Rochon and Rossi have made an important contribution to the field
of central banking that will be invaluable to both students and
faculty alike. The editors were meticulous and diligent in
gathering some of the best thinkers on the topic.' - Basil J.
Moore, University of Stellenbosch, South Africa'This new
Encyclopedia is a most welcome addition, since the tools and the
problems of central banking have changed so much with the advent of
the global financial crisis. The editors have done a wonderful job
in gathering a mix of well-known economists and bright young
scholars and practitioners who analyze all the changes that have
occurred. The entries provide a pluralistic view of the knowledge
that is needed to be an enlightened central banker or a student of
central banking.' - Marc Lavoie, University of Ottawa, Canada The
Encyclopedia of Central Banking provides definitive and
comprehensive encyclopedic coverage on central banking and monetary
theory and policy. Containing close to 250 entries from specially
commissioned experts in their fields, elements of past and current
monetary policies are described and a critical assessment of
central bank practices is presented. Since the global financial
crisis of 2008-09, all major central banks have intervened to avert
the collapse of the global economy, bringing monetary policy to the
forefront. Rochon and Rossi give an up to date, critical
understanding of central banking, at both theoretical and
policy-oriented levels. This Encyclopedia explains the complexity
of monetary-policy interventions, their conceptual and
institutional frameworks, and their own limits and drawbacks. The
reader is provided with the body of knowledge necessary to
understand central banks' decisions in the aftermath of the global
financial crisis and controversial explanations of the crisis are
illuminated from a historical perspective. Academics and students
of economics will find this an indispensable reference tool,
offering current and necessary insight into central banking and
monetary policy. Practitioners in the financial sector will also
benefit from this refreshed insight into such a fundamental topic.
General
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