The Economics of Central Banking (Paperback) book cover

The Economics of Central Banking

By Livio Stracca

Routledge

136 pages | 6 B/W Illus.

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Paperback: 9781138496712
pub: 2018-04-12
$39.95
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Hardback: 9781138297098
pub: 2018-04-10
$150.00
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eBook (VitalSource) : 9781315099521
pub: 2018-04-17
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Description

This book offers a comprehensive analysis of central banks, and aims to demystify them for the general public, which is the only way to have a rational debate about them and ultimately to make them truly accountable.

The book originates from the author’s graduate lectures on Central Banking at the University of Frankfurt J.W. Goethe. It contains an overview of all the key questions surrounding central banks and their role in the economy. It leads the reader from the more established concepts (including monetary theory and historical experience), necessary to have a good grasp of modern central banking, to the more open and problematic questions, which are being debated within academic and financial market circles. This structure enables readers without specific knowledge of central banks or monetary economics to understand the current challenges.

The book has three defining characteristics, which set it apart from competing titles: first, it is pitched at the general public and uses simple and entertaining language. Second, it is rooted in, and makes frequent reference to, recent academic research, based on content for a graduate level course. Third, the author thinks 'out of the box' in order to describe the possible evolution of central banks (including the prospect of their disappearance), and not only the status quo. 

Table of Contents

Chapter 1. money and central banks; Chapter 2. how monetary policy works: the mainstream model; Chapter 3. three questions on the mainstream model; Chapter 4. the zero lower bound problem; Chapter 5 – financial stability and the lender of last resort function of central banks; Chapter 6: will paper currency disappear and will this be a problem?; Chapter 7. will we ever have a global central bank?; Chapter 8. will central banks disappear?

 

 

About the Author

Livio Stracca is the Head of International Policy Analysis at the European Central Bank and Adjunct Professor at the University of Frankfurt J.W. Goethe, Germany. The views expressed belong to the author and are not necessarily shared by the European Central Bank.

Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS001010
BUSINESS & ECONOMICS / Accounting / Financial
BUS001030
BUSINESS & ECONOMICS / International / Accounting
BUS004000
BUSINESS & ECONOMICS / Banks & Banking
BUS008000
BUSINESS & ECONOMICS / Business Ethics
BUS017000
BUSINESS & ECONOMICS / Corporate Finance
BUS027000
BUSINESS & ECONOMICS / Finance
BUS036000
BUSINESS & ECONOMICS / Investments & Securities
BUS045000
BUSINESS & ECONOMICS / Money & Monetary Policy
BUS051000
BUSINESS & ECONOMICS / Public Finance
BUS069020
BUSINESS & ECONOMICS / International / Economics
BUS070140
BUSINESS & ECONOMICS / Industries / Financial Services
BUS079000
BUSINESS & ECONOMICS / Government & Business
BUS104000
BUSINESS & ECONOMICS / Corporate Governance