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OverviewThis volume offers a comprehensive examination of what central banks have done, what they can do, and what they should and should not do. The essays provide analyses of the key issues facing central banks at the dawn of the 21st century. High on this agenda are the challenges of financial innovations for the supervision and stability of financial institutions and the competition from private e-money sources in the provision of monetary and payment services. Full Product DetailsAuthor: Anthony M. Santomero , Staffan Viotti , Anders VredinPublisher: Kluwer Academic Publishers Imprint: Kluwer Academic Publishers Edition: 2001 ed. Dimensions: Width: 15.50cm , Height: 1.70cm , Length: 23.50cm Weight: 1.290kg ISBN: 9780792373469ISBN 10: 0792373464 Pages: 274 Publication Date: 31 May 2001 Audience: College/higher education , Professional and scholarly , Postgraduate, Research & Scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: In Print This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of Contents1. Challenges for Central Banking: An Introduction.- 2. Financial Stability, Regulation, Supervision, and Modern Central Banking.- 3. Regulation and the Evolution of the Financial Services Industry.- 4. Regulatory Capital and the Supervision of Financial Institutions: Some Basic Distinctions and Policy Choices.- 5. Central Bank Supervision in the Digital Age.- 6. Central Banks and Supervision with an Application to the EMU.- 7. Clearing and Settling Financial Transactions, Circa 2000.- 8. Central Banks and the Payment System.- 9. Central Banking and the Economics of Information.- 10. Designing a Monetary Authority.- 11. Maintaining Low Inflation: Rationale and Reality.- 12. Monetary Transmission Lags and the Formulation of the Policy Decision on Interest Rates.- 13. Shrinking Money and the Effectiveness of Monetary Policy.- 14. Bank Credit versus Nonbank Credit and the Supply of Liquidity by the Central Bank.Reviews`This volume offers a comprehensive examination of what central banks have done, what they can do and, most importantly, what they should and should not do. The essays provide penetrating analyses of the key issues facing central banks at the dawn of a new century. High on this agenda are the challenges of financial innovations for the supervision and stability of financial institutions and the competition from private e-money sources in the provision of monetary and payment services.' R.S. Kroszner, Professor of Economics, Graduate School of Business, University of Chicago `What should central bankers do in a world where banks are buffeted by competition and technological change? The articles in this book, written in lucid prose by some of the best researchers in the area, reflect the latest thinking on the question. The book is a `must read' for anyone interested in banking and monetary policy.' R. Rajan, J.L. Gidwitz Professor of Finance, Graduate School of Business, University of Chicago `Challenges for Central Banking brings together the contributions of a selected group of economists on key issues in the monetary stability and the financial stability role of central banks. It will be very valuable reading for both central bankers and academics interested in monetary policy and banking regulation and supervision.' R. Repullo, Professor of Economics and Director, CEMFI 'This volume offers a comprehensive examination of what central banks have done, what they can do and, most importantly, what they should and should not do. The essays provide penetrating analyses of the key issues facing central banks at the dawn of a new century. High on this agenda are the challenges of financial innovations for the supervision and stability of financial institutions and the competition from private e-money sources in the provision of monetary and payment services.' R.S. Kroszner, Professor of Economics, Graduate School of Business, University of Chicago 'What should central bankers do in world where banks are buffeted by competition and technological change? The articles in this book, written in lucid prose by some of the best researchers in the area, reflect the latest thinking on the question. The book is a 'must read' for anyone interested in banking and monetary policy.' R. Rajan, J. L. Gidwitz Professor of Finance, Graduate School of Business, University of Chicago 'Challenges for Central Banking brings together the contributions of a selected group of economists on key issues in the monetary stability and the financial stability role of central banks. It will be very valuable reading for both central bankers and academics interested in monetary policy and banking regulation and supervision.' R. Repullo, Professor of Economics and Director, CEMFI `This volume offers a comprehensive examination of what central banks have done, what they can do and, most importantly, what they should and should not do. The essays provide penetrating analyses of the key issues facing central banks at the dawn of a new century. High on this agenda are the challenges of financial innovations for the supervision and stability of financial institutions and the competition from private e-money sources in the provision of monetary and payment services.' R.S. Kroszner, Professor of Economics, Graduate School of Business, University of Chicago `What should central bankers do in a world where banks are buffeted by competition and technological change? The articles in this book, written in lucid prose by some of the best researchers in the area, reflect the latest thinking on the question. The book is a `must read' for anyone interested in banking and monetary policy.' R. Rajan, J.L. Gidwitz Professor of Finance, Graduate School of Business, University of Chicago `Challenges for Central Banking brings together the contributions of a selected group of economists on key issues in the monetary stability and the financial stability role of central banks. It will be very valuable reading for both central bankers and academics interested in monetary policy and banking regulation and supervision.' R. Repullo, Professor of Economics and Director, CEMFI Author InformationTab Content 6Author Website:Countries AvailableAll regions |
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