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The Past and Future of Central Bank Cooperation

Paperback / softback

Main Details

Title The Past and Future of Central Bank Cooperation
Authors and Contributors      Edited by Claudio Borio
Edited by Gianni Toniolo
Edited by Piet Clement
SeriesStudies in Macroeconomic History
Physical Properties
Format:Paperback / softback
Pages:260
Dimensions(mm): Height 229,Width 152
Category/GenreInternational finance
Banking
ISBN/Barcode 9780521187572
ClassificationsDewey:332.15
Audience
Tertiary Education (US: College)
Illustrations Worked examples or Exercises

Publishing Details

Publisher Cambridge University Press
Imprint Cambridge University Press
Publication Date 17 February 2011
Publication Country United Kingdom

Description

This book explores the past and future of central bank cooperation. In today's global economy, the cooperation between central banks is a key element in maintaining or restoring monetary and financial stability, thereby ensuring a smooth functioning of the international financial system. In this book, economists, historians, and political scientists look back at the experience of central bank cooperation during the past century - at its goals, nature, and processes and at its successes and failures - and draw lessons for the future. Particular attention is devoted to the role played by central bank cooperation in the formulation of minimum capital standards for internationally active banks (the Basel Capital Accord, Basel II), and in the process of European monetary unification and the introduction of the Euro.

Reviews

Review of the hardback: 'Central banks play as central a role in economic welfare and financial stability today as they have ever played. And globalization makes cooperation among monetary and financial authorities even more crucial than before. This volume throws valuable new light on the way cooperation has been conducted in the past and on some of the key issues that will confront central bank collaboration in the future.' Sir Andrew Crockett, President, JP Morgan Chase International Review of the hardback: 'This clear and well researched book on 130 years of central bank cooperation will be a unique tool for historians and economists. It doesn't discuss the desirability of cooperation but it explains how it worked (or, in some cases, did not work).' Jacques de Larosiere, Former President, European Bank for Reconstruction and Development Review of the hardback: 'It offers a valuable insight into the world of central bank cooperation, both past and future, and how the past is shaping the future.' Journal of Financial History Review