Produktbild: The Money Masters

The Money Masters

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128,39 €

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The Progress and Power of Central Banks

ISBN: 3030400433
ISBN 13: 9783030400439
Autor: de Beaufort Wijnholds, Onno
Verlag: Springer Verlag GmbH
Umfang: xix, 305 S., 15 s/w Illustr., 305 p. 15 illus.
Erscheinungsdatum: 24.08.2021
Auflage: 1/2021
Produktform: Kartoniert
Einband: Kartoniert

Central banks are major players in today’s economic and financial policy making. While respected for their technical acumen and their pivotal role in defusing the global financial crisis, they are at the same time mistrusted by others and considered to be too powerful. In order to contribute to a better understanding of the why, what and how of central banking, this book traces the progress of central banks from modest beginnings, including financing wars, to the powerful institutions they have become. It describes the evolution of the Bank of England to a fully-fledged central bank, the very different route taken by the Federal Reserve and, much later, by the European Central Bank. The gold standard, floating exchange rates, and the battle against inflation are covered in depth, alongside a review of modern monetary policy and central banks‘ role in maintaining financial stability. Throughout the book, the ups and downs of central banks‘ relationship vis-a-vis their governments are a recurring theme, even surmising that reigning in the independence of central banks risks inflicting serious damage to economic and financial stability. Uncovering the challenges that the money masters may face in an uncertain future, this book will be of interest to academics, researchers and practitioners in central banking, finance, and economics at large.

Artikelnummer: 2703810 Kategorie:

Beschreibung

Showcases how central banks became powerful and how their relationship with the government has changed throughout the years Uncovers the inner workings of central banking, exploring topics such as floating exchange rates, inflation, and the gold standard Presents an insightful and innovative view of central banking in the future

Autorenporträt

Onno de Beaufort Wijnholds is a former Executive Director of the International Monetary Fund and former Representative of the European Central Bank in the United States. During his 40 year career, which began at the Netherlands Central Bank, he was closely involved in dealing with monetary issues and international financial crises. Previously, Onno was a Professor of Money and Banking and has published widely in this area.

Herstellerkennzeichnung:


Springer Verlag GmbH
Tiergartenstr. 17
69121 Heidelberg
DE

E-Mail: juergen.hartmann@springer.com

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