Designing Central Banks (eBook, ePUB)

Redaktion: Herrmann, Heinz; Wood, Geoffrey E; Mayes, David

• Format: ePub

Produktbeschreibung

The activities of central banks are relevant to everyone in society. This book starts by considering how and why in general central banks evolved and specifically the special aspects of the contribution of the Northern European Central Banking Tradition. With that foundation, the book will then turn to a series of contemporary themes. Firstly, this book looks at independence, how central banks can actually influence their respective economies, goals, responsibilities and governance.This collection of papers, formulated from the joint conference of the Bank of Finland and the Deutsche Bundesbank in November 2007, will help motivate continuing research into the institutional design of central banks and promote a better understanding of the many challenges central banks are facing today. This volume gives a detailed perspective on the benefits of price stability and central bank independence and, due to the advances in macroeconomic theory, has prompted a substantial rethink on central banks' institutional design. With contributions from such scholars as Anne Sibert and Forrest Capie and a foreword by Erkki Liikanen and Professor Axel A. Weber, this volume will be useful reading for monetary economists around the world as well as all those with an interest in central banks and banking more generally.

---

Dieser Download kann aus rechtlichen Gründen nur mit Rechnungsadresse in A, B, BG, CY, CZ, D, DK, EW, E, FIN, F, GR, HR, H, IRL, I, LT, L, LR, M, NL, PL, P, R, S, SLO, SK ausgeliefert werden.

Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 288
• Erscheinungstermin: 10. September 2009
• Englisch
• ISBN-13: 9781135214357
• Artikelnr.: 43074277

Autorenporträt

David Mayes is David Mayes is Advisor to the Board of the Bank of Finland in Helsinki. Geoffrey Wood is Professor of Economics at Cass Business School, UK.

Inhaltsangabe

Introduction Forest Capie: Some scattered thoughts from history on
evolution and design in central banking Juha Tarkka: The north European
model of early central banking Comments by Ludger Linnemann Alex Cukierman:
Central bank independence and monetary policy making institutions - past
present and future Comments by Roland Vaubel Mark Wynne: How should central
banks define price stability? Comments by David Mayes Georg Rich: A
proposal for extracting policy information from the ECB's second pillar
Comments by Roger Clews Hans Gersbach and Volker Hahn: Forward guidance for
monetary policy: Is it desirable? Comments by Heinz Herrmann Michael
Ehrmann and Marcel Fratzscher: Designing a central bank communication
strategy Comments by Jakob de Haan Mathias Person: Achieving financial
stability in a world of cross-border institutions Comments by Geoffrey Wood
What kind of research in central banks? - a panel