Understanding the changing role of central banks and the novel policies they have pursued recently is absolutely essential for analysing many economic, financial and political issues, ranging from financial regulation and crisis, to exchange rate dynamics and regime changes, and QE and prolonged low interest rates. This book features contributions by many of the world’s leading experts on central banking, providing in accessible essays a fascinating review of today’s key policy and research issues for central banks. Luminaries including Stephen Cecchetti, Takatoshi Ito, Anil Kashyap, Mervyn King, Donald Kohn, Otmar Issing, Hyun Shin and William White are joined by Charles Goodhart of the London School of Economics, whose many achievements in the field of central banking are honoured as the inspiration for this book. The Changing Fortunes of Central Banking discusses the developing role of central banks and the policies they pursue in seeking monetary and financial stabilisation, while also giving suggestions for model strategies. This comprehensive review will appeal to central bankers, financial supervisors, academics and economists working in think tanks.

Monetary history, monetary policy, financial stability, foreign exchange, international financial architecture
Money and Interest Rates (jel E4), Monetary Policy, Central Banking, and the Supply of Money and Credit (jel E5), International Finance (jel F3), General Financial Markets (jel G1), Financial Institutions and Services (jel G2)
Rotterdam School of Management (RSM), Erasmus University

Hartmann, P, Huang, H, & Schoenmaker, D. (2018). The Changing Fortunes of Central Banking. Retrieved from http://hdl.handle.net/1765/109090