One Hundred and Thirty Years of Central Bank Cooperation

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Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis One Hundred and Thirty Years of Central Bank Cooperation by : Claudio E. V. Borio

Download or read book One Hundred and Thirty Years of Central Bank Cooperation written by Claudio E. V. Borio and published by . This book was released on 2013 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the insight of 130 years of history, this paper tries to answer three questions: how did changing international monetary and financial conditions shape the targets and tools of central bank cooperation? What factors influenced its intensity? Did a structured organisation, such as the BIS, make a difference to its effectiveness? We show that while central bank cooperation through history was ultimately directed to ensuring monetary and financial stability, the conception of these objectives, the relationship between the two, the balance in their pursuit, and the strategies followed evolved over time reflecting changes in the monetary and financial environment as well as in the intellectual climate. In turn, the intensity of central bank cooperation was influenced by the state of international relations, the prestige and degree of autonomy of central banks and the technical nature of the issues requiring cooperation. We also argue that the BIS made a material difference, at least when conditions allowed.

One Hundred and Thirty Years of Central Bank Cooperation

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Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis One Hundred and Thirty Years of Central Bank Cooperation by : C. E. V. Borio

Download or read book One Hundred and Thirty Years of Central Bank Cooperation written by C. E. V. Borio and published by . This book was released on 2006 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the insight of 130 years of history, this paper tries to answer three questions: how did changing international monetary and financial conditions shape the targets and tools of central bank cooperation? What factors influenced its intensity? Did a structured organisation, such as the BIS, make a difference to its effectiveness? We show that while central bank cooperation through history was ultimately directed to ensuring monetary and financial stability, the conception of these objectives, the relationship between the two, the balance in their pursuit, and the strategies followed evolved over time reflecting changes in the monetary and financial environment as well as in the intellectual climate. In turn, the intensity of central bank cooperation was influenced by the state of international relations, the prestige and degree of autonomy of central banks and the technical nature of the issues requiring cooperation. We also argue that the BIS made a material difference, at least when conditions allowed.

One Hundred Ad Thirty Years of Central Bank Cooperation

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (62 download)

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Book Synopsis One Hundred Ad Thirty Years of Central Bank Cooperation by : C.E.V. Borio

Download or read book One Hundred Ad Thirty Years of Central Bank Cooperation written by C.E.V. Borio and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Central Bank Cooperation at the Bank for International Settlements, 1930-1973

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Author :
Publisher : Cambridge University Press
ISBN 13 : 9780521845519
Total Pages : 780 pages
Book Rating : 4.8/5 (455 download)

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Book Synopsis Central Bank Cooperation at the Bank for International Settlements, 1930-1973 by : Gianni Toniolo

Download or read book Central Bank Cooperation at the Bank for International Settlements, 1930-1973 written by Gianni Toniolo and published by Cambridge University Press. This book was released on 2005-05-16 with total page 780 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers the history of the Bank for International Settlements (BIS), from its founding in Basel in 1930 to the end of the Bretton Woods system in 1973, with a focus on cooperation among the main central banks for the stability and efficiency of the international monetary system.

Promoting Global Monetary and Financial Stability

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Publisher : Cambridge University Press
ISBN 13 : 1108495982
Total Pages : 287 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis Promoting Global Monetary and Financial Stability by : Claudio Borio

Download or read book Promoting Global Monetary and Financial Stability written by Claudio Borio and published by Cambridge University Press. This book was released on 2020-04-30 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: A multi-faceted look at what global central bank cooperation has - and has not - achieved over the past half century.

The Emergence of the Modern Central Bank and Global Cooperation

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Publisher : Cambridge University Press
ISBN 13 : 1009367544
Total Pages : 443 pages
Book Rating : 4.0/5 (93 download)

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Book Synopsis The Emergence of the Modern Central Bank and Global Cooperation by : Barry Eichengreen

Download or read book The Emergence of the Modern Central Bank and Global Cooperation written by Barry Eichengreen and published by Cambridge University Press. This book was released on 2023-10-31 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides new analysis of the spread of central banking beyond Western Europe and North America in the 1920s and 1930s.

The Spread of the Modern Central Bank and Global Cooperation

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Publisher : Cambridge University Press
ISBN 13 : 1009367587
Total Pages : 443 pages
Book Rating : 4.0/5 (93 download)

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Book Synopsis The Spread of the Modern Central Bank and Global Cooperation by : Barry Eichengreen

Download or read book The Spread of the Modern Central Bank and Global Cooperation written by Barry Eichengreen and published by Cambridge University Press. This book was released on 2023-11-16 with total page 443 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central banks were not always as ubiquitous as they are today. Their functions were circumscribed, their mandates ambiguous, and their allegiances once divided. The inter-war period saw the establishment of twenty-eight new central banks – most in what are now called emerging markets and developing economies. The Emergence of the Modern Central Bank and Global Cooperation provides a new account of their experience, explaining how these new institutions were established and how doctrinal knowledge was transferred. Combining synthetic analysis with national case studies, this book shows how institutional design and monetary practice were shaped by international organizations and leading central banks, which attached conditions to stabilization loans and dispatched 'money doctors.' It highlights how many of these arrangements fell through when central bank independence and the gold standard collapsed.

