Central Banking, Crises, and Global Economy

Central Banking, Crises, and Global Economy

Central Banking, Crises, and Global Economy

Central Banking, Crises, and Global Economy

Synopsis

Bridging a gap between economic theory and observed reality, this book examines the most visible central banks, the move to monetary union in Europe, the IMF's new role, the rise of managed market economies, and the elevated importance of central banks. In central banking, attention has often turned to the management of liquidity crises and the attainment of economic stability. In the global economy, the respective market economies are more interconnected, and information regarding crises in one part of the industrialized world is rapidly communicated to other nations, giving the crises themselves a more immediate impact. The information emanating from central banks at a policy level is crucial. This book aims to depict an ideal central bank for a globally connected country.
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