As international trade has grown, the role of central banks have become more and more important, and it is now impossible to understand international trade and international economies without understanding what central banks do. These largely anonymous institutions, run by invisible but fantastically powerful men (always men), have three real functions that affect their lives. Firstly, they regulate other banks and try and stop them (unsuccessfully) from the sort of skulduggery that BCCI got up to. Secondly, they control interest rates and, therefore, the strength of the currency internationally, and the cost of mortgages and borrowing money. Thirdly, they lend money to governments. This book goes behind the doors of these all-powerful institutions where gold is stored and millions and millions (and billions) are traded daily. It is a story about little-known and largely invisible powerbrokers.
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"Far too little is understood generally about the role and responsibilities, let alone the capabilities, of contemporary central banks," say Dean, an economic consultant, and Pringle, director of an economic research and consulting firm. The authors seek to correct this by thoroughly covering the current state of the 20th-century phenomenon of central banks in terms of the European Central Bank (Maastricht Treaty), the collapse of the European exchange rate mechanism, and the growing independence of many Asian central banks. The authors cover such increasingly vital central bank operations as exchange rates, interest rates, money supply, inflation control, and price and currency stability from a world perspective induced by global competition and technological advances such as telephone banking and electronic means of payment. Despite the apparent abstruseness of the topic, the authors make the concepts accessible and try to show how this globalized, deregulated system holds together and where it is headed. Business collections will want this.
Alex Wenner, Indiana Univ. Libs., Bloomington
Copyright 1995 Reed Business Information, Inc.
A knowledgeable assessment of a secretive, sometimes arrogant fraternity, this report lifts the veil of obfuscation surrounding central banks (e.g., the U.S. Federal Reserve, Germany's Bundesbank, Bank of England), which regulate a nation's money supply, issue currency and monitor banks and other financial institutions. Deane, the Economist's former deputy business editor, and Pringle, former editor-in-chief of Banker, contend that central banks' power and influence have risen during the past decade. This increasing freedom from governmental interference, they add, has brought risks such as currency competition and a greater potential for fraud and corruption, but also a growing involvement in policy issues such as the reconstruction of emerging democracies in Central and Eastern Europe and the formation of the European Union. Covering central banking from China and Japan to South Africa to the Third World, this survey draws lessons for citizens who want to make central banks more accountable to the public in achieving price stability.
Copyright 1994 Reed Business Information, Inc.
Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.
Descrizione libro Hamish Hamilton, 1994. Condizione libro: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. In good all round condition. Dust Jacket in good condition. Codice libro della libreria 5931962
Descrizione libro Hamish Hamilton Ltd, 1994. Condizione libro: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. With usual stamps and markings, In good all round condition. Dust Jacket in good condition. Codice libro della libreria 5892387
Descrizione libro Hamish Hamilton Ltd 06/10/1994, 1994. Hardcover. Condizione libro: Very Good. A lot of light scratches and slight shelf wear on jacket. Content is fine. Book. Codice libro della libreria 090343-7