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Research Handbook on Central Banking [Hardback]

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  • Formāts: Hardback, 592 pages, height x width: 244x169 mm
  • Sērija : Research Handbooks in Financial Law series
  • Izdošanas datums: 25-May-2018
  • Izdevniecība: Edward Elgar Publishing Ltd
  • ISBN-10: 1784719218
  • ISBN-13: 9781784719210
  • Hardback
  • Cena: 312,21 €
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  • Formāts: Hardback, 592 pages, height x width: 244x169 mm
  • Sērija : Research Handbooks in Financial Law series
  • Izdošanas datums: 25-May-2018
  • Izdevniecība: Edward Elgar Publishing Ltd
  • ISBN-10: 1784719218
  • ISBN-13: 9781784719210
The Research Handbook on Central Banking focuses on global central banks as institutions and not abstractions, providing historical and practical detail about how central banks work and the challenges they face. This Research Handbook offers the most interdisciplinary treatment of global central banks published to date by addressing key questions regarding where they come from, how they have changed, and the challenges they face during uncertain times.

Divided into two parts, the Research Handbook firstly takes readers on a global tour, covering central banks in the US, Latin America, Europe, Eastern Europe, Japan, China, Africa, and more. In the second part, authors delve into themes of broad application, including transparency, independence, unconventional monetary policy, payment systems, and crisis response. The interdisciplinary mix of contributors include some of the most prominent names in central banking as well as a new generation of scholars who are shaping the conversation about central banks and their role in global politics, economics, and society at large.

Interdisciplinary and innovative, this Research Handbook will prove essential reading for scholars focusing on central banks, financial regulation, global governance, and related areas, as well as for central bankers and employees at central banks.

Contributors include: C. Adam, K. Alexander, A. Berg, R. Bhala, D. Bholat, C. Borio, F. Capie, P. Conti-Brown, R. Darbyshire, F. Decker, B. Geva, C. Goodhart, A.G. Haldane, L.I. Jįcome, H. James, J. Johnson, R.B. Kahn, H. Kanda, C. Kaufmann, R.M. Lastra, X. Liu, S. McCracken, E.E. Meade, S.T. Omarova, R. Portillo, M. Raskin, A.L. Riso, R. Smits, P. Tucker, F. Unsal, R.H. Weber, G. Wood, T. Yamanaka, D. Yermack, A. Zabai, Z. Zhou, C. Zilioli

Recenzijas

'Events during the past century demonstrated the importance of price and financial stability as well as the difficulties of attaining and maintaining them. This book draws together a hugely diverse and rigorous set of analysis to capture what central banks are, have been, and might become. It should prove vital reading for academics, practitioners, and anyone with an interest in central banking.' --Mark Carney, Governor of the Bank of England'The global financial crisis and sluggish recovery has been a defining period for central banks, with the political reaction to the extraordinary steps they took often expanding their responsibilities, while at the same time threatening to constrain their degree of independence in some countries. The broad range of the analysis in this volume - over history, geography, and academic disciplines - is essential reading for anyone who wants to know how central banks got to where they are and provides a solid foundation for thinking about how central banking might evolve going forward.' --Donald Kohn, former vice chairman of the Board of Governors of the Federal Reserve System and Member of the Financial Policy Committee of the Bank of England

List of figures
vii
List of tables
viii
List of contributors
ix
1 The central banking century: an introduction to institutional central banking
1(5)
Peter Conti-Brown
2 Central banking and institutional change in the United States: punctuated equilibrium in the development of money, finance and banking
6(28)
Peter Conti-Brown
3 The development of the Bank of England's objectives: evolution, instruction or reaction?
34(19)
Forrest Capie
Geoffrey Wood
4 Central banking in Japan
53(15)
Hideki Kanda
Toshiaki Yamanaka
5 Reserve Bank of India
68(26)
Raj Bhala
6 The Bank of Russia: from central planning to inflation targeting
94(23)
Juliet Johnson
7 Specific challenges to the People's Bank of China in a new wave of financial reforms
117(11)
Zhongfei Zhou
8 An evolutionary theory of central banking and central banking in China
128(27)
Xiangmin Liu
9 New tasks and central bank independence: the Eurosystem experience
155(29)
Chiara Zilioli
Antonio Luca Riso
10 A central bank in times of crisis: the ECB's developing role in the EU's currency union
184(24)
Rene Smits
11 Monetary policy and central banking in sub-Saharan Africa
208(21)
Christopher Adam
Andrew Berg
Rafael Portillo
Filiz Unsal
12 The Reichsbank and the Bundesbank: the legacy of the German tradition of central banking
229(16)
Harold James
13 Central banking in Australia and New Zealand: historical foundations and modern legislative frameworks
245(29)
Frank Decker
Sheelagh McCracken
14 Central banking in Latin America: past, present and challenges ahead
274(22)
Luis I Jacome H
15 The institutional path of central bank independence
296(18)
Rosa Maria Lastra
16 Central bank accounting
314(19)
David Bholat
Robin Darbyshire
17 International aspects of central banking: diplomacy and coordination
333(32)
Robert B. Kahn
Ellen E. Meade
18 Central bank psychology
365(15)
Andrew G. Haldane
19 Banking regulation and supervision: a UK perspective
380(18)
Kern Alexander
Rosa Maria Lastra
20 Unconventional monetary policies: a re-appraisal
398(47)
Claudio Borio
Anna Zabai
21 Central banks and payment system risks: comparative study
445(29)
Benjamin Geva
22 Digital currencies, decentralized ledgers and the future of central banking
474(13)
Max Raskin
David Yermack
23 Central banks, systemic risk and financial sector structural reform
487(21)
Saule T. Omarova
24 The role of macro-prudential policy
508(10)
Charles Goodhart
25 Transparency of central banks' policies
518(17)
Christine Kaufmann
Rolf H. Weber
26 The lender of last resort: regimes for stability and legitimacy
535(18)
Paul Tucker
27 Concluding observations
553(2)
Rosa Maria Lastra
Index 555
Edited by Peter Conti-Brown, Assistant Professor, The Wharton School, University of Pennsylvania, US and Rosa Maria Lastra, Sir John Lubbock Chair in Banking Law, Queen Mary University of London, UK