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liquidity, and in the balance sheet of the Central Bank. Such control over its own balance sheet is the core, central function … of any Central Bank, even more so than its role in setting short-term interest rates, which latter could be delegated. We …
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The Changing Role of Central Banks derives lessons from current economic and financial challenges as well as failures in confronting them. Through this approach, it brings under perspective political and social reactions to major economic problems of the last ten years, particularly those...
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the early Bank of Amsterdam, debasement, bills of exchange and the emergence of the first central bank / Stephen Quinn and … Richard Sicotte -- Central bank reaction functions during the inter-war gold standard: a view from the periphery / Kirsten …
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