Central Bank Independence and the Legacy of the German Past

Central Bank Independence and the Legacy of the German Past PDF Author: Simon Mee
Publisher: Cambridge University Press
ISBN: 1108499783
Category : Business & Economics
Languages : en
Pages : 373

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Book Description
A study of the power struggle between Germany's central bank and the West German government to control monetary policy in the post-war era.

Central Bank Independence and the Legacy of the German Past

Central Bank Independence and the Legacy of the German Past PDF Author: Simon Mee
Publisher: Cambridge University Press
ISBN: 1108499783
Category : Business & Economics
Languages : en
Pages : 373

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Book Description
A study of the power struggle between Germany's central bank and the West German government to control monetary policy in the post-war era.

Unelected Power

Unelected Power PDF Author: Paul Tucker
Publisher: Princeton University Press
ISBN: 0691196303
Category : Business & Economics
Languages : en
Pages : 662

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Book Description
Tucker presents guiding principles for ensuring that central bankers and other unelected policymakers remain stewards of the common good.

Research Handbook on Central Banking

Research Handbook on Central Banking PDF Author: Peter Conti-Brown
Publisher: Edward Elgar Publishing
ISBN: 1784719226
Category :
Languages : en
Pages : 592

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Book Description
Central banks occupy a unique space in their national governments and in the global economy. The study of central banking however, has too often been dominated by an abstract theoretical approach that fails to grasp central banks’ institutional nuances. This comprehensive and insightful Handbook, takes a wider angle on central banks and central banking, focusing on the institutions of central banking. By 'institutions', Peter Conti-Brown and Rosa Lastra refer to the laws, traditions, norms, and rules used to structure central bank organisations. The Research Handbook on Central Banking’s institutional approach is one of the most interdisciplinary efforts to consider its topic, and includes chapters from leading and rising central bankers, economists, lawyers, legal scholars, political scientists, historians, and others.

The Political Economy of Central-bank Independence

The Political Economy of Central-bank Independence PDF Author: Sylvester C. W. Eijffinger
Publisher: International Finance Section Department of Econ Ton Univers
ISBN:
Category : Business & Economics
Languages : en
Pages : 100

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Book Description


The History of the Bundesbank

The History of the Bundesbank PDF Author: Jakob De Haan
Publisher: Routledge
ISBN: 1134604130
Category : Business & Economics
Languages : en
Pages : 180

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Book Description
After fifty years the Deutsche Bundesbank - the central bank that dominated European monetary affairs - has stepped down to entrust monetary policy to the European Central Bank (ECB). This is the first research work to thoroughly explore the lessons to be learned from the Bundesbank by the ECB, in areas such as price stability and political interference.

The Bundesbank Myth

The Bundesbank Myth PDF Author: J. Leaman
Publisher: Springer
ISBN: 0230373410
Category : Political Science
Languages : en
Pages : 280

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Book Description
Until recently, central bank independence was confined to just two major capitalist countries: the USA and Germany. As a result of stagflation and the voguish espousal of neo-liberalism in the 1980s, the institution has been adopted in most OECD and in many other countries. This book questions the principle of autonomy, examining the Bundesbank in historical context and exposing the flaws in both the technical and the political case for the wholesale adoption of the Bundesbank model by other states.

The European Central Bank

The European Central Bank PDF Author: Hanspeter K. Scheller
Publisher:
ISBN: 9789289900270
Category : Banks and banking, Central
Languages : en
Pages : 229

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Book Description
Comprehensive 200-page overview of the ECB from its inception in June 1998 until the present day.

The New European Central Bank: Taking Stock and Looking Ahead

The New European Central Bank: Taking Stock and Looking Ahead PDF Author: Thomas Beukers
Publisher: Oxford University Press
ISBN: 0198871236
Category : Law
Languages : en
Pages : 481

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Book Description
The European Central Bank (ECB) was first introduced in the European legal order on the occasion of the Treaty of Maastricht (1992). An official EU institution which is governed by EU law, the ECB of modern times differs vastly from its inception in 1998, which manifests in three main ways: monetary policy options, consideration of concerns other than low inflation in its policy-making, and its role in the Banking Union. This edited collection offers a retrospective and prospective account of the ECB, charting its evolution in detail with chapters written by leading academics and practitioners. Part 1 examines the substantive changes to monetary policy introduced by the ECB as a consequence of the financial and sovereign debt crisis by considering their legal basis. Part 2 moves beyond monetary policy by shifting to the new roles that the ECB has been called upon to play, notably in banking supervision and resolution. Parts 3 and 4 deal with transformations to inter- and intra-institutional relations, and take stock of these transformations, reflecting on the nature of the ECB of current times and which direction it could be heading in the future. The authors analyse the most salient and controversial elements of the ECB's crisis response, including unconventional monetary policy measures and the ECB's risk management strategy. Beyond monetary policy, the book further examines the role played by objectives such as financial stability and environmental sustainability, the ECB's relationship to the Lender of Last Resort function, as well as its new responsibilities in the Banking Union.

The Oxford Handbook of the Economics of Central Banking

The Oxford Handbook of the Economics of Central Banking PDF Author: David G. Mayes
Publisher: Oxford Handbooks
ISBN: 0190626194
Category : Business & Economics
Languages : en
Pages : 809

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Book Description
"The Handbook reflects the state of the art in the theory and practice of central banking. It covers all the essential areas that have come under scrutiny since the global financial crisis of 2007-9"--

The Rise of Central Banks

The Rise of Central Banks PDF Author: Leon Wansleben
Publisher: Harvard University Press
ISBN: 0674287703
Category : Business & Economics
Languages : en
Pages : 353

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Book Description
A bold history of the rise of central banks, showing how institutions designed to steady the ship of global finance have instead become as destabilizing as they are dominant. While central banks have gained remarkable influence over the past fifty years, promising more stability, global finance has gone from crisis to crisis. How do we explain this development? Drawing on original sources ignored in previous research, The Rise of Central Banks offers a groundbreaking account of the origins and consequences of central banks’ increasing clout over economic policy. Many commentators argue that ideas drove change, indicating a shift in the 1970s from Keynesianism to monetarism, concerned with controlling inflation. Others point to the stagflation crises, which put capitalists and workers at loggerheads. Capitalists won, the story goes, then pushed deregulation and disinflation by redistributing power from elected governments to markets and central banks. Both approaches are helpful, but they share a weakness. Abstracting from the evolving practices of central banking, they provide inaccurate accounts of recent policy changes and fail to explain how we arrived at the current era of easy money and excessive finance. By comparing developments in the United States, the United Kingdom, Germany, and Switzerland, Leon Wansleben finds that central bankers’ own policy innovations were an important ingredient of change. These innovations allowed central bankers to use privileged relationships with expanding financial markets to govern the economy. But by relying on markets, central banks fostered excessive credit growth and cultivated an unsustainable version of capitalism. Through extensive archival work and numerous interviews, Wansleben sheds new light on the agency of bureaucrats and calls upon society and elected leaders to direct these actors’ efforts to more progressive goals.