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Hardcover The Changing Face of Central Banking: Evolutionary Trends Since World War II Book

ISBN: 052178025X

ISBN13: 9780521780254

The Changing Face of Central Banking: Evolutionary Trends Since World War II

(Part of the Studies in Macroeconomic History Series)

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Book Overview

Central banks have emerged as the key players in national and international policy making. This book explores their evolution since World War II in 20 industrial countries. The study considers the mix of economic, political, and institutional forces that have affected central bank behavior and its relationship with government. The analysis reconciles vastly different views about the role of central banks in the making of economic policies. One finding is that monetary policy is an evolutionary process.

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