Reconsidering central bank independence /

Reconsidering central bank independence /

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Bibliographic Details
Author / Creator:	Du Plessis, Stan, 1972- author.
Imprint:	Cambridge : Cambridge University Press, 2024.
Description:	1 online resource (xviii, 246 pages) : digital, PDF file(s).
Language:	English
Subject:	Banks and banking, Central.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/13532194

Hidden Bibliographic Details
Other authors / contributors:	Freytag, Andreas, author. Lill, Dawie Van, 1986- author.
ISBN:	9781108681186 (ebook) 9781108493291 (hardback) 9781108717588 (paperback)
Notes:	Title from publisher's bibliographic system (viewed on 25 Apr 2024).
Summary:	Central bank independence has become one of the most widely accepted tenets of modern monetary policy. According to this view, the main role of independent central banks is to maintain price stability through the adjustment of short-term interest rates. Reconsidering Central Bank Independence argues that the global financial crisis has undermined confidence in this view as central banks increasingly have to address concerns other than price stability, such as financial stability, the need for output recovery and other broader policy goals. Large balance-sheet expansion by central banks followed the global financial crisis, which overlapped considerably with the financial policy of their respective governments. Exploring the consequences of this shift to a more diverse set of policy challenges, this book calls for a return to the consensus role for central banks and analyses what this might mean for their future independence.
Other form:	Print version: 9781108493291

Description
Summary:	Central bank independence has become one of the most widely accepted tenets of modern monetary policy. According to this view, the main role of independent central banks is to maintain price stability through the adjustment of short-term interest rates. Reconsidering Central Bank Independence argues that the global financial crisis has undermined confidence in this view as central banks increasingly have to address concerns other than price stability, such as financial stability, the need for output recovery and other broader policy goals. Large balance-sheet expansion by central banks followed the global financial crisis, which overlapped considerably with the financial policy of their respective governments. Exploring the consequences of this shift to a more diverse set of policy challenges, this book calls for a return to the consensus role for central banks and analyses what this might mean for their future independence.
Item Description:	Title from publisher's bibliographic system (viewed on 25 Apr 2024).
Physical Description:	1 online resource (xviii, 246 pages) : digital, PDF file(s).
ISBN:	9781108681186 9781108493291 9781108717588