The Changing Face of Central Banking: Evolutionary Trends since World War II by

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This book explores the evolution of central banks since World War II in 20 industrial countries. The study considers the mix of economic, political and institutional forces that have affected central bank behaviour and its relationship with government.

FORMATPaperback LANGUAGEEnglish CONDITIONBrand New Publisher Description

Central banks have emerged as the key players in national and international policy making. This book explores their evolution since World War II in 20 industrial countries. The study considers the mix of economic, political and institutional forces that have affected central bank behaviour and its relationship with government. The analysis reconciles vastly different views about the role of central banks in the making of economic policies. One finding is that monetary policy is an evolutionary process.

Author Biography

Pierre L. Siklos is Professor of Economics and Director of the Wiessman European Research Centre at Wilfrid Laurier University, Canada. He is the managing editor of the North American Journal of Economics and Finance, author of The Changing Face of Central Banking (Cambridge University Press, 2002), and co-editor with Richard Burdekin of Deflation: Current and Historical Perspectives (Cambridge University Press, 2004). In 2008, Professor Siklos was named to the C. D. Howe Institute's Monetary Policy Council, became chairholder of the Bundesbank Foundation of International Monetary Economics at

Table of Contents

List of figures; List of tables; Preface; 1. The institutional make-up and evolution of central bank-government relations: an introduction; 2. Legislation alone does not a central bank make: political structure, governance and reputation in monetary policy; 3. Central bank personalities and monetary policy performance; 4. Econometric analysis of central bank behavior: an evolutionary approach; 5. Contrasting quantitative and qualitative assessments of central bank behavior and the evolution of monetary policies; 6. Accountability, disclosure and conflict resolution; 7. Inflation targets versus other inflation control measures: two sides of the same coin?; 8. The changing face of central banking: epilogue; Bibliography; Index.

Review

'This book is suitable as a part of an advanced undergraduate option on monetary economics or a semester-long course on economic policy. The author's very helpful website contains data and further readings to guide more interested readers. The lack of any great technical hurdles means that the book can be read quite easily by non-specialists and therefore should also appeal to the many commentators in Whitehall, the City and the media who will want to understand some of the issues being the continuing and growing prominence of the central bank.' Economica '... a coherent overview of the developments in Central Banking in the second half of the twentieth century ... [the author] deserves compliments for creating an interesting, comprehensive (but of an academic standard) and useful book suited for a broad audience interested in Central Banking; from researchers and policy makers at Central Banks to students and academics at universities.' De Economist 'Siklos displays expert knowledge about the practice of central Banking, for instance by highlighting a huge amount of comparative examples, which makes the book very lively to read. He deserves complements for creating an interesting, comprehensive (but of an academic standard) and useful book suited for a broad audience interested in central banking; from researchers and policy makers at central Banks to students and academics at universities.' De Economist

Promotional

This book explores how central banks have emerged as the key players in national and international policy making.

Review Quote

"This is a tour de force that deserves to be the standard reference on central banking for many years to come." Economic History

Promotional "Headline"

This book explores how central banks have emerged as the key players in national and international policy making.

Description for Bookstore

This book explores the evolution of central banks since World War II in 20 industrial countries. The study considers the mix of economic, political and institutional forces that have affected central bank behaviour and its relationship with government.

Description for Library

This book explores the evolution of central banks since World War II in 20 industrial countries. The study considers the mix of economic, political and institutional forces that have affected central bank behaviour and its relationship with government.

Details ISBN0521034493 Author Pierre L. Siklos Short Title CHANGING FACE OF CENTRAL BANKI Pages 372 Publisher Cambridge University Press Series Studies in Macroeconomic History Language English ISBN-10 0521034493 ISBN-13 9780521034494 Media Book Format Paperback Year 2006 Imprint Cambridge University Press Place of Publication Cambridge Country of Publication United Kingdom Birth 1955 Affiliation Wilfrid Laurier University, Ontario Subtitle Evolutionary Trends since World War II DOI 10.1604/9780521034494 UK Release Date 2006-12-14 AU Release Date 2006-12-14 NZ Release Date 2006-12-14 Publication Date 2006-12-14 Alternative 9780511606427 DEWEY 332.1109045 Illustrations 38 Tables, unspecified; 30 Line drawings, unspecified Audience Professional & Vocational We've got this

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