Overview

The concept of an independent central bank is currently the focus of much interest. The justification for independence lies in the belief that, insulated from short-term economic pressures, it will be in a position to pursue more effectively long-term economic goals. However, others believe that holding the political authorities responsible for the attainment of economic goals is a surer guarantee of their attainment. In this volume, a number of issues associated with, or of concern to, central banks are surveyed. These include developments at international financial institutions and regional developments affecting central banks, including the progress of the EC toward monetary union, the ongoing transformation of Eastern European economies, economic reform in Latin America and the resolution of the debt crisis.

Full Product Details

Author:   International Monetary Fund ,  Robert C. Effros
Publisher:   International Monetary Fund (IMF)
Imprint:   International Monetary Fund (IMF)
Weight:   1.043kg
ISBN:  

9781557754981

ISBN 10:   1557754985
Pages:   648
Publication Date:   30 November 1999
Audience:   College/higher education ,  Professional and scholarly ,  Postgraduate, Research & Scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

Developments at the International Monetary Fund; developments at the International Bank for Reconstruction and Development - effectiveness of legal reform; developments at the International Finance Corporation; developments at the Inter-American Development Bank; European economic and monetary union; EC directives on investment services and the capital adequacy of investment firms and credit institutions; developments in Central and Eastern Europe and the Russian Federation; the debt crisis and its resolution; legal aspects of economic reform in Latin America - the case of Chile; developments in the US banking scene - the S&L crisis and bank failure; prospects for banking reform in the United States; the decline of national treatment in US financial services trade policy; banking law developments in the UK; overview of developments in Canadian financial services law; independence of central banks; government securities market regulation - the case of Salomon brothers; anatomy of an international banking scandal; work of the Basle Committee; salient features of the UNCITRAL Bills and Notes Convention.

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