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Challenges in Central Banking - The Current Institutional Environment and Forces Affecting Monetary Policy (Paperback)
Loot Price: R1,479
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Challenges in Central Banking - The Current Institutional Environment and Forces Affecting Monetary Policy (Paperback)
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Changes in the field of central banking over the past two decades
have been nothing short of dramatic. They include the importance of
central bank autonomy, the desirability of low and stable
inflation, and the vital role played by how central banks
communicate their views and intentions to the markets and the
public more generally. There remains considerable diversity
nevertheless in the institutional framework affecting central
banks, the manner in which the stance of monetary policy is
determined and assessed, and the forces that dictate the conduct of
monetary policy more generally. The global financial crisis, which
began in the United States in 2007, only serves to highlight
further the importance of central bank policies. The aim of this
volume is to take stock of where we are in the realm of the
practice of central banking and considers some of the implications
arising from the ongoing crisis.
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