Research Handbook on Central Banking

✍ Scribed by Peter Conti-Brown , Rosa Maria Lastra

• Publisher: Edward Elgar Publishing
• Year: 2018
• Tongue: English
• Leaves: 588
• Series: Research Handbooks in Financial Law
• Category: Library

✦ Synopsis

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.

✦ Table of Contents

Cover
Copyright
Contents
List of figures
List of tables
List of contributors
1 The central banking century: an introduction to institutional central banking
2 Central banking and institutional change in the United States: punctuated equilibrium in the development of money, finance and banking
3 The development of the Bank of England’s objectives: evolution, instruction or reaction?
4 Central banking in Japan
5 Reserve Bank of India
6. The Bank of Russia: from central planning to inflation targeting
7 Specific challenges to the People’s Bank of China in a new wave of financial reforms
8 An evolutionary theory of central banking and central banking in China
9 New tasks and central bank independence: the Eurosystem experience
10 A central bank in times of crisis: the ECB’s developing role in the EU’s currency union
11. Monetary policy and central banking in sub-Saharan Africa
12 The Reichsbank and the Bundesbank: the legacy of the German tradition of central banking
13 Central banking in Australia and New Zealand: historical foundations and modern legislative frameworks
14 Central banking in Latin America: past, present and challenges ahead
15 The institutional path of central bank independence
16 Central bank accounting
17 International aspects of central banking: diplomacy and coordination
18 Central bank psychology
19 Banking regulation and supervision: a UK perspective
20 Unconventional monetary policies: a re-appraisal
21 Central banks and payment system risks: comparative study
22 Digital currencies, decentralized ledgers and the future of central banking
23 Central banks, systemic risk and financial sector structural reform
24 The role of macro-prudential policy
25 Transparency of central banks’ policies
26 The lender of last resort: regimes for stability and legitimacy
27 Concluding observations
Index