• Analyses the processes involved in monetary policymaking, including strategy reviews, policy instruments, and central bank communication, whilst considering financial stability and crisis management
• Concludes with a look towards the future challenges faced by central banks, including the low interest rate environment and the greening of central bank policies
Accessible and informative, this Advanced Introduction will prove a vital resource to students and scholars of economics and finance. It will also prove invaluable to practitioners and policymakers interested in financial sector supervision and regulation in central banks.
Critical Acclaim
‘By explaining central banking to a non-specialist audience, this book fills an important void. It convincingly demonstrates the tremendous importance that price and financial stability play in the lives of the citizens we serve, illustrated with concrete day-to-day policy challenges that central bankers face.’
– Klaas Knot, President of De Nederlandsche Bank and Chair of the Financial Stability Board
‘This concise volume is a stupendous achievement. It distills into a relatively small number of pages a wealth of factual information, and a bit of opinion, about central banking around the world. Invaluable. I plan to pull it off my bookshelf frequently and to assign sections to my students.’
– Alan S. Blinder, Princeton University, US
‘This excellent short book will be a boon to anyone wanting to learn the basics of modern central banking. It is nicely written, with a good use of diagrams and tables, and easily accessible to anyone with a modicum of understanding of macroeconomic and monetary issues.’
– Charles Goodhart, London School of Economics, UK
– Klaas Knot, President of De Nederlandsche Bank and Chair of the Financial Stability Board
‘This concise volume is a stupendous achievement. It distills into a relatively small number of pages a wealth of factual information, and a bit of opinion, about central banking around the world. Invaluable. I plan to pull it off my bookshelf frequently and to assign sections to my students.’
– Alan S. Blinder, Princeton University, US
‘This excellent short book will be a boon to anyone wanting to learn the basics of modern central banking. It is nicely written, with a good use of diagrams and tables, and easily accessible to anyone with a modicum of understanding of macroeconomic and monetary issues.’
– Charles Goodhart, London School of Economics, UK
Contents
Contents: Introduction to Central Banks and Monetary Policy 1. Responsibilities and design of central banks 2. Monetary policy-making 3. Financial stability and crisis management 4. Challenges for central banks References Index
