Book contents
- The Changing Fortunes of Central Banking
- The Changing Fortunes of Central Banking
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Acknowledgement
- 1 Introduction and Overview
- Part I Monetary Economics and Policy
- Part II Financial Stability and Regulatory Policy
- Part III Foreign Exchanges and International Architecture
- Part IV The Millennium Challenges of Central Banks
- 19 Overburdened Central Banks
- 20 Central Banks, National Balance Sheets and Global Balance
- 21 Recognising the Economy as a Complex, Adaptive System
- 22 The Changing Fortunes of Central Banking
- Index
- References
22 - The Changing Fortunes of Central Banking
from Part IV - The Millennium Challenges of Central Banks
Published online by Cambridge University Press: 29 March 2018
Book contents
- The Changing Fortunes of Central Banking
- The Changing Fortunes of Central Banking
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Acknowledgement
- 1 Introduction and Overview
- Part I Monetary Economics and Policy
- Part II Financial Stability and Regulatory Policy
- Part III Foreign Exchanges and International Architecture
- Part IV The Millennium Challenges of Central Banks
- 19 Overburdened Central Banks
- 20 Central Banks, National Balance Sheets and Global Balance
- 21 Recognising the Economy as a Complex, Adaptive System
- 22 The Changing Fortunes of Central Banking
- Index
- References
Summary
During the last fifty years there have been some dramatic changes in the powers, role and functions of Central Banks, with more independent power to vary interest rates in pursuit of price stability, and more powers to regulate and to supervise key financial institutions in pursuit of financial stability. This chapter discusses the underlying causes of such trends. It is, of course, far harder to guess the direction of travel over the next fifty years, but nevertheless, our crystal ball is brought into use, and various potential risks and trends outlined.
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- The Changing Fortunes of Central Banking , pp. 376 - 390Publisher: Cambridge University PressPrint publication year: 2018
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