|
Books > History > History of specific subjects > Economic history
|
Buy Now
A Comparative History of Central Bank Behavior - Consistency in Monetary Policy in the US and UK (Hardcover)
Loot Price: R3,482
Discovery Miles 34 820
|
|
|
A Comparative History of Central Bank Behavior - Consistency in Monetary Policy in the US and UK (Hardcover)
Expected to ship within 12 - 19 working days
|
It is widely believed that central banks have grown (the Bank of
England) or were established (the Federal Reserve) to pursue the
twin objectives of monetary and price stability. But why should
they? Central bankers are people, too, whose behavior is presumably
determined, like the rest of us, by their incentives and the
information available to them. The author explores this question.
Two sets of data confirm the reservations. Central banks have often
worsened, even initiated, monetary instabilities by bailing out the
risk-takers and their effects on prices, which depending on the
quantities of money created by central banks, have often been
catastrophic. The evidence suggests that central bankers have
really been in business to support the politically powerful upon
whose favors they depend, particularly high-spending governments
and needy financial institutions. The book consists of several
examples of this behavior and its consistency during wars and
financial crises in the UK and US over the course of the last two
centuries. Professors and students of finance will find A
Comparative History of Central Bank Behavior to be a compelling and
thoughtful exploration of how central banks have historically
responded to and influenced financial markets.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
You might also like..
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
