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Books > History > History of specific subjects > Economic history
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Central Banks at a Crossroads - What Can We Learn from History? (Paperback)
Loot Price: R1,523
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Central Banks at a Crossroads - What Can We Learn from History? (Paperback)
Series: Studies in Macroeconomic History
Expected to ship within 12 - 17 working days
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Throughout their long history, the primary concern of central banks
has oscillated between price stability in normal times and
financial stability in extraordinary times. In the wake of the
recent global financial crisis, central banks have been given
additional responsibilities to ensure financial stability, which
has sparked intense debate over the nature of their role. Bankers
and policy makers face an enormous challenge finding the right
balance of power between the central bank and the state. This
volume is the result of an international conference held at Norges
Bank (the central bank of Norway). International experts and policy
makers present research and historical analysis on the evolution of
the central bank. They specifically focus on four key aspects: its
role as an institution, the part it plays within the international
monetary system, how to delineate and limit its functions, and how
to apply the lessons of the past two centuries.
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