Central Banks into the Breach: From Triumph to Crisis and the Road Ahead

Author:   Pierre L. Siklos (Professor of Economics and Director, Professor of Economics and Director, Viessmann European Research Centre, Wilfrid Laurier University, Ontario, Canada)
Publisher:   Oxford University Press Inc
ISBN:  

9780190228835


Pages:   344
Publication Date:   12 October 2017
Format:   Hardback
Availability:   To order   Availability explained
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Central Banks into the Breach: From Triumph to Crisis and the Road Ahead


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Author:   Pierre L. Siklos (Professor of Economics and Director, Professor of Economics and Director, Viessmann European Research Centre, Wilfrid Laurier University, Ontario, Canada)
Publisher:   Oxford University Press Inc
Imprint:   Oxford University Press Inc
Dimensions:   Width: 23.60cm , Height: 3.10cm , Length: 16.30cm
Weight:   0.592kg
ISBN:  

9780190228835


ISBN 10:   0190228830
Pages:   344
Publication Date:   12 October 2017
Audience:   College/higher education ,  College/higher education ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   To order   Availability explained
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

Chapter 1 Moderation Before the Storm Chapter 2 When Finance and the Real Economy Collide Chapter 3 The Anatomy of Financial Crises and the Role of Monetary Policy Chapter 4 The Decline of Simplicity and the Rise of Unorthodoxy Chapter 5 The Over-Burdened Central Bank and the Shift Away From Autonomy Chapter 6 Disquiet on All Fronts? Chapter 7 Trust, But Verify

Reviews

"""The story of the role of central banks over the last decade is fascinating, and Pierre Siklos is very well placed to tell it. His great strengths are that he understands the important links between politics and central bank operations, and he gives a proper emphasis to the important development of the macro-prudential pillar of monetary policy."" -- C.A.E. Goodhart, Professor in the Financial Markets Group, London School of Economics ""Central banks are changing. At the peak of their prestige during the Great Moderation, their target was low inflation, with financial stability and full employment expected to follow. Those expectations were disappointed by the Great Financial Crisis and the weak growth that followed. Professor Siklos' insightful analysis is recommended to those who would understand the experiences of central banks during these difficult times and their attempts to adapt to the new intellectual and structural environment."" -- John Wood, Reynolds Professor of Economics, Wake Forest University ""Yes, central banks did step ""into the breach"" during the financial crisis and, as Pierre Siklos argues persuasively in this book, found themselves in a strange new world. Siklos' scholarship and knowledge of central banking are hard to match. Few people in the world could have written this book."" -- Alan Blinder, Princeton University"


The story of the role of central banks over the last decade is fascinating, and Pierre Siklos is very well placed to tell it. His great strengths are that he understands the important links between politics and central bank operations, and he gives a proper emphasis to the important development of the macro-prudential pillar of monetary policy. <p/>-- C.A.E. Goodhart, Professor in the Financial Markets Group, London School of Economics Central banks are changing. At the peak of their prestige during the Great Moderation, their target was low inflation, with financial stability and full employment expected to follow. Those expectations were disappointed by the Great Financial Crisis and the weak growth that followed. Professor Siklos' insightful analysis is recommended to those who would understand the experiences of central banks during these difficult times and their attempts to adapt to the new intellectual and structural environment. <p/>-- John Wood, Reynolds Professor of Economics, Wake Forest University Yes, central banks did step into the breach during the financial crisis and, as Pierre Siklos argues persuasively in this book, found themselves in a strange new world. Siklos' scholarship and knowledge of central banking are hard to match. Few people in the world could have written this book. <p/>-- Alan Blinder, Princeton University


Author Information

Pierre L. Siklos is Professor of Economics, Wilfrid Laurier University. He is a Senior Fellow of the Centre for International Governance Innovation (CIGI) and a Research Fellow and member of the C.D. Howe Institute's Monetary Policy Council.

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