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ÔHasan CšmertÕs timely book reaches us during the prolonged conditions of the global great recession. By providing a thorough and detailed econometric analys

Financial markets exercise an enormous influence over modern economies and it is certainly not exaggerated to say that central banks are among the most importan

What is the role of central banks in ensuring financial stability? This paper addresses this controversial subject, in part by drawing on the experiences in Eur

A mixture of academic and practitioner research, this is the most detailed book available that provides an account of open market operations. With broad interna

As economic advisor to the Bank of England for many years, C. A. E. Goodhart is uniquely positioned to assess the role of the central bank in the modern financi