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Introduction to central banking

This open access book gives a concise introduction to the practical implementation of monetary policy by modern central banks. It describes the conventional instruments used in advanced economies and the unconventional instruments that have been widely adopted since the financial crisis of 2007–2008. Illuminating the role of central banks in ensuring financial stability and as last resort lenders, it also offers an overview of the international monetary framework. A flow-of-funds framework is used throughout to capture this essential dimension in a consistent and unifying manner, providing a unique and accessible resource on central banking and monetary policy, and its integration with financial stability.
Addressed to professionals as well as bachelors and masters students of economics, this book is suitable for a course on economic policy. Useful prerequisites include at least a general idea of the economic institutions of an economy, and knowledge of macroeconomics and monetary economics, but readers need not be familiar with any specific macroeconomic models.

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Detail Information
Series Title
-
Call Number
332.11 BIN i
Publisher
Cham, Switzerland : Springer Open.,
Collation
xxiii, 12i8p. : ill.
Language
English
ISBN/ISSN
9783030708849
Classification
332.11
Content Type
-
Media Type
-
Carrier Type
-
Edition
-
Subject(s)
Economics
Macroeconomics
Banks and banking, Central
Specific Detail Info
-
Statement of Responsibility
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