Central Banking before 1800

a rehabilitation

Although central banking is today often presented as having emerged in the nineteenth or even twentieth century, it has a long and colourful history before 1800, from which important lessons for today's debates can be drawn. While the core of central banking is the ...

Monetary policy operations and the financial system

Since 2007, central banks of industrialized countries have counteracted financial instability, recession, and deflationary risks with unprecedented monetary policy operations. While generally regarded as successful, these measures also led to an exceptional increase in the size of central bank balance sheets. The book first introduces ...

Risk management for central banks and other public investors

Eds. Ulrich Bindseil, Fernando González, Evangelos Tabakis. Domestic and foreign financial assets of all central banks and public wealth funds world wide are estimated to have reached more than 10 trillion US dollars in 2007. How do these institutions manage such unprecedented growth in their ...

Monetary policy implementation

theory-past-present

The first of its kind, this book is entirely dedicated to the implementation of monetary policy: how central banks go about achieving their monetary policy targets. Monetary policy implementation has gone through tremendous changes over the last twenty years, which have witnessed the quiet end ...