The Federal Reserve System Purposes and Functions

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Publisher :
ISBN 13 : 9780894991967
Total Pages : 0 pages
Book Rating : 4.9/5 (919 download)

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Book Synopsis The Federal Reserve System Purposes and Functions by : Board of Governors of the Federal Reserve System

Download or read book The Federal Reserve System Purposes and Functions written by Board of Governors of the Federal Reserve System and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Banking in the Twentieth Century

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Publisher : Cambridge University Press
ISBN 13 : 1139495208
Total Pages : 351 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Central Banking in the Twentieth Century by : John Singleton

Download or read book Central Banking in the Twentieth Century written by John Singleton and published by Cambridge University Press. This book was released on 2010-11-25 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central banks are powerful but poorly understood organisations. In 1900 the Bank of Japan was the only central bank to exist outside Europe but over the past century central banking has proliferated. John Singleton here explains how central banks and the profession of central banking have evolved and spread across the globe during this period. He shows that the central banking world has experienced two revolutions in thinking and practice, the first after the depression of the early 1930s, and the second in response to the high inflation of the 1970s and 1980s. In addition, the central banking profession has changed radically. In 1900 the professional central banker was a specialised type of banker, whereas today he or she must also be a sophisticated economist and a public official. Understanding these changes is essential to explaining the role of central banks during the recent global financial crisis.

Almost a Century of Central Bank Cooperation

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Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Almost a Century of Central Bank Cooperation by : Richard N. Cooper

Download or read book Almost a Century of Central Bank Cooperation written by Richard N. Cooper and published by . This book was released on 2006 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews 80 years of cooperation among central banks. Diverse modes of collaboration are identified, ranging from simple exchange of relevant information to mutual financial support and coordination of monetary actions. Central bank cooperation got off to a rocky start in the 1930s, following the creation of the Bank for International Settlements in 1930, but it improved in the 1950s and especially in the 1960s. Most early cooperation was among European central banks, although need for a trans-Atlantic dimension was soon evident. By the end of the 20th century both the problems addressed and the participants were drawn from around the world. The alleged dangers of central bank cooperation are found to have been exaggerated.

The Past and Future of Central Bank Cooperation

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Publisher : Cambridge University Press
ISBN 13 : 9780521187572
Total Pages : 0 pages
Book Rating : 4.1/5 (875 download)

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Book Synopsis The Past and Future of Central Bank Cooperation by : Claudio Borio

Download or read book The Past and Future of Central Bank Cooperation written by Claudio Borio and published by Cambridge University Press. This book was released on 2011-02-17 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the past and future of central bank cooperation. In today's global economy, the cooperation between central banks is a key element in maintaining or restoring monetary and financial stability, thereby ensuring a smooth functioning of the international financial system. Or is it? In this book, economists, historians, and political scientists look back at the experience of central bank cooperation during the past century - at its goals, nature, and processes and at its successes and failures - and draw lessons for the future. Particular attention is devoted to the role played by central bank cooperation in the formulation of minimum capital standards for internationally active banks (the Basel Capital Accord, Basel II), and in the process of European monetary unification and the introduction of the euro.

Central Bank Cooperation

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ISBN 13 :
Total Pages : 234 pages
Book Rating : 4.:/5 (781 download)

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Book Synopsis Central Bank Cooperation by : Stephen V. O. Clarke

Download or read book Central Bank Cooperation written by Stephen V. O. Clarke and published by . This book was released on with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Financial History of the Bank for International Settlements

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Publisher : Routledge
ISBN 13 : 1135098360
Total Pages : 266 pages
Book Rating : 4.1/5 (35 download)

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Book Synopsis The Financial History of the Bank for International Settlements by : Kazuhiko Yago

Download or read book The Financial History of the Bank for International Settlements written by Kazuhiko Yago and published by Routledge. This book was released on 2013-01-03 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bank for International Settlements (BIS), founded in 1930, works as the "Bank for Central Banks". The BIS is an international forum where central bankers and officials gather to cope with international financial issues, and a bank which invests the funds of the member countries. This book is a historical study on the BIS, from its foundation to the 1970s. Using archival sources of the Bank and financial institutions of the member countries, this book aims to clarify how the BIS faced the challenges of contemporary international financial system. The book deals with following subjects: Why and how the BIS has been founded? How did the BIS cope with the Great Depression in the 1930s? Was the BIS responsible for the looted gold incident during WWII? After the dissolution sentence at the Bretton Woods Conference in 1944, how did the BIS survive? How did the BIS act during the dollar crisis in the 1960s and the 1970s? A thorough analysis of the balance sheets supports the archival investigation on the above issues. The BIS has been, and is still an institution which proposes an "alternative views": crisis manager under the Great Depression of the 1930s, peace feeler during the WWII, market friendly bank in the golden age of the Keynesian interventionism, and crisis fighter during the recent world financial turmoil. Harmonizing the methodology of economic history, international finances and history of economic thoughts, the book traces the past events to the current world economy under financial crisis.

