Understanding the changing role of central banks and the policies they pursue is absolutely essential for analysing a wide range of economic and political issues, from the Eurozone crisis right through to the US presidential election. 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 Mervyn King, Don Kohn, Otmar Issing and William White, are joined by Charles Goodhart of the London School of Economics and Political Science, 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 financial stabilisation, whilst also giving suggestions for model strategies. This comprehensive review will appeal to central bankers, financial supervisors, academics and economists working in think tanks.
