The capital needs of Central Banks

Eds. Sue Milton, Peter Sinclair. Central banks have evolved over many years, and sometimes centuries, as policy-making, not profit-making, institutions, and yet they are structured legally and financially like 'for-profit' companies of the twenty-first century. The question is what is an appropriate level of equity ...

Central banking, asset prices and financial fragility

The current literature on central banking contains two distinct branches. On the one side, research focuses on the impact of monetary policy on economic growth, unemployment, and output-price inflation, while ignoring financial aspects. On the other side, some scholars leave aside macroeconomics in order to ...

Inflation theory in economics

welfare, velocity, growth and business cycles

Monetary policy over fifty years

experiences and lessons

Edited by The Deutsche Bundesbank. This book is based on a conference celebrating the 50th anniversary of the Deutsche Bundesbank. Since the 1950s, there have been fundamental changes in the monetary order and financial systems, in our understanding of the effects of monetary policy, the ...

Bank performance

a theorical and empirical framework for the analysis of profitability, competition and efficiency

Economic literature pays a great deal of attention to the performance of banks, expressed in terms of competition, concentration, efficiency, productivity and profitability. This book provides an all-embracing framework for the various existing theories in this area and illustrates these theories with practical applications. Evaluating ...

Money and payments in theory and practice

International in scope and written by a leading young Post-Keynesian economist, this book focuses on the working of money and payments in a multi-bank settlement system within which banks and non-bank financial institutions have been expanding their operations outside their countries of incorporation. Departing from ...

Greats architects of international finance

The Bretton Woods era

Exchange rates, capital flows and policy

Understanding pensions

Monetary Unions

Theory, history, public choice

Central banking systems compared

The ECB, the pre-euro Bundesbank, and the Federal Reserve System