Includes bibliographical references (pages 301-316) and index.
What is central banking and why is it important? -- Monetary stability -- Financial stability -- Financial infrastructure -- Asset prices -- Structure, status, and accountability -- Europe : a special case -- Central banking in emegering market countries -- Financial resources, costs, and efficiency -- International cooperation -- Leadership -- An agenda for change.
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The crash of 2008 revealed that the world's central banks had failed to offset the financial imbalances that led to the crisis, and lacked the tools to respond effectively. What lessons should central banks learn from the experience, and how, in a global financial system, should cooperation between them be enhanced? Banking on the Future provides a fascinating insider's look into how central banks have evolved and why they are critical to the functioning of market economies. The book asks whether, in light of the recent economic fallout, the central banking model needs radical reform. Supporte.