The Quiet Revolution
Central Banking Goes Modern
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Quiet Revolution by Alan S. Blinder
Book DescriptionAlthough little noticed, the face of central banking has changed significantly over the past ten to fifteen years, says the author of this enlightening book. Alan S. Blinder, a former vice chairman of the Federal Reserve System and member of President Clinton's Council of Economic Advisers, shows that the changes, though quiet, have been sufficiently profound to constitute a revolution in central banking. Blinder considers three of the most significant aspects of the revolution. The first is the shift toward transparency: whereas central bankers once believed in secrecy and even mystery, greater openness is now considered a virtue. The second is the transition from monetary policy decisions made by single individuals to decisions made by committees. The third change is a profoundly different attitude toward the markets, from that of stern schoolmarm to one of listener. With keenness and balance, the author examines the origins of these changes and their pros and cons.
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Book DetailsISBN: 9780300100877
(216mm x 140mm x 11mm)
Imprint: Yale University Press
Publisher: Yale University Press
Publish Date: 23-Apr-2004
Country of Publication: United States
Books By Author Alan S. Blinder
Don't Count on It!, Hardback (November 2010)
Praise for Don't Count On It! "This collection of Jack Bogle's writings couldn't be more timely. The clarity of his thinking and his insistence on the relevance of ethical standards are totally relevant as we strive to rebuild a broken financial system.
Offshoring of American Jobs, Hardback (September 2009)
Two leading economists discuss a range of issues relating to the "offshoring" of American jobs, from free trade to unemployment levels.
Central Banking in Theory and Practice, Paperback (January 1999)» View all books by Alan S. Blinder
Based on the 1996 Lionel Robbins Lectures, this readable book deals succinctly, in a nontechnical manner, with a wide variety of issues in monetary policy.
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