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Chapter 1. Introduction -- Chapter 2. From War Financier to Bankers’ Bank -- Chapter 3. Central Banks under the Gold Standard -- Chapter 4. The Federal Reserve: A Unique Institution -- Chapter 5. From War to War: 1914-1939 -- Chapter 6. Post-war Progress: 1946-1960 -- Chapter 7. The 1960s:...
Persistent link: https://www.econbiz.de/10012399577
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...
Persistent link: https://www.econbiz.de/10012256522
1980s saw several financial crises around the world with little lasting impact on the global economy. The second mistake … was a failure to adequately appreciate how inter-connected the world's financial system had become. The fact that the … crisis originated in the advanced world only increased the effect it had on the global economy. The triumph was the …
Persistent link: https://www.econbiz.de/10011608990
"Government bailouts. Negative interest rates and markets that do not behave as economic models tell us they should. New populist and nationalist movements that target central banks and central bankers as a source of popular malaise. New regional organizations and geopolitical alignments laying...
Persistent link: https://www.econbiz.de/10011855405
Problems & contradictions of central banking -- Evolution of central banking: functions, targets & tools -- Central bank independence: but from whom? -- Hamilton's curse: the 1st bank of the United States -- The 2nd US bank & the depression of 1837-43 -- National banking goes bust: three crashes...
Persistent link: https://www.econbiz.de/10011735209
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The establishment of independent authorities for monetary policy and for competition policy was part of the institutional consensus of the Great Moderation. The paper contrasts how policy has operated in the two spheres, especially as regards the role of law. It then discusses the application of...
Persistent link: https://www.econbiz.de/10013094087
.1 Evolution of the International Monetary System: Before the End of World War II -- The Gold Standard -- The Gold Exchange …
Persistent link: https://www.econbiz.de/10012600749
We examine whether central banks' voting records help predict the future course of monetary policy in the Czech republic, Hungary, Poland, Sweden and the United Kingdom, controlling for financial market expectations. Unlike previous research, first, we examine the period of the global financial...
Persistent link: https://www.econbiz.de/10010461227
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