The money masters : the progress and power of central banks / Onno de Beaufort Wijnholds.
2020
HG1811 .D43 2020
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Details
Title
The money masters : the progress and power of central banks / Onno de Beaufort Wijnholds.
ISBN
9783030400415 (electronic book)
3030400417 (electronic book)
3030400409
9783030400408
3030400417 (electronic book)
3030400409
9783030400408
Published
Cham, Switzerland : Palgrave Macmillan, [2020]
Language
English
Description
1 online resource
Item Number
10.1007/978-3-030-40041-5 doi
Call Number
HG1811 .D43 2020
Dewey Decimal Classification
332.11
Summary
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 a better understanding of the why, what and how of central banking, this book traces the progress of central banks from modest beginnings, including financing wars, to the powerful institutions they have become. It describes the evolution of the Bank of England to a fully-fledged central bank, the very different route taken by the Federal Reserve and, much later, by the European Central Bank. The gold standard, floating exchange rates, and the battle against inflation are covered in depth, alongside a review of modern monetary policy and central banks role in maintaining financial stability. Throughout the book, the ups and downs of central banks relationship vis-a-vis their governments are a recurring theme, even surmising that reigning in the independence of central banks risks inflicting serious damage to economic and financial stability. Uncovering the challenges that the money masters may face in an uncertain future, this book will be of interest to academics, researchers and practitioners in central banking, finance, and economics at large.
Bibliography, etc. Note
Includes bibliographical references and indexes.
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Access limited to authorized users.
Source of Description
Description based on online resource; title from digital title page (viewed on August 24, 2020).
Available in Other Form
Print version: 9783030400408
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