Changing Role of Central Banks

Dimitris N. Chorafas served on the faculty of the Catholic University of America and as Visiting Professor at Washington State University, George Washington University, University of Vermont, University of Florida, and Georgia Institute of Technology in the United States, as well as the University of Alberta, Technical University of Karlsruhe, Ecole d'Etudes Industrielles de l'Université de Genève, Ecole Polytechnic Fédérale de Lausanne, Polish Academy of Sciences and Russian Academy of Sciences. More than 8,000 banking, industrial and government executives participated in his seminars in the United States, England, Germany, Italy, other European countries, Asia and Latin America. Chorafas is the author of 160 books, translated into several languages world-wide.

"Dimitris Chorafas once again takes a complex topic and explains it in an engaging and accessible manner. The Changing Role of Central Banks takes a tough and unvarnished look at global interdependencies and how unfettered central banks with the best of intentions feed these interdependencies. This should be on the shelf of policymakers, political economists, and ordinary people who want to understand financial crises and the new world order created and accelerated by them." - Christopher L. Tucci, Professor of Management of Technology and Chair in Corporate Strategy & Innovation, Ecole Polytechnique Federale de Lausanne, Switzerland

• 1. Queen Elisabeth II and the Economists 2. Money 3. Monetary Policy 4. Currency Exchange in a Globalized World 5. Preserving the Value of Money 6. Central Banks Are Reserve Institutions