The Experts below are selected from a list of 321 Experts worldwide ranked by ideXlab platform
Geoffrey Wood - One of the best experts on this subject based on the ideXlab platform.
-
Central Banking in the twentieth century
Business History, 2012Co-Authors: Geoffrey WoodAbstract:Central Banking in the twentieth century, by John Singleton, Cambridge, Cambridge University Press, 2010, 350 pp., 1 b/w illus., 3 tables, £60.00 (hardback), ISBN 978-0-521-89909-3 The aim of this ...
Alan S. Blinder - One of the best experts on this subject based on the ideXlab platform.
-
The Quiet Revolution: Central Banking Goes Modern - The Quiet Revolution: Central Banking Goes Modern
Foreign Affairs, 2004Co-Authors: Alan S. BlinderAbstract:Although little noticed, the face of Central Banking has changed significantly over the past ten to fifteen years, says the author of this enlightening book. Alan S. Blinder, a former vice chairman of the Federal Reserve System and member of President Clinton's Council of Economic Advisers, shows that the changes, though quiet, have been sufficiently profound to constitute a revolution in Central Banking. Blinder considers three of the most significant aspects of the revolution. The first is the shift toward transparency: whereas Central bankers once believed in secrecy and even mystery, greater openness is now considered a virtue. The second is the transition from monetary policy decisions made by single individuals to decisions made by committees. The third change is a profoundly different attitude toward the markets, from that of stern schoolmarm to one of listener. With keenness and balance, the author examines the origins of these changes and their pros and cons.
-
the quiet revolution Central Banking goes modern
Foreign Affairs, 2004Co-Authors: Alan S. BlinderAbstract:Although little noticed, the face of Central Banking has changed significantly over the past ten to fifteen years, says the author of this enlightening book. Alan S. Blinder, a former vice chairman of the Federal Reserve System and member of President Clinton's Council of Economic Advisers, shows that the changes, though quiet, have been sufficiently profound to constitute a revolution in Central Banking. Blinder considers three of the most significant aspects of the revolution. The first is the shift toward transparency: whereas Central bankers once believed in secrecy and even mystery, greater openness is now considered a virtue. The second is the transition from monetary policy decisions made by single individuals to decisions made by committees. The third change is a profoundly different attitude toward the markets, from that of stern schoolmarm to one of listener. With keenness and balance, the author examines the origins of these changes and their pros and cons.
Gerald Epstein - One of the best experts on this subject based on the ideXlab platform.
-
An activist revival in Central Banking? Lessons from the history of economic thought and Central bank practice
The European Journal of the History of Economic Thought, 2017Co-Authors: Lilia Costabile, Gerald EpsteinAbstract:AbstractWe introduce the “minimalist–activist” spectrum as an analytical prism through which to view key aspects of Central Banking theory and practice. We focus on the activist end of this spectrum, concentrating on economic growth. We explore the theoretical roots of these ideas in the writings of Dennis Robertson. We illustrate Central Banking practice by detailing some approaches followed by Central banks pursuing economic growth and development in the decades following the Second World War. History of monetary thought, monetary theory, and analysis of Central bank practices blend together to illuminate key principles and practices of Central Banking.
-
Political Economy and Comparative Central Banking
Review of Radical Political Economics, 1992Co-Authors: Gerald EpsteinAbstract:This paper introduces a Marx-Keynes-Kalecki model of the political economy of comparative Central Banking which suggests that monetary policy is determined by four key factors: capital-labor relati...
Jörg Bibow - One of the best experts on this subject based on the ideXlab platform.
-
Europe's Quest for Monetary Stability. Central Banking Gone Astray
International Journal of Political Economy, 2006Co-Authors: Jörg BibowAbstract:This paper provides an overview of Central Banking arrangements in those European countries that have adopted the euro. Issues addressed include the structure of the "Eurosystem" and its Central Banking functions, the kind of independence granted to the system and the role of monetary policy that Central bankers have adopted for themselves, the "two-pillar policy framework," operating procedures, and actual performance since the euro's launch in 1999. The analysis concludes that, given the current macroeconomic policy regime, trends, and practices, the euro is on track for failure. (This abstract was borrowed from another version of this item.)
-
Europe's Quest for Monetary Stability: Central Banking Gone Astray
SSRN Electronic Journal, 2005Co-Authors: Jörg BibowAbstract:This paper provides an overview of Central Banking arrangements in those European countries that have adopted the euro. Issues addressed include the structure of the Eurosystem and its Central Banking functions, the kind of independence granted to the system and the role of monetary policy that Central bankers have adopted for themselves, the two-pillar policy framework, operating procedures, and actual performance since the euro's launch in 1999. The analysis concludes that, given the current macroeconomic policy regime, trends, and practices, the euro is on track for failure.
Claudio Borio - One of the best experts on this subject based on the ideXlab platform.
-
Populism, Economic Policies and Central Banking
Chapters in SUERF Studies, 2020Co-Authors: Itai Agur, Carola Binder, Cristina Bodea, Claudio Borio, Italo Colantone, Ana Carolina Garriga, Federico Favaretto, Stefan Gerlach, Ernest Gnan, Ryszard KokoszczynskiAbstract:This article synthesizes major insights from the conference, embedding them in a broader overview of populism’s interactions with economic policies and Central Banking. Section 1.1 discusses what “economic populism” might mean, and proposes a comprehensive definition. Section 1.2 offers some economic lines of reasoning for the rise of populism. Section 1.3 summarizes some ways how economic policies may counter populism. Section 1.4 explores how populism and Central Banking may affect each other. Section 1.5 summarizes and concludes.
-
Central Banking post crisis what compass for uncharted waters
Social Science Research Network, 2011Co-Authors: Claudio BorioAbstract:Introduction Central Banking will never be quite the same again after the global financial crisis. The crisis will no doubt prove to be one of those rare defining moments in the history of this institution—an institution that, from its faltering first steps in the seventeenth century, has grown to become widely regarded as indispensable. At first glance, Central banks have emerged as the great winners among policy institutions. They have been rightly hailed as saviors of the global financial system: their swift and internationally coordinated action, through liquidity support and interest rate cuts, prevented the system's implosion. And they have gained much broader powers: no one questions any longer their crucial role in financial stability, which is being hardwired into legislation, while some are regaining the regulatory and supervisory functions lost in previous decades. And yet, beneath this glittering surface, the picture is less reassuring. The crisis has shaken the foundations of the deceptively comfortable Central Banking world. Pre-crisis, the quintessential task of Central banks was seen as quite straightforward: keep inflation within a tight range through control of a short-term interest rate, and everything else will take care of itself. Everything was simple, tidy, and cozy. Post-crisis, many certainties have gone. Price stability has proven no guarantee against major financial and macroeconomic instability. Central banks have found themselves reaching well beyond interest rate policy, aggressively deploying their balance sheet in a variety of “unconventional” monetary policies. As a result, the line between monetary and fiscal policy has become blurred precisely at a time when public sector debts are ballooning and sovereign risk is rising again. And many increasingly question the very ability of Central banks to maintain inflation within acceptable ranges, notably to avoid deflation. Nor is the boom underway in the price of gold precisely a vote of confidence in the international monetary system. The years ahead will be a period of experimentation in Central Banking (Goodhart 2010). Central banks face a threefold challenge: economic, intellectual, and institutional. First, they will operate in a hostile economic environment.