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The Future of Central Banking - The Tercentenary Symposium of the Bank of England (Paperback)
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The Future of Central Banking - The Tercentenary Symposium of the Bank of England (Paperback)
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This volume contains two major papers prepared for the Bank of
England's Tercentenary Symposium in June 1994. The first, by
Forrest Capie, Charles Goodhart and Norbert Schnadt, provides an
authoritative account of the evolution of central banking. It
traces the development of both the monetary and financial stability
concerns of central banks, and includes individual sections on the
evolution and constitutional positions of 31 central banks from
around the world. The second paper, by Stanley Fischer, explores
the major policy dilemmas now facing central bankers: the extent to
which there is a short-term trade-off between inflation and growth;
the choice of inflation targets; and the choice of operating
procedures. Important contributions by leading central bankers from
around the world, and the related Per Jacobsen lecture by Alexander
Lamfalussy, are also included in the volume.
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