Understanding Central Banks

AvNils Herger

Inbunden, Engelska, 2019

467 kr

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Beskrivning

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 influence over the financial system and the broad economy? Through which channels does monetary policy impact macroeconomic fundamentals such as inflation or unemployment? For example, how does a central bank alter the money supply? What are the benefits of central bank independence, and what are the up- and downsides of having a common currency? This book provides easily accessible answers to these and other questions associated with central banking.

Produktinformation

Utgivningsdatum:2019-03-01
Mått:155 x 235 x 20 mm
Vikt:468 g
Format:Inbunden
Språk:Engelska
Antal sidor:200
Förlag:Springer Nature Switzerland AG
ISBN:9783030051617
Originaltitel:Wie funktionieren Zentralbanken?

Utforska kategorier

Ekonomisk historia inom Ekonomi och Ledarskap
Finansiering inom Ekonomi och Ledarskap
Makroekonomi inom Ekonomi och Ledarskap

Mer om författaren

Dr. Nils Herger is a lecturer at the Study Center Gerzensee - the research and training center of the Swiss National Bank. His main responsibility is to organize a course program for central bankers, which is attended by participants from all over the world and enjoys an excellent international reputation. Nils Herger also teaches monetary policy and macroeconomic topics at the University of Bern. He holds a Ph.D. in economics from the University of Exeter.

Innehållsförteckning

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.