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The New Art of Central Banking
M. L. Burstein
€ 66.30
FREE Delivery in Ireland
Description for The New Art of Central Banking
Paperback. Num Pages: 275 pages, biography. BIC Classification: KCB; KFFK. Category: (G) General (US: Trade). Dimension: 216 x 140 x 16. Weight in Grams: 360.
Central banking is being turned upside down by innovations such as securitization, complex options dealings and Euro-asset transactions that are denationalizing money and making it impossible for central banks to regulate costs of capital. Nor can central banks modulate business cycles in open economies; study of banking policy and business fluctuations suggests that the 'real' importance of bank-credit changes has long been exaggerated. The new art of central banking may culminate in masterly inactivity.
Central banking is being turned upside down by innovations such as securitization, complex options dealings and Euro-asset transactions that are denationalizing money and making it impossible for central banks to regulate costs of capital. Nor can central banks modulate business cycles in open economies; study of banking policy and business fluctuations suggests that the 'real' importance of bank-credit changes has long been exaggerated. The new art of central banking may culminate in masterly inactivity.
Product Details
Format
Paperback
Publication date
1991
Publisher
Palgrave Macmillan United Kingdom
Number of pages
275
Condition
New
Number of Pages
260
Place of Publication
Basingstoke, United Kingdom
ISBN
9781349116287
SKU
V9781349116287
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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