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The Past and Future of Central Bank Cooperation: (Studies in Macroeconomic History)

The Past and Future of Central Bank Cooperation: (Studies in Macroeconomic History)


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About the Book

This book explores the past and future of central bank cooperation. In today's global economy, the cooperation between central banks is a key element in maintaining or restoring monetary and financial stability, thereby ensuring a smooth functioning of the international financial system. In this book, economists, historians, and political scientists look back at the experience of central bank cooperation during the past century - at its goals, nature, and processes and at its successes and failures - and draw lessons for the future. Particular attention is devoted to the role played by central bank cooperation in the formulation of minimum capital standards for internationally active banks (the Basel Capital Accord, Basel II), and in the process of European monetary unification and the introduction of the Euro.

Table of Contents:
Introduction: past and future of central bank co-operation Piet Clement; 1. One hundred and thirty years of central bank cooperation: a BIS perspective Claudio Borio and Gianni Toniolo; 2. Almost a century of central bank cooperation Richard N. Cooper; 3. Architects of stability? International co-operation among financial supervisors Ethan B. Kapstein; 4. Central banks, governments and the European monetary unification process Alexandre Lamfalussy; 5. The future of central bank cooperation Beth Simmons; 6. Interdependence and co-operation: an endangered pair? Tommaso Padoa-Schioppa.

Review :
Review of the hardback: 'Central banks play as central a role in economic welfare and financial stability today as they have ever played. And globalization makes cooperation among monetary and financial authorities even more crucial than before. This volume throws valuable new light on the way cooperation has been conducted in the past and on some of the key issues that will confront central bank collaboration in the future.' Sir Andrew Crockett, President, JP Morgan Chase International Review of the hardback: 'This clear and well researched book on 130 years of central bank cooperation will be a unique tool for historians and economists. It doesn't discuss the desirability of cooperation but it explains how it worked (or, in some cases, did not work).' Jacques de Larosière, Former President, European Bank for Reconstruction and Development Review of the hardback: 'It offers a valuable insight into the world of central bank cooperation, both past and future, and how the past is shaping the future.' Journal of Financial History Review


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Product Details
  • ISBN-13: 9780511510779
  • Publisher: Cambridge University Press
  • Publisher Imprint: Cambridge University Press (Virtual Publishing)
  • Language: English
  • ISBN-10: 0511510772
  • Publisher Date: 07 Aug 2009
  • Binding: Digital download and online
  • Series Title: Studies in Macroeconomic History


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The Past and Future of Central Bank Cooperation: (Studies in Macroeconomic History)
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