Challenges in Central Banking

The Current Institutional Environment and Forces Affecting Monetary Policy
Herausgeber: Bohl, Martin T.; Wohar, Mark E.; Siklos, Pierre L.

• Gebundenes Buch

Produktbeschreibung

This book takes stock of where we are in the practice of central banking and considers implications arising from the ongoing crisis.

Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 418
• Erscheinungstermin: 2. Juni 2011
• Englisch
• Abmessung: 235mm x 157mm x 29mm
• Gewicht: 828g
• ISBN-13: 9780521199292
• ISBN-10: 0521199298
• Artikelnr.: 28532677

Inhaltsangabe

1. The state of play in central banking and the challenges to come Pierre
L. Siklos, Martin T. Bohl and Mark E. Wohar; Part I. Past, Present, and
Future in the Conduct of Monetary Policy: 2. Is time ripe for price level
path stability? Vitor Gaspar, Frank Smets and David Vestin; 3. The
principal-agent approach to monetary policy delegation Georgios E.
Chortareas and Stephen M. Miller; 4. Implementing monetary policy in the
2000s: operating procedures in Asia and beyond Corrinne Ho; Part II. The
Scope of Central Banking Operations and Central Bank Independence: 5.
Analysis of financial stability Charles A. E. Goodhart and D. P. Tsomocos;
6. National central banks in a multi-national system David G. Mayes and
Geoffrey E. Wood; 7. The complex relationship between central bank
independence and inflation Bernd Hayo and Carsten Hefeker; 8. Independence
and accountability in supervision: comparing central banks and financial
authorities Donato Masciandaro, Marc Quintyn and Michael W. Taylor; Part
III. Transparency and Governance in Central Banking: 9. The economic impact
of central bank transparency: a survey Carin van der Cruijsen and Sylvester
C. W. Eijffinger; 10. How central banks take decisions: an analysis of
monetary policy meetings Philip Maier; 11. Institutional rules and the
conduct of monetary policy: does a central bank need governing principles?
Pierre L. Siklos; Data and econometric specification; Empirical evidence;
Conclusions.