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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
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Authors and Contributors |
Edited by Claudio Borio
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Edited by Gianni Toniolo
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Edited by Piet Clement
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Series | Studies in Macroeconomic History |
Physical Properties |
Format:Paperback / softback | Pages:260 | Dimensions(mm): Height 229,Width 152 |
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Category/Genre | International finance Banking |
ISBN/Barcode |
9780521187572
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Classifications | Dewey:332.15 |
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Audience | Tertiary Education (US: College) | |
Illustrations |
Worked examples or Exercises
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Publishing Details |
Publisher |
Cambridge University Press
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Imprint |
Cambridge University Press
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Publication Date |
17 February 2011 |
Publication Country |
United Kingdom
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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.
ReviewsReview 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
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