Central banks: Paradise lost

Research, Preprint English OPEN
Issing, Otmar; (2012)
  • Publisher: Goethe University, Center for Financial Studies (CFS) Frankfurt a. M.
  • Subject: Welt | E52 | E44 | E58 | Reputation | Finanzmarktkrise | Central banking, Financial stability, Monetary policy | Staatliche Information | Zentralbank | Bubbles | Geldpolitik | Inflationsbekämpfung
    • jel: jel:E52 | jel:E58 | jel:E44
      ddc: ddc:330

The focus of the paper is to analyze how the concept behind central bank policy developed over time and how the recent financial crisis and its consequences will have an influence. While the principles of the institutional arrangement for central banks (independence, cl... View more
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