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  3. The Future of Central Banking
  • Cited by 22
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    • Publisher:
      Cambridge University Press
      Publication date:
      05 November 2011
      23 February 1995
      ISBN:
      9780511983696
      9780521496346
      9780521065467
      DOI:
      https://doi.org/10.1017/CBO9780511983696
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.7kg, 380 Pages
      Dimensions:
      (229 x 152 mm)
      Weight & Pages:
      0.56kg, 380 Pages
      • Subjects:
      Economics, Economic Theory, History, Economic History
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    Subjects:
    Economics, Economic Theory, History, Economic History
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    Book description

    This volume contains two major papers prepared for the Bank of England's Tercentenary Symposium in June 1994. The first, by Forrest Capie, Charles Goodhart and Norbert Schnadt, provides an authoritative account of the evolution of central banking. It traces the development of both the monetary and financial stability concerns of central banks, and includes individual sections on the evolution and constitutional positions of 31 central banks from around the world. The second paper, by Stanley Fischer, explores the major policy dilemmas now facing central bankers: the extent to which there is a short-term trade-off between inflation and growth; the choice of inflation targets; and the choice of operating procedures. Important contributions by leading central bankers from around the world, and the related Per Jacobsen lecture by Alexander Lamfalussy, are also included in the volume.

    Reviews

    "...well written and instructive on many levels..." Journal of Comparative Econonics

    "...attains the status of a classic..." Journal of Economic Literature

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