The Central Banks: The International and European Directions

by William Frazer

Overview

This work is a study of the Keynes and Friedman approaches to the institutions which implement monetary and other related policies. The policy of the United States is reviewed, in part, because of the U.S.'s rather central role in developments since World War I. The exchange-rate, reserve, and capital-flow mechanisms of the central banks are discussed from an historical perspective. The major interconnections between money, credit-creating potential of central banks, and fiscal/deficit potential of government are emphasized. The principal central banks considered are the Bank of England, Federal Reserve, and Bundesbank.

Product Details

ISBN-13:	9780275947323
Publisher:	Bloomsbury Academic
Publication date:	09/29/1994
Pages:	280
Product dimensions:	6.14(w) x 9.21(h) x 0.69(d)
Lexile:	1580L (what's this?)

About the Author

WILLIAM FRAZER is a Professor in the Department of Economics, College of Business Administration, University of Florida. His publications include Power and Ideas: Milton Friedman and the Big U-Turban (two volumes), Expectations, Forecasting and Control: A Provisional Textbook on Macroeconomics (two volumes), Crisis in Economic Theory, and The Demand for Money. He was co-author with William P. Yohe of The Analytics and Institutions of Money and Banking.

Table of Contents

Illustrations
Preface
Acknowledgments
Introduction
Introduction
The Central Banks and the Respective Governments
Operations, Mechanisms, and the State
Bank Operations, Control Arrangements, and the State
The Exchange-Rate and Reserve- and Capital-Flows Mechanisms
Central Banking
Selected Central Banks and Alternative Analytical Systems
The European Monetary System, Money and Markets, and Lessons Regarding Transition
References
Index