bokomslag The New Art of Central Banking
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The New Art of Central Banking

M L Burstein

Pocket

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  • 260 sidor
  • 1991
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.
  • Författare: M L Burstein
  • Illustratör: 260 p XV
  • Format: Pocket/Paperback
  • ISBN: 9781349116287
  • Språk: Engelska
  • Antal sidor: 260
  • Utgivningsdatum: 1991-01-01
  • Förlag: Palgrave Macmillan