Economics of Central Banking

This book provides a comprehensive analysis of central banks, aimed at demystifying them for the general public and promoting a rational debate about their role in the economy. It is pitched at the general public and rooted in recent academic research, offering a unique perspective on the potential evolution of central banks.

Format: Paperback / softback
Length: 144 pages
Publication date: 12 April 2018
Publisher: Taylor & Francis Ltd

This comprehensive book delves into the enigmatic world of central banks, seeking to unravel their complexities and demystify them for the general public. It is a vital step towards fostering a rational and accountable debate about these institutions, which play a pivotal role in shaping the global economy. The book originates from the authors graduate lectures on Central Banking at the University of Frankfurt J.W. Goethe, and it encompasses an extensive overview of all the key questions surrounding central banks and their indispensable role in the economy. It skillfully leads the reader from the more established concepts, such as monetary theory and historical experiences, to the more challenging and controversial topics currently debated within academic and financial circles. This structured approach ensures that readers, regardless of their prior knowledge of central banks or monetary economics, can grasp the current challenges and developments in this field.

The book boasts three defining characteristics that set it apart from its competitors:

First and foremost, it is written in a clear and accessible language, making it accessible to a wide range of readers, including those without a background in economics or financial markets.

Secondly, the book is firmly rooted in recent academic research, drawing upon the latest insights and findings for a graduate-level course. This academic foundation ensures that the content is both comprehensive and up-to-date, providing readers with a deep understanding of the current state of central banking.

Thirdly, the author takes a bold and innovative approach, challenging conventional thinking and exploring the potential future evolution of central banks. The book goes beyond the status quo and presents thought-provoking scenarios, including the prospect of their disappearance, that shed light on the evolving landscape of financial regulation and monetary policy.

In conclusion, this book is a valuable resource for anyone interested in gaining a deeper understanding of central banks and their role in shaping the world economy. It offers a comprehensive analysis, rooted in academic research, and presented in a user-friendly format. By demystifying these institutions and fostering a rational debate, this book empowers readers to make informed decisions and contribute to the ongoing discussion about the future of central banking.

Weight: 238g
Dimension: 233 x 157 x 10 (mm)
ISBN-13: 9781138496712