Central Banks and Gold

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Publisher : Cornell University Press
ISBN 13 : 1501706500
Total Pages : 261 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis Central Banks and Gold by : Simon James Bytheway

Download or read book Central Banks and Gold written by Simon James Bytheway and published by Cornell University Press. This book was released on 2016-12-01 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent decades, Tokyo, London, and New York have been the sites of credit bubbles of historically unprecedented magnitude. Central bankers have enjoyed almost unparalleled power and autonomy. They have cooperated to construct and preserve towering structures of debt, reshaping relations of power and ownership around the world. In Central Banks and Gold, Simon James Bytheway and Mark Metzler explore how this financialized form of globalism took shape a century ago, when Tokyo joined London and New York as a major financial center.As revealed here for the first time, close cooperation between central banks began along an unexpected axis, between London and Tokyo, around the year 1900, with the Bank of England's secret use of large Bank of Japan funds to intervene in the London markets. Central-bank cooperation became multilateral during World War I—the moment when Japan first emerged as a creditor country. In 1919 and 1920, as Japan, Great Britain, and the United States adopted deflation policies, the results of cooperation were realized in the world's first globally coordinated program of monetary policy. It was also in 1920 that Wall Street bankers moved to establish closer ties with Tokyo. Bytheway and Metzler tell the story of how the first age of central-bank power and pride ended in the disaster of the Great Depression, when a rush for gold brought the system crashing down. In all of this, we see also the quiet but surprisingly central place of Japan. We see it again today, in the way that Japan has unwillingly led the world into a new age of post-bubble economics.

The Politics of Global Regulation

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Publisher : Princeton University Press
ISBN 13 : 9780691139616
Total Pages : 316 pages
Book Rating : 4.1/5 (396 download)

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Book Synopsis The Politics of Global Regulation by : Walter Mattli

Download or read book The Politics of Global Regulation written by Walter Mattli and published by Princeton University Press. This book was released on 2009-05-17 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Regulation by public and private organizations can be hijacked by special interests or small groups of powerful firms, and nowhere is this easier than at the global level ... This is the first book to examine systematically how and why such hijacking or 'regulatory capture' happens, and how it can be averted."--P. [iv] of cover.

Global Monetary Regime and National Central Banking

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Publisher : East European Monographs
ISBN 13 :
Total Pages : 224 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Global Monetary Regime and National Central Banking by : György Péteri

Download or read book Global Monetary Regime and National Central Banking written by György Péteri and published by East European Monographs. This book was released on 2002 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author examines the evolution of central bank cooperation and the international dimensions of national policies in the post-World War I reconstruction. The tensions between the demands set by the workings of the global monetary regime and the need for long term structural adjustment of a peripheral economy is one of the central themes of the volume.

Per Jacobsson Lecture

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Publisher : International Monetary Fund
ISBN 13 : 1475582056
Total Pages : 58 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Per Jacobsson Lecture by : International Monetary Fund

Download or read book Per Jacobsson Lecture written by International Monetary Fund and published by International Monetary Fund. This book was released on 2014-04-08 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the grave disruption of the subprime market at the start of the global financial crisis triggered major turbulences in the functioning of money markets in all large advanced economies, central bankers have experienced extraordinarily demanding and difficult times, characterized by a succession of shocks unseen, in the advanced economies, since World War II. Given the structurally very different economies that central banks were dealing with, one could have expected that the shock of the crisis would have accentuated their differences and given rise to an even more diverse setof central bank policies, conceptual references, and measures in a selfish, inward-looking mode. Instead, however, a phenomenon of “practical and conceptual rapprochement” took place between central banks, amidst the economic and financial turmoil, with the closest central bank cooperation ever, as symbolically illustrated by the coordinated decrease of interest rates in October 2008. The crisis also started or accelerated a multidimensional process of convergence of key elements of monetary policy thinking and policymaking—“conceptual convergence”—that is far from being achieved, but calls for great attention from both academia and policymakers. This Per Jacobsson Lecture concentrates on this convergence process, reflecting as well on some theoretical and practical issues that are associated with unconventional monetary policy liquidity and quantitative measures and the forward guidance generalization, themselves part of the conceptual convergence phenomenon.