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Introduction to Central Banking (Paperback, 1st ed. 2021)
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Introduction to Central Banking (Paperback, 1st ed. 2021)
Series: SpringerBriefs in Quantitative Finance
Expected to ship within 10 - 15 working days
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This open access book gives a concise introduction to the practical
implementation of monetary policy by modern central banks. It
describes the conventional instruments used in advanced economies
and the unconventional instruments that have been widely adopted
since the financial crisis of 2007-2008. Illuminating the role of
central banks in ensuring financial stability and as last resort
lenders, it also offers an overview of the international monetary
framework. A flow-of-funds framework is used throughout to capture
this essential dimension in a consistent and unifying manner,
providing a unique and accessible resource on central banking and
monetary policy, and its integration with financial stability.
Addressed to professionals as well as bachelors and masters
students of economics, this book is suitable for a course on
economic policy. Useful prerequisites include at least a general
idea of the economic institutions of an economy, and knowledge of
macroeconomics and monetary economics, but readers need not be
familiar with any specific macroeconomic models.
General
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