Central Banking and Monetary Policy Implementation

Recent geopolitical developments have generated financial disruptions that make the work of central banks increasingly consequential and more worthy of study than ever. Bringing together leading contributors, this expansive second volume draws on 13 new case studies to explore how central banks implement their monetary policy.Extending the scope of the first volume, this book presents a comprehensive overview of the approaches of, and constraints upon, central banks across Bolivia, Bulgaria, Colombia, the Eastern Caribbean Currency Union, Hungary, Iceland, Japan, North Macedonia, Qatar, Saudi Arabia, Türkiye, the United Kingdom and Venezuela. Contributors analyse the challenges these banks face when operating within global financial markets, as well as the difficulties encountered by banks of small open economies when conducting daily operations. Addressing topics such as oil dependency, fixed exchange rates and the influence of financial markets, chapters illustrate the multitudinous approaches available to central banks operating across widely varying contexts.Timely and wide-ranging, Central Banking and Monetary Policy Implementation: Volume II is an essential resource for scholars and students of financial economics and regulation, political economy and banking. The book’s real-world insights also make it a crucial read for central bankers and the financial press.