Evolution and procedures in central banking / edited by David E. Altig, Bruce D. Smith - xii, 321 pages : illustrations,chart ; 24 cm

Includes bibliographical references and index.

Laboratory experiments with an expectational Phillips curve / Jasmina Arifovic and Thomas J. Sargent ; Commentary / James Bullard, Christopher A. Sims -- Whither central banking? / Charles Goodhart ; Commentary / Donald L. Kohn, Mark Gertler -- Monetary policy in unknown territory: the European Central Bank in early years / Jürgen von Hagen and Matthias Brückner ; Commentary / Stephen G. Cecchetti, Vitor Gaspar -- International currencies and dollarization / Alberto Trejos ; Commentary / Klaus Schmidt-Hebbel, Ross Levine -- Banking panics and the origin of central banking / Gary Gorton and Lixin Huang ; Commentary / John H. Boyd, Edward J. Green -- Establishing a monetary union in the United States / Arthur J. Rolnick, Bruce D. Smith, and Warren E. Weber ; Commentary / Neil Wallace, Bruce Champ -- Currency competition in the digital age / Randall S. Kroszner ; Commentary / Jeremy C. Stein, Jeffrey M. Lacker.

The contributions in this volume reveal much about the institutional nature of central banks. They analyze the banks' growth and development as well as desired objectives and challenges in the future. The articles tackle the issues in a variety of ways, combining historical observation with economic theory and experimentation.

9780521814270 (hardback) 9780521158282 (paperback)

2003048551


Banks and banking, Central

HG1811