A traditional function of the central bank is to control the price level. The fiscal theory of the price level …

regulations into harmony, and such harmonizing requires extensive international coordination and cooperation. In addition, central …

wholesale networks is that settlement is carried out by exchange of funds held in banks' reserve accounts at a central bank …

Since the adoption of a flexible exchange rate system in 1973, central banks of most industrialized countries have ….> Opinions differ on whether central banks can stabilize exchange rates. Some analysts believe central bank intervention can … reduce exchange rate volatility by stopping speculative attacks against a currency. Other analysts, though, believe central …

countries, central banks have a single long-run goal defined in terms of an inflation target. Yet while central banks have … narrowly defined long-run goals, most monitor a wide range of economic indicators.> Why do central banks collect and analyze so …

Inflation targeting has been adopted by many central banks, but not by the U.S. Federal Reserve. Using an estimated New …

Central banks around the world potentially face a skeptical public when they announce a commitment to controlling … inflation. Some economists have argued that, to enhance credibility, central banks should adopt monetary growth rules or other …