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Understanding Central Banks

  • Book
  • © 2019

Overview

Authors:
  1. Nils Herger

    1. Department of Economics, University of Bern, Bern, Switzerland

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  • Helps the reader understand the role central banks play in modern economies

  • Fills a gap in explaining the role of central banks, their historical development and the effects of montary policy in an intuitive manner

  • Written for the general audience and for students in economics, political science, law, history etc

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Table of contents (9 chapters)

  1. Front Matter

    Pages i-xi
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  2. Introduction

    • Nils Herger
    Pages 1-8

  3. A Brief History of Central Banks

    • Nils Herger
    Pages 9-42

  4. Money: Lubricant of the Economy

    • Nils Herger
    Pages 43-64

  5. Monetary-Policy Instruments

    • Nils Herger
    Pages 65-82

  6. Money, Credit, and Banking

    • Nils Herger
    Pages 83-111

  7. The Initial and Final Effects of Monetary Policy on Inflation, Output, and (Un)employment

    • Nils Herger
    Pages 113-134

  8. Central-Bank Independence

    • Nils Herger
    Pages 135-151

  9. International Monetary Policy

    • Nils Herger
    Pages 153-181

  10. Final Chapter: The Past, Present, and Future of Central Banking

    • Nils Herger
    Pages 183-186

  11. Back Matter

    Pages 187-200
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Keywords

About this book

Issues related to central banks feature regularly in economic news coverage, and in times of economic or financial crisis, especially when a commercial bank is bailed out, they become the focus of the policy debate. But what role do central banks play in a modern economy? How do central banks wield influence over the financial system and the broad economy? Through which channels does monetary policy impact macroeconomic fundamentals such as inflation or unemployment? For example, how does a central bank alter the money supply? What are the benefits of central bank independence, and what are the up- and downsides of having a common currency? This book provides easily accessible answers to these and other questions associated with central banking.

Authors and Affiliations

  • Department of Economics, University of Bern, Bern, Switzerland

    Nils Herger

About the author

Dr. Nils Herger is a lecturer at the Study Center Gerzensee - the research and training center of the Swiss National Bank. His main responsibility is to organize a course program for central bankers, which is attended by participants from all over the world and enjoys an excellent international reputation. Nils Herger also teaches monetary policy and macroeconomic topics at the University of Bern. He holds a Ph.D. in economics from the University of Exeter.

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