Banking on the Future : The Fall and Rise of Central Banking.
Material type: TextPublisher: Princeton : Princeton University Press, 2010Copyright date: ©2010Description: 1 online resource (337 pages)Content type: text Media type: computer Carrier type: online resourceISBN: 9781400834631Subject(s): Banks and banking, Central | Monetary policyGenre/Form: Electronic books.Additional physical formats: Print version:: Banking on the Future : The Fall and Rise of Central BankingDDC classification: 332.1/1 LOC classification: HG1811.D38 2010Online resources: Click to ViewCover -- Title -- Copyright -- Contents -- Preface -- Abbreviations -- INTRODUCTION -- CHAPTER ONE: What Is Central Banking and Why Is It Important? -- CHAPTER TWO: Monetary Stability -- CHAPTER THREE: Financial Stability -- CHAPTER FOUR: Financial Infrastructure -- CHAPTER FIVE: Asset Prices -- CHAPTER SIX: Structure, Status, and Accountability -- CHAPTER SEVEN: Europe: A Special Case -- CHAPTER EIGHT: Central Banking in Emerging Market Countries -- CHAPTER NINE: Financial Resources, Costs, and Efficiency -- CHAPTER TEN: International Cooperation -- CHAPTER ELEVEN: Leadership -- CHAPTER TWELVE: An Agenda for Change -- AFTERWORD -- Notes -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W -- Y -- Z.
The crash of 2008 revealed that the world's central banks had failed to offset the financial imbalances that led to the crisis, and lacked the tools to respond effectively. What lessons should central banks learn from the experience, and how, in a global financial system, should cooperation between them be enhanced? Banking on the Future provides a fascinating insider's look into how central banks have evolved and why they are critical to the functioning of market economies. The book asks whether, in light of the recent economic fallout, the central banking model needs radical reform. Supported by interviews with leading central bankers from around the world, and informed by the latest academic research, Banking on the Future considers such current issues as the place of asset prices and credit growth in anti-inflation policy, the appropriate role for central banks in banking supervision, the ways in which central banks provide liquidity to markets, the efficiency and cost-effectiveness of central banks, the culture and individuals working in these institutions, as well as the particular issues facing emerging markets and Islamic finance. Howard Davies and David Green set out detailed policy recommendations, including a reformulation of monetary policy, better metrics for financial stability, closer links with regulators, and a stronger emphasis on international cooperation. Exploring a crucial sector of the global economic system, Banking on the Future offers new ideas for restoring financial strength to the foundations of central banking.
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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2018. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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