Central banking in the twentieth century / John Singleton.

Format:

Book

Author/Creator:

Singleton, John, 1960- author.

Language:

English

Subjects (All):

Banks and banking, Central--History.

Banks and banking, Central.

Physical Description:

1 online resource (xii, 337 pages) : digital, PDF file(s).

Place of Publication:

Cambridge : Cambridge University Press, 2011.

Language Note:

English

Summary:

Central banks are powerful but poorly understood organisations. In 1900 the Bank of Japan was the only central bank to exist outside Europe but over the past century central banking has proliferated. John Singleton here explains how central banks and the profession of central banking have evolved and spread across the globe during this period. He shows that the central banking world has experienced two revolutions in thinking and practice, the first after the depression of the early 1930s, and the second in response to the high inflation of the 1970s and 1980s. In addition, the central banking profession has changed radically. In 1900 the professional central banker was a specialised type of banker, whereas today he or she must also be a sophisticated economist and a public official. Understanding these changes is essential to explaining the role of central banks during the recent global financial crisis.

Contents:

A beginner's guide to central banking

Very boring guys?

Wind in the willows: the small world of central banking c.1900

Something for everyone: new central banks, 1900-1939

A series of disasters: central banking, 1914-1939

The mysteries of central bank cooperation

The first central banking revolution

No time for cosmic thinkers: central banking in the 'Keynesian' era

Rekindling central bank cooperation in the Bretton Woods era

The goose that lays the golden egg: central banking in developing countries

The horse of inflation

The second central banking revolution: independence and accountability

Reputations at stake: financial deregulation and instability

Inflation targeting: the Holy Grail?

The long march to European monetary integration

A world with half a million central bankers.

Notes:

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Includes bibliographical references and index.

ISBN:

0-511-99394-3

1-107-21965-5

1-282-96706-1

9786612967061

0-511-99172-X

0-511-99074-X

0-511-99270-X

0-511-98895-8

0-511-78205-5

0-511-98714-5

OCLC:

700706292