description: The subject of this book is central banking in theory and practice. Its points is that practical banking has little chance of success, if it is not anchored in theory. The author draws a simple but seminal distinction between a theory of the foreign exchanges and a foreign exchange handbook. While the latter is arithmetic, the former is algebra; it makes all the difference.
title: Central Banking In Theory And Practice: A Small State Perspective
titlecomplete: Central Banking In Theory And Practice: A Small State Perspective