Building Credible Central Banks

Building Credible Central Banks PDF Author: N. Tshiani
Publisher: Springer
ISBN: 0230594255
Category : Business & Economics
Languages : en
Pages : 151

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Book Description
A credible central bank can effectively lead the process of financial sector reform in a developing country. This book discusses central banking issues and offers a clear path to building credible central banks in emerging economies.

Building Credible Central Banks

Building Credible Central Banks PDF Author: N. Tshiani
Publisher: Springer
ISBN: 0230594255
Category : Business & Economics
Languages : en
Pages : 151

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Book Description
A credible central bank can effectively lead the process of financial sector reform in a developing country. This book discusses central banking issues and offers a clear path to building credible central banks in emerging economies.

Central Banks at a Crossroads

Central Banks at a Crossroads PDF Author: Michael D. Bordo
Publisher: Cambridge University Press
ISBN: 1107149665
Category : Business & Economics
Languages : en
Pages : 719

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Book Description
This book discusses the role of central banks and draws lessons from examining their evolution over the past two centuries.

Central Bank Governance and Oversight Reform

Central Bank Governance and Oversight Reform PDF Author: John Cochrane
Publisher: Hoover Press
ISBN: 0817919260
Category : Business & Economics
Languages : en
Pages : 344

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Book Description
A central bank needs authority and a sphere of independent action. But a central bank cannot become an unelected czar with sweeping, unaccountable discretionary power. How can we balance the central bank's authority and independence with needed accountability and constraints? Drawn from a 2015 Hoover Institution conference, this book features distinguished scholars and policy makers' discussing this and other key questions about the Fed.

The Federal Reserve System Purposes and Functions

The Federal Reserve System Purposes and Functions PDF Author: Board of Governors of the Federal Reserve System
Publisher:
ISBN: 9780894991967
Category : Banks and Banking
Languages : en
Pages : 0

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Book Description
Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.

Central Bank Strategy, Credibility, and Independence

Central Bank Strategy, Credibility, and Independence PDF Author: Alex Cukierman
Publisher: MIT Press
ISBN: 9780262031981
Category : Business & Economics
Languages : en
Pages : 532

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Book Description
This book brings together a large body of Cukierman's research and integrates it with recent developments in the political economy of monetary policy.

Economy of Words

Economy of Words PDF Author: Douglas R. Holmes
Publisher: University of Chicago Press
ISBN: 022608776X
Category : Social Science
Languages : en
Pages : 278

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Book Description
Markets are artifacts of language—so Douglas R. Holmes argues in this deeply researched look at central banks and the people who run them. Working at the intersection of anthropology, linguistics, and economics, he shows how central bankers have been engaging in communicative experiments that predate the financial crisis and continue to be refined amid its unfolding turmoil—experiments that do not merely describe the economy, but actually create its distinctive features. Holmes examines the New York District Branch of the Federal Reserve, the European Central Bank, Deutsche Bundesbank, and the Bank of England, among others, and shows how officials there have created a new monetary regime that relies on collaboration with the public to achieve the ends of monetary policy. Central bankers, Holmes argues, have shifted the conceptual anchor of monetary affairs away from standards such as gold or fixed exchange rates and toward an evolving relationship with the public, one rooted in sentiments and expectations. Going behind closed doors to reveal the intellectual world of central banks,Economy of Words offers provocative new insights into the way our economic circumstances are conceptualized and ultimately managed.

Do Central Banks Need Capital?

Do Central Banks Need Capital? PDF Author: Mr.Peter Stella
Publisher: International Monetary Fund
ISBN: 1451850506
Category : Business & Economics
Languages : en
Pages : 40

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Book Description
Central banks may operate perfectly well without capital as conventionally defined. A large negative net worth, however, is likely to compromise central bank independence and interfere with its ability to attain policy objectives. If society values an independent central bank capable of effectively implementing monetary policy, recapitalization may become essential. Proper accounting practice in determining central bank profit or loss and rules governing the transfer of the central bank’s operating result to the treasury are also important. A variety of country-specific central bank practices are reviewed to support the argument.

Central Bank Independence, Targets, and Credibility

Central Bank Independence, Targets, and Credibility PDF Author: Francesco Lippi
Publisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 184

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Book Description
Provides a welfare analysis of central banking, addressing such topics as imperfect monetary control, rational voters, distributional issues, and uncertainty about future policy objectives. The role played by the different institutional elements that contribute to the making of an independent central bank is assessed, as well as the distinction between central bank independence and targets. The final essay analyzes the links between central bank independence, policy strategies, and economic outcomes in a cross-section of 49 countries. Annotation copyrighted by Book News, Inc., Portland, OR

How Do Central Banks Talk?

How Do Central Banks Talk? PDF Author: Alan S. Blinder
Publisher: Centre for Economic Policy Research
ISBN: 9781898128601
Category : Business & Economics
Languages : en
Pages : 150

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Book Description
Not long ago, secrecy was the byword in central banking circles, but now the unmistakable trend is towards greater openness and transparency. This, the third Geneva Report on the World Economy, describes and evaluates some of the changes in how central banks talk to the markets, to the press, and to the public. The report first assesses the case for transparency ? defined as providing sufficient information for the public to understand the policy regime ? and concludes that it is very strong, based on both policy effectiveness and democratic accountability. It then examines what should be the content of communication and argues that central banks ought to spell out their long-run objectives and methods. It then investigates the link between the decision-making process and central bank communication, drawing a distinction between individualistic and collegial committees. The report concludes with a review of the communications strategies of some of the main central banks.

Central Banking in Transition Countries

Central Banking in Transition Countries PDF Author: Mr.Helmut Wagner
Publisher: International Monetary Fund
ISBN: 1451936680
Category : Business & Economics
Languages : en
Pages : 50

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Book Description
In the 1990s, the issues of central banking and central bank independence have gained increasing attention, in part owing to the role of the future European central bank, but also owing to the emergence of transition countries and the role of central banks in these countries. The main focus of the paper is on the preconditions of disinflation and successful stability policy in transition countries, paying special attention to the institutional requirements and to the choice of nominal anchors.