Should We Have Faith In Central Banks

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Do Central Banks Serve the People?

Author : Peter Dietsch
Publisher : John Wiley & Sons
ISBN 13 : 1509525807
Total Pages : 78 pages
Book Rating : 4.5/5 (95 download)

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Book Synopsis Do Central Banks Serve the People? by : Peter Dietsch

Download or read book Do Central Banks Serve the People? written by Peter Dietsch and published by John Wiley & Sons. This book was released on 2018-08-16 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central banks have become the go-to institution of modern economies. In the wake of the 2007 financial crisis, they injected trillions of dollars of liquidity – through a process known as quantitative easing – first to prevent financial meltdown and later to stimulate the economy. The untold story behind these measures, and behind the changing roles of central banks generally, is that they have come at a considerable cost. Central banks argue we had no choice. This book offers a powerfully original examination of why this claim is false. Using examples from Europe and the US, the authors present and analyse three specific concerns about the way central banks in developed economies operate today. Firstly, they show how unconventional monetary policies have created significant unintended negative consequences in terms of inequalities in income and wealth. They go on to argue that central banks may have become independent of governments, but have instead become worryingly dependent on financial markets. They then proceed to analyse how central bankers, despite being the undisputed experts on monetary policy, can still err and suffer from multiple forms of bias. This book is a sobering and urgent wake-up call for policy-makers and anyone interested in how our monetary and financial system really works.

Central Banking as Global Governance

Author : Rodney Bruce Hall
Publisher : Cambridge University Press
ISBN 13 : 0521898617
Total Pages : 278 pages
Book Rating : 4.5/5 (218 download)

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Book Synopsis Central Banking as Global Governance by : Rodney Bruce Hall

Download or read book Central Banking as Global Governance written by Rodney Bruce Hall and published by Cambridge University Press. This book was released on 2008-12-04 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: An original analysis of central banking as global governance, developing the social relations of money, credit, and debt.

Central Banking in the Twentieth Century

Author : John Singleton
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.

The Federal Reserve System Purposes and Functions

Author : Board of Governors of the Federal Reserve System
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.

Should We Have Faith in Central Banks?

Author : Otmar Issing
Publisher :
ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Should We Have Faith in Central Banks? by : Otmar Issing

Download or read book Should We Have Faith in Central Banks? written by Otmar Issing and published by . This book was released on 2002 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central bank independence is now in vogue because of previous experience of politicisation of monetary policy. But can the central bankers be trusted more than the politicians? In this Occasional Paper, Professor Otmar Issing, the leading monetary economist and one of Europe's most influential central bankers, argues that price stability is a 'common good' and that it is better in the hands of an independent central bank with a clear price stability mandate. The independent central bank with such a manadate, in effect, represents a set of rules which impose constraints on the abuse of power either by politicians or by central bankers. Central bankers operate best in institutions which have a clear objective and are held accountable to the public. Professor Geoffrey Wood adds a commentary which puts Issing's paper in the context of the 'rules versus discretion' debate and deals with three related issues: the meaning of 'price stability', the importance of stable money to the functioning of a market economy and the central bank's role in maintaining financial stability.

Should We Have Faith in Central Banks?

Author : Otmar Issing
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Should We Have Faith in Central Banks? by : Otmar Issing

Download or read book Should We Have Faith in Central Banks? written by Otmar Issing and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central bank independence is now in vogue because of previous experience of politicisation of monetary policy. But can the central bankers be trusted more than the politicians? In this Occasional Paper, Professor Otmar Issing, the leading monetary economist and one of Europe's most influential central bankers, argues that price stability is a 'common good' and that it is better in the hands of an independent central bank with a clear price stability mandate. The independent central bank with such a manadate, in effect, represents a set of rules which impose constraints on the abuse of power either by politicians or by central bankers. Central bankers operate best in institutions which have a clear objective and are held accountable to the public. Professor Geoffrey Wood adds a commentary which puts Issing's paper in the context of the 'rules versus discretion' debate and deals with three related issues: the meaning of 'price stability', the importance of stable money to the functioning of a market economy and the central bank's role in maintaining financial stability.

Central Bank Independence

Author : C. Tognato
Publisher : Springer
ISBN 13 : 1137268832
Total Pages : 215 pages
Book Rating : 4.1/5 (372 download)

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Book Synopsis Central Bank Independence by : C. Tognato

Download or read book Central Bank Independence written by C. Tognato and published by Springer. This book was released on 2012-10-31 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: By engaging in an ethnography of the social text of German, European and USA monetary affairs, this book introduces a new analytical framework that will enable practitioners and academics, particularly within sociology, economics, political economy, and political science, to gain a clear understanding of the role of culture in central banking.

