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OverviewCentral banking is being turned upside down by innovations such as securitization, complex options dealings and Euro-asset transactions that are denationalizing money and making it impossible for central banks to regulate costs of capital. Nor can central banks modulate business cycles in open economies; study of banking policy and business fluctuations suggests that the 'real' importance of bank-credit changes has long been exaggerated. The new art of central banking may culminate in masterly inactivity. Full Product DetailsAuthor: M L BursteinPublisher: Palgrave Macmillan Imprint: Palgrave Macmillan Edition: 1st ed. 1991 Dimensions: Width: 14.00cm , Height: 1.60cm , Length: 21.60cm Weight: 0.360kg ISBN: 9781349116287ISBN 10: 1349116289 Pages: 260 Publication Date: 01 January 1991 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: Manufactured on demand We will order this item for you from a manufactured on demand supplier. Table of ContentsReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
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