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Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The New Art of Central Banking

The New Art of Central Banking

Paperback

AccountingEconomicsInvesting & Finance

ISBN10: 1349116289
ISBN13: 9781349116287
Publisher: Palgrave MacMillan
Published: Jan 1 1991
Pages: 260
Weight: 0.79
Height: 0.63 Width: 5.50 Depth: 8.50
Language: English
Central 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.

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Economics