Understanding Central Banks

• Main Author: Herger, Nils (Author, http://id.loc.gov/vocabulary/relators/aut)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Cham : Springer International Publishing : Imprint: Springer, 2019.
• Edition: 1st ed. 2019.
• Subjects: Economics.; Macroeconomics.; Finance, Public.; Economic history.; Popular Science in Economics.; Macroeconomics/Monetary Economics//Financial Economics.; Public Finance.; Economic History.

Issues related to central banks feature regularly in economic news coverage, and in times of economic or financial crisis, especially when a commercial bank is bailed out, they become the focus of the policy debate. But what role do central banks play in a modern economy? How do central banks wield...

Table of Contents:

• Introduction
• A Brief History of Central Banks
• Money: Lubricant of the Economy
• Monetary-policy Instruments
• Money, Credit, and Banking
• The Initial and Final Effects of Monetary Policy on Inflation, Output, and (Un)employment
• Central-bank Independence
• International Monetary Policy
• Final chapter: The Past, Present, and Future of Central Banking. .