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The Quest for Stable Money: Central Banking in Austria, 1816-2016
Clemens Jobst
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Description for The Quest for Stable Money: Central Banking in Austria, 1816-2016
Hardcover. Num Pages: 320 pages. BIC Classification: 1DFA; 3JH; 3JJ; 3JM; KFFK. Category: (P) Professional & Vocational. Dimension: 170 x 232 x 31. Weight in Grams: 910.
Caught up in the costly Napoleonic wars, Austria went into sovereign default in 1811. Five years later, the public authorities founded a national bank to be financed and run by private shareholders, the idea being that an independent bank would help rebuild trust in money. During the two hundred years that followed, the Oesterreichische Nationalbank grew from the treasury's banker-of-choice into a central bank, and from a private stock corporation into a public institution. Yet the challenges facing today's Nationalbank are a surprising echo of the past: How can it provide stable money? How far must central bank independence go? ... Read more
Caught up in the costly Napoleonic wars, Austria went into sovereign default in 1811. Five years later, the public authorities founded a national bank to be financed and run by private shareholders, the idea being that an independent bank would help rebuild trust in money. During the two hundred years that followed, the Oesterreichische Nationalbank grew from the treasury's banker-of-choice into a central bank, and from a private stock corporation into a public institution. Yet the challenges facing today's Nationalbank are a surprising echo of the past: How can it provide stable money? How far must central bank independence go? ... Read more
Product Details
Format
Hardback
Publication date
2016
Publisher
Campus Verlag
Condition
New
Number of Pages
320
Place of Publication
Frankfurt, Germany
ISBN
9783593505350
SKU
V9783593505350
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-1
About Clemens Jobst
Clemens Jobst is lead economist at the Oesterreichische Nationalbank and research affiliate with the Centre for Economic Policy Research in London. Hans Kernbauer teaches economic history at the Vienna University of Economics and Business, following a career at the Vienna Institute for Advanced Studies, the Oesterreichische Nationalbank, the Austrian Ministry of Finance, and other Austrian financial institutions.
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