Title: The changing role of central banks /
Authors: Chorafas, Dimitris N.,
Year: 2013
Subjects: Banks and banking, Central; Monetary policy.; Economic policy; Banks and banking, Central; Economic policy; Monetary policy; BUSINESS & ECONOMICS Finance.
Abstract: What are the conditions that gave rise to the change in central banks? Without recourse to ideological arguments, Chorafas derives lessons from current economic and financial challenges as well as failures in confronting them. Through this approach, "The Changing Role of Central Banks" brings into perspective financial, political, and social reactions to major economic problems of the last ten years, particularly those pertaining to money and initiatives taken by central banks, and the parallel challenge of bank regulation. -- From the back cover of the book.
Contents: List of figures and tables -- Preface -- Prologue -- Queen Elizabeth II and the economists -- Money -- Monetary policy -- Currency exchange in a globalized world -- Preserving the value of money -- Central banks are reserve institutions, not firefighters -- Challenge of bank regulation -- Loose ends of bank supervision and regulation -- Counterparty risk, data points and CDSs -- Epilogue -- Notes -- Index.