Independence and Legitimacy in the Institutional System of the European Union

Author : Dominique Ritleng
Publisher : Oxford University Press
ISBN 13 : 0191082449
Total Pages : 242 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis Independence and Legitimacy in the Institutional System of the European Union by : Dominique Ritleng

Download or read book Independence and Legitimacy in the Institutional System of the European Union written by Dominique Ritleng and published by Oxford University Press. This book was released on 2016-02-12 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: As EU non-majoritarian bodies such as the European Commission, the Court of Justice of the European Union, and the European Central Bank grow in political influence, many have identified the pressing need to keep these bodies accountable to the repositories of the EU's democratic legitimacy. This collection of essays sheds light on the inherent tension between independence and legitimacy in the EU's institutional system and explores the options of reconciling the two. Featuring analysis from both legal and political perspectives, the volume assesses whether, to what extent, and how it is possible to control the various EU independent bodies and make them answerable for what they do, while at the same time upholding their independence.

Issues in the Governance of Central Banks

Author :
Publisher :
ISBN 13 : 9789291317912
Total Pages : 189 pages
Book Rating : 4.3/5 (179 download)

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Book Synopsis Issues in the Governance of Central Banks by :

Download or read book Issues in the Governance of Central Banks written by and published by . This book was released on 2009 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report by the Central Bank Governance Group presents information intended to help decision-makers set up governance arrangements that are most suitable for their own circumstances. The report draws on a large body of information on the design and operation of central banks that the BIS has brought together since it initiated work on central bank governance in the early 1990s. The need to deal with chronic inflation in the 1970s and 1980s prompted the identification of price stability as a formal central bank objective and led to a significant reworking of governance arrangements. The current global financial crisis could have equally important implications for central banks, particularly with respect to their role in fostering financial stability. Although it is too early to know how central banking will change as a result, the report takes an important first step in identifying governance questions that the crisis poses.

Advances in Monetary Policy and Macroeconomics

Author : P. Arestis
Publisher : Springer
ISBN 13 : 0230800769
Total Pages : 317 pages
Book Rating : 4.2/5 (38 download)

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Book Synopsis Advances in Monetary Policy and Macroeconomics by : P. Arestis

Download or read book Advances in Monetary Policy and Macroeconomics written by P. Arestis and published by Springer. This book was released on 2007-02-28 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the key aspects of developments in monetary economics and macroeconomics, such as the New Consensus Macroeconomics, and further ones such as money, credit and the business cycle. Adding to the analysis are developments that focus on issues for open and spatial macroeconomics.

Economic Developments In India : Monthly Update, Volume -36 Analysis, Reports, Policy Documents WITH CD-ROM

Author : Editors : Raj Kapila & Uma Kapila
Publisher : Academic Foundation
ISBN 13 : 9788171882113
Total Pages : 326 pages
Book Rating : 4.8/5 (821 download)

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Book Synopsis Economic Developments In India : Monthly Update, Volume -36 Analysis, Reports, Policy Documents WITH CD-ROM by : Editors : Raj Kapila & Uma Kapila

Download or read book Economic Developments In India : Monthly Update, Volume -36 Analysis, Reports, Policy Documents WITH CD-ROM written by Editors : Raj Kapila & Uma Kapila and published by Academic Foundation. This book was released on 2000 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Inflation Expectations

Author : Peter J. N. Sinclair
Publisher : Routledge
ISBN 13 : 1135179778
Total Pages : 402 pages
Book Rating : 4.1/5 (351 download)

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Book Synopsis Inflation Expectations by : Peter J. N. Sinclair

Download or read book Inflation Expectations written by Peter J. N. Sinclair and published by Routledge. This book was released on 2009-12-16 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.

50 Years of Central Banking in Kenya

Author : Patrick Njoroge
Publisher : Oxford University Press
ISBN 13 : 0198851820
Total Pages : 510 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis 50 Years of Central Banking in Kenya by : Patrick Njoroge

Download or read book 50 Years of Central Banking in Kenya written by Patrick Njoroge and published by Oxford University Press. This book was released on 2021 with total page 510 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book documents important milestones in the epic journey traversed by the Central Bank of Kenya over the last 50 years, putting into perspective the evolution of central banking globally and within the East African region, and contemplating future prospects and challenges. The book is timely, mainly because the global financial landscape has shifted. Central bankers have expanded their mandates, beyond the singular focus on inflation and consider economic growth as their other important objective. Financial crises have continued to disrupt the functioning of financial institutions and markets, the most devastating episodes being the global financial crisis, which broke out in 2008 and from which the global financial system has not fully recovered, and the unprecedented challenges posed by the global coronavirus pandemic. Bank regulation has moved from Basel I, to Basel II, and somehow migrated to Basel III, although some countries are still at the cross-roads. The book originated from the wide ranging discussions on central banking, from a symposium to celebrate the 50 year anniversary on 13 September 2016 in Nairobi. The participants at the symposium included current and former central bank governors from Kenya and the Eastern Africa region, high level officials from multilateral financial institutions, policy makers, bank executives, civil society actors, researchers and students. The book is an invaluable resource for policy makers, practitioners and researchers, on how monetary policy and financial practices in vogue today in Kenya have evolved through time and worked very well, but also about some pitfalls"--

