Central Bank Strategy, Credibility, and Independence
Title | Central Bank Strategy, Credibility, and Independence PDF eBook |
Author | Alex Cukierman |
Publisher | MIT Press |
Pages | 532 |
Release | 1992 |
Genre | Business & Economics |
ISBN | 9780262031981 |
This book brings together a large body of Cukierman's research and integrates it with recent developments in the political economy of monetary policy.
Central Banks at a Crossroads
Title | Central Banks at a Crossroads PDF eBook |
Author | Michael D. Bordo |
Publisher | Cambridge University Press |
Pages | 719 |
Release | 2016-06-09 |
Genre | Business & Economics |
ISBN | 1107149665 |
This book discusses the role of central banks and draws lessons from examining their evolution over the past two centuries.
Monetary Economics
Title | Monetary Economics PDF eBook |
Author | Steven Durlauf |
Publisher | Springer |
Pages | 395 |
Release | 2016-04-30 |
Genre | Performing Arts |
ISBN | 0230280854 |
Specially selected from The New Palgrave Dictionary of Economics 2nd edition, each article within this compendium covers the fundamental themes within the discipline and is written by a leading practitioner in the field. A handy reference tool.
The Political Economy of Central-bank Independence
Title | The Political Economy of Central-bank Independence PDF eBook |
Author | Sylvester C. W. Eijffinger |
Publisher | International Finance Section Department of Econ Ton Univers |
Pages | 100 |
Release | 1996 |
Genre | Business & Economics |
ISBN |
How Do Central Banks Talk?
Title | How Do Central Banks Talk? PDF eBook |
Author | Alan S. Blinder |
Publisher | Centre for Economic Policy Research |
Pages | 150 |
Release | 2001 |
Genre | Business & Economics |
ISBN | 9781898128601 |
Not long ago, secrecy was the byword in central banking circles, but now the unmistakable trend is towards greater openness and transparency. This, the third Geneva Report on the World Economy, describes and evaluates some of the changes in how central banks talk to the markets, to the press, and to the public. The report first assesses the case for transparency ? defined as providing sufficient information for the public to understand the policy regime ? and concludes that it is very strong, based on both policy effectiveness and democratic accountability. It then examines what should be the content of communication and argues that central banks ought to spell out their long-run objectives and methods. It then investigates the link between the decision-making process and central bank communication, drawing a distinction between individualistic and collegial committees. The report concludes with a review of the communications strategies of some of the main central banks.
Central Bank Policy
Title | Central Bank Policy PDF eBook |
Author | Perry Warjiyo |
Publisher | Emerald Group Publishing |
Pages | 586 |
Release | 2019-07-25 |
Genre | Business & Economics |
ISBN | 1789737516 |
Central Bank Policy: Theory and Practice analyses various policies, theories and practices adopted by central banks, as well as the institutional arrangements underlying the principles of good governance in policy-making. It is the first book to comprehensively discuss the latest theories and practices of central bank policy.
The European Central Bank
Title | The European Central Bank PDF eBook |
Author | Jakob De Haan |
Publisher | MIT Press |
Pages | 277 |
Release | 2005-04-15 |
Genre | Business & Economics |
ISBN | 0262262452 |
An examination of the debates on European Central Bank monetary policy, focusing on issues of transparency, credibility, and accountability and the effect of the ECB's decentralized structure. The adoption of the euro in 1999 by 11 member states of the European Union created a single currency area second in economic size only to the United States. The euro zone's monetary policy is now set by the European Central Bank (ECB) and its Governing Council rather than by individual national central banks. This CESifo volume examines issues that have arisen in the first years of ECB monetary policy and analyzes the effect that current ECB policy strategy and structures may have in the future. After a detailed description and assessment of ECB monetary policy making that focuses on such issues as price stability and the predictability of policy decisions, the book turns to two important issues faced by European central bankers: the transparency and credibility of decision making and the ECB's decentralized structure. After showing that transparency in decision making enhances credibility, the book discusses the ECB's efforts at openness, its political independence as guaranteed by law, and its ultimate accountability. The book then considers the effects of the decentralized ECB structure, focusing on business cycle synchronization, inflation differentials, and differences in monetary policy transmission in light of the enlargement of the monetary union. The book also discusses options for ECB institutional reforms, including centralization, vote weighting, and cross-border regional banks.