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OverviewThis open access book gives a concise introduction to the practical implementation of monetary policy by modern central banks. It describes the conventional instruments used in advanced economies and the unconventional instruments that have been widely adopted since the financial crisis of 2007–2008. Illuminating the role of central banks in ensuring financial stability and as last resort lenders, it also offers an overview of the international monetary framework. A flow-of-funds framework is used throughout to capture this essential dimension in a consistent and unifying manner, providing a unique and accessible resource on central banking and monetary policy, and its integration with financial stability. Addressed to professionals as well as bachelors and masters students of economics, this book is suitable for a course on economic policy. Useful prerequisites include at least a general idea of the economic institutions of an economy, and knowledge of macroeconomics and monetary economics, but readers need not be familiar with any specific macroeconomic models. Full Product DetailsAuthor: Ulrich Bindseil , Alessio FotiaPublisher: Springer Nature Switzerland AG Imprint: Springer Nature Switzerland AG Edition: 1st ed. 2021 Weight: 0.454kg ISBN: 9783030708832ISBN 10: 3030708837 Pages: 128 Publication Date: 19 May 2021 Audience: Professional and scholarly , College/higher education , Professional & Vocational , Postgraduate, Research & Scholarly Format: Paperback Publisher's Status: Active Availability: Manufactured on demand We will order this item for you from a manufactured on demand supplier. Table of ContentsReviewsAuthor InformationUlrich Bindseil joined Deutsche Bundesbank in 1994 and the ECB in 1999. He has been the head of risk management, the head of market operations, and since 2019 the head of market infrastructures and payments. He has been an honorary Professor at TU Berlin since 2010. Alessio Fotia has studied philosophy at the University of Trento in Italy, and Economics at the Freie Universität Berlin, where he is a student in the M.Sc. Economics programme. Tab Content 6Author Website:Countries AvailableAll regions |