Understanding the changing role of central banks and the novel policies they
have pursued recently is absolutely essential for analysing many economic,
financial and political issues, ranging from financial regulation and crisis, to
exchange rate dynamics and regime changes, and QE and prolonged low interest
rates. This book features contributions by many of the world’s leading experts on
central banking, providing in accessible essays a fascinating review of today’s
key policy and research issues for central banks. Luminaries including Stephen
Cecchetti, Takatoshi Ito, Anil Kashyap, Mervyn King, Donald Kohn, Otmar Issing,
Hyun Shin and William White are joined by Charles Goodhart of the London
School of Economics, whose many achievements in the field of central banking
are honoured as the inspiration for this book.
The Changing Fortunes of Central Banking discusses the developing role of
central banks and the policies they pursue in seeking monetary and financial
stabilisation, while also giving suggestions for model strategies. This
comprehensive review will appeal to central bankers, financial supervisors,
academics and economists working in think tanks