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《The Great Inflation: The Rebirth of Modern Central Banking》(图)
The Great Inflation: The Rebirth of Modern Central Banking Michael D. Bordo Athanasios Orphanides
2013/11/27
Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and ...
Thoughts on Financial Stability and Central Banking
a speech Roger W. Ferguson Vice Chairman the U.S. Federal Reserve Board Financial Markets
2011/10/4
The article presents a speech by Roger W. Ferguson, Jr., Vice Chairman of the U.S. Federal Reserve Board, delivered April 17, 2006 at the Conference on Modern Financial Institutions, Financial Markets...
Reflections on Four Decades in Central Banking
a speech by Jack Guynn President and CEO of the Federal Reserve Bank Atlanta delivered several concerns
2011/10/3
The article presents a speech by Jack Guynn, President and CEO of the Federal Reserve Bank of Atlanta delivered to the Kiwanis Club of Atlanta in Atlanta, Georgia on August 22, 2006. He discusses less...
The Changing Politics of Central Banking in Taiwan and Thailand
the central banks Taiwan and Thailand the Central Bank of China economic institutions
2011/9/28
In recent decades the central banks in Taiwan and Thailand--the Central Bank of China and the Bank of Thailand--have experienced contrasting changes in their respective status within the hierarchy of ...
Outsourcing Central Banking: Lessons from Estonia
Currency board foreign banks outsourcing regional integration supervision
2011/9/27
An orthodox currency board (CB) renders central banking redundant for interest and exchange rate determination. Thereby, monetary policy is de facto outsourced. Foreign direct investment (FDI) in bank...
Policy Entrepreneurship and Institutional Change: Multilevel Governance of Central Banking Reform
institutional theory the public policy field the black box of institutional joint membership
2011/9/24
Recent studies on institutional theory and the public policy field called for efforts to pry open the black box of institutional and policy change. This article offers a response to this call. It demo...
Rethinking Central Banking—Committee on International Economic Policy and Reform
Central Banking International Economic Policy Reform
2014/3/18
The Committee on International Economic and Policy Reform is a non-partisan, independent group of experts, comprised of academics and former government and central bank officials. Its objective is to ...
CENTRAL BANKING AND THE FED:A PUBLIC CHOICE PERSPECTIVE
CENTRAL BANKING public choice Federal Reserve system
2008/12/5
This paper examines central banking in general and the Federal
Reserve system in particular from the perspective of the theory of
public choice. It is common to rationalize central banking as being
...
ACCOMMODATING CHANGES IN TFIE RELATIVE DEMAND FOR CURRENCY:FREE BANKING VS. CENTRAL BANKING
TFIE RELATIVE DEMAND CENTRAL BANKING FREE BANKING
2008/12/4
What is commonly called “money” can be held in either of two
forms. There are deposits, from which payments can be made by
check, and currency or hand-to-hand money. Even though the total
demand fo...
MELTZER’S HISTORY OF THE FEDERAL RESERVE AND THE EVOLUTION OF CENTRAL BANKING
FEDERAL RESERVE CENTRAL BANKING EVOLUTION
2008/11/9
The Great Monetary Paradox
Most conventional economists are very much aware of markets.
Indeed, a sound understanding of the function of markets and prices
is what distinguishes economists from eve...