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Books > History > History of specific subjects > Economic history
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The Emergence of Modern Central Banking from 1918 to the Present (Paperback)
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The Emergence of Modern Central Banking from 1918 to the Present (Paperback)
Series: Studies in Banking and Financial History
Expected to ship within 10 - 15 working days
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The twentieth century has seen the rise of modern central banking.
At its close, it is also witnessing the first steps in the decline
of the role of some of the most famous of these institutions. In
this volume, some of the world's best known specialists examine the
process whereby central banks emerged and asserted themselves
within the economic and political spheres of their respective
countries. Although the theory and the political economy that
presided over their creation did not show great divergence across
borders, a considerable institutional variety was nevertheless the
result. Among the many factors responsible for this diversity,
attention is drawn here not only to the idiosyncrasies of domestic
financial systems and to the occurrence of political shocks with
major monetary repercussions, such as wars, but also to the
peculiarities of each economy and of the political and social
climate reigning at the time when central banks were created or
formalized. The twelve essays cover European, Asian and American
experiences and many of them use a comparative approach.
General
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