Designing Central Banks

Edited by David Mayes, Geoffrey E Wood

© 2011 – Routledge

272 pages | 13 B/W Illus.

Purchasing Options:
Paperback: 9780415696548
pub: 2011-08-17
US Dollars$54.95
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Hardback: 9780415476164
pub: 2009-08-07
US Dollars$170.00
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About the Book

The activities of central banks are relevant to everyone in society. This book starts by considering how and why in general central banks evolved and specifically the special aspects of the contribution of the Northern European Central Banking Tradition. With that foundation, the book will then turn to a series of contemporary themes. Firstly, this book looks at independence, how central banks can actually influence their respective economies, goals, responsibilities and governance.

This collection of papers, formulated from the joint conference of the Bank of Finland and the Deutsche Bundesbank in November 2007, will help motivate continuing research into the institutional design of central banks and promote a better understanding of the many challenges central banks are facing today. This volume gives a detailed perspective on the benefits of price stability and central bank independence and, due to the advances in macroeconomic theory, has prompted a substantial rethink on central banks’ institutional design.

With contributions from such scholars as Anne Sibert and Forrest Capie and a foreword by Erkki Liikanen and Professor Axel A. Weber, this volume will be useful reading for monetary economists around the world as well as all those with an interest in central banks and banking more generally.

About the Editors

David Mayes is David Mayes is Advisor to the Board of the Bank of Finland in Helsinki.

Geoffrey Wood is Professor of Economics at Cass Business School, UK.

About the Series

Routledge International Studies in Money and Banking

This series explores the roles of money and banking in the modern world. Banking is an increasingly important and international industry, and its interaction with money is a major concern for the world's economic policy-makers.

Learn more…

Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS004000
BUSINESS & ECONOMICS / Banks & Banking
BUS022000
BUSINESS & ECONOMICS / Economic Conditions
BUS031000
BUSINESS & ECONOMICS / Inflation
BUS039000
BUSINESS & ECONOMICS / Economics / Macroeconomics
BUS069000
BUSINESS & ECONOMICS / Economics / General