Coronavirus News, Markets and AI

Author : Pankaj Sharma
Publisher : Taylor & Francis
ISBN 13 : 1000327442
Total Pages : 336 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis Coronavirus News, Markets and AI by : Pankaj Sharma

Download or read book Coronavirus News, Markets and AI written by Pankaj Sharma and published by Taylor & Francis. This book was released on 2020-12-27 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Coronavirus News, Markets and AI explores the analysis of unstructured data from coronavirus-related news and the underlying sentiment during its real-time impact on the world and on global financial markets, in particular. In an age where information - both real and fake - travels in the blink of an eye and significantly alters market sentiment daily, this book is a blow by blow account of economic impact of the COVID-19 pandemic. The volume: Details how AI driven machines capture, analyse and score relevant on-ground news sentiment to analyse the dynamics of market sentiment, how markets react to good or bad news across ‘short term’ and ‘long term’; Investigates what have been the most prevalent news sentiment during the pandemic, and its linkages to crude oil prices, high profile cases, impact of local news, and even the impact of Trump’s policies; Discusses the impact on what people think and discuss, how the COVID-19 crisis differs from the Global Financial Crisis of 2008, the unprecedented disruptions in supply chains and our daily lives; Showcases how easy accessibility to big data methods, cloud computing, and computational methods and the universal applicability of these tool to any topic can help analyse extract the related news sentiment in allied fields. Accessible, nuanced and insightful, this book will be invaluable for business professionals, bankers, media professionals, traders, investors, and investment consultants. It will also be of great interest to scholars and researchers of economics, commerce, science and technology studies, computer science, media and culture studies, public policy and digital humanities.

Bulletin

Author : American Institute of Banking
Publisher :
ISBN 13 :
Total Pages : 376 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis Bulletin by : American Institute of Banking

Download or read book Bulletin written by American Institute of Banking and published by . This book was released on 1910 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Authoritarian Liberalism and the Transformation of Modern Europe

Author : Michael A. Wilkinson
Publisher : Oxford University Press
ISBN 13 : 0192597086
Total Pages : 336 pages
Book Rating : 4.1/5 (925 download)

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Book Synopsis Authoritarian Liberalism and the Transformation of Modern Europe by : Michael A. Wilkinson

Download or read book Authoritarian Liberalism and the Transformation of Modern Europe written by Michael A. Wilkinson and published by Oxford University Press. This book was released on 2021-06-10 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title recounts the transformation of Europe from the post-war era until the Euro-crisis, using the tools of constitutional analysis and critical theory. The central claim is twofold: Europe has been gradually reconstituted in a manner that combines political authoritarianism with economic liberalism and that this order is now in a critical condition. Authoritarian liberalism is constructed supranationally, through a taming of inter-state relations in the project of European integration; at the domestic level, through the depoliticization of state-society relations; and socially, through the emergence of a new constitutional imaginary based on liberal individualism. In the language of constitutional theory, this transformation can be captured by the substitution of supranationalism for internationalism, technocracy for democracy, and economic for political freedom. Sovereignty is restrained, democracy curtailed, and class struggle repressed. This constitutional trajectory takes time to unfold and develop and it presents continuities and discontinuities. On the one hand, authoritarian liberalism is deepened by the neoliberalism of the Maastricht era and the creation of Economic and Monetary Union. On the other hand, counter-movements then also begin to emerge, geopolitically, in the return of the German question, domestically, in the challenges to the EU presented by constitutional courts, and informally, in the rise of anti-systemic political parties and movements. Sovereignty, democracy, and political freedom resurface, but are then more actively suppressed through the harsher authoritarian liberalism of the Euro-crisis phase. This leads now to an impasse. Anti-systemic politics return but remain uneasily within the EU, suggesting authoritarian liberalism has reached its limits if just about managing to maintain constitutional order. As yet, there has been no definitive rupture, with the possible exception of Brexit.

The Future of Finance

Author : Henri Arslanian
Publisher : Springer
ISBN 13 : 3030145336
Total Pages : 318 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis The Future of Finance by : Henri Arslanian

Download or read book The Future of Finance written by Henri Arslanian and published by Springer. This book was released on 2019-07-15 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, written jointly by an engineer and artificial intelligence expert along with a lawyer and banker, is a glimpse on what the future of the financial services will look like and the impact it will have on society. The first half of the book provides a detailed yet easy to understand educational and technical overview of FinTech, artificial intelligence and cryptocurrencies including the existing industry pain points and the new technological enablers. The second half provides a practical, concise and engaging overview of their latest trends and their impact on the future of the financial services industry including numerous use cases and practical examples. The book is a must read for any professional currently working in finance, any student studying the topic or anyone curious on how the future of finance will look like.