M L Burstein

The New Art of Central Banking

• Broschiertes Buch

Produktbeschreibung

Central banking is being turned upside down by innovations such as securitization, complex options dealings and Euro-asset transactions that are denationalizing money and making it impossible for central banks to regulate costs of capital. Nor can central banks modulate business cycles in open economies; study of banking policy and business fluctuations suggests that the 'real' importance of bank-credit changes has long been exaggerated. The new art of central banking may culminate in masterly inactivity.

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Produktdetails

• Verlag: Palgrave Macmillan / Palgrave Macmillan UK / Springer Palgrave Macmillan
• Artikelnr. des Verlages: 978-1-349-11628-7
• 1st ed. 1991
• Seitenzahl: 260
• Erscheinungstermin: 1. Januar 1991
• Englisch
• Abmessung: 216mm x 140mm x 16mm
• Gewicht: 360g
• ISBN-13: 9781349116287
• ISBN-10: 1349116289
• Artikelnr.: 44460673

Inhaltsangabe

PART 1: FOUNDATIONS OF THE NEW ART OF CENTRAL BANKING - Introduction - The Theory of Monetary Standards applied to Pan-European Money and Monetary Control - The Modus Operandi of Bank Rate reconsidered - Innovated Payments Systems - A Monetary Analysis of Public Debt - A More Formal Analysis Linking Chapters 2 and 5 - PART 2: MONEY AND TRADE CYCLES OVER TWO MILLENIA: RETROSPECTIVE AND PROSPECTIVE VIEWS OF CENTRAL BANKING - Preliminaries: Physical and Monetary(?) Foundations of Cyclical Action - Implications of Empirical Properties of a Hypothetical Open Economy - Some Theory of Innovated Open Financial Networks - Banking Policy and Economic Fluctuations - Some Classical Economics: Monetary Features of Trade Fluctuations in Ancient Rome - Conclusion - Bibliography - Index