The puzzle of credibility in international markets -- A theory of credibility through financial integration -- Foreign bank advantage in comparative perspective -- Currency boards and foreign bank presence -- Inflation targeting and foreign bank presence -- Reputation in crisis -- Conclusion

Central bank collateral frameworks are an often overlooked feature of monetary policy that play a key role in the monetary and financial system. Readers will discover how central banks conduct and implement monetary policy beyond merely setting interest rates, and develop their understanding as...

Cover page -- Halftitle page -- Title page -- Copyright page -- Dedication -- CONTENTS -- FIGURES -- ACKNOWLEDGEMENTS -- INTRODUCTION The Needle (and the Damage Done) -- The Needle -- The Damage Done -- What Went Wrong -- PART I ANATOMY OF THE NORTH ATLANTIC FINANCIAL CRISIS -- Chapter 1...