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The Changing Face of Central Banking

The Changing Face of Central Banking
Evolutionary Trends since World War II

$149.00 (P)

Part of Studies in Macroeconomic History

  • Date Published: December 2002
  • availability: Available
  • format: Hardback
  • isbn: 9780521780254

$ 149.00 (P)

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About the Authors
  • Central banks have emerged as the key players in national and international policy making. This book explores their evolution since World War II in 20 industrial countries. The study considers the mix of economic, political, and institutional forces that have affected central bank behavior and its relationship with government. The analysis reconciles vastly different views about the role of central banks in the making of economic policies. One finding is that monetary policy is an evolutionary process.

    • Hot topic in economics, finance, and economic history
    • Extremely rich data set and sources on 20 industrial countries
    • Offers unparalleled institutional details on 20 central banks
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    Reviews & endorsements

    "...a superbly researched and exhaustively documented work on the evolution of modern monetary policy. It will appeal to economists, policy makers, and anyone interested in monetary economies." Eastern Economic Journal

    "This is a tour de force that deserves to be the standard reference on central banking for many years to come." Economic History

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    Product details

    • Date Published: December 2002
    • format: Hardback
    • isbn: 9780521780254
    • length: 372 pages
    • dimensions: 229 x 152 x 25 mm
    • weight: 0.72kg
    • contains: 30 b/w illus. 38 tables
    • availability: Available
  • Table of Contents

    List of figures
    List of tables
    1. The institutional make-up and evolution of central bank-government relations: an introduction
    2. Legislation alone does not a central bank make: political structure, governance and reputation in monetary policy
    3. Central bank personalities and monetary policy performance
    4. Econometric analysis of central bank behavior: an evolutionary approach
    5. Contrasting quantitative and qualitative assessments of central bank behavior and the evolution of monetary policies
    6. Accountability, disclosure and conflict resolution
    7. Inflation targets versus other inflation control measures: two sides of the same coin?
    8. The changing face of central banking: epilogue

  • Author

    Pierre L. Siklos, Wilfrid Laurier University, Ontario

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