What are the conditions that gave rise to the change in central
banks? Without recourse to ideological arguments, Chorafas derives
lessons from current economic and financial challenges as well as
failures in confronting them. Through this approach, The Changing
Role of Central Banks brings into perspective financial, political
and social reactions to major economic problems of the last ten
years, particularly those pertaining to money and initiatives taken
by central banks, and the parallel challenge of bank regulation.
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