Name: The Long Journey of Central Bank Communication (Karl Brunner Distinguished Lec) (en Inglés)
Price: 34250.00 CLP
Availability: InStock
Author: Otmar Issing
ISBN: 9780262537858

portada The Long Journey of Central Bank Communication (Karl Brunner Distinguished Lec) (en Inglés)

Formato

Libro Físico

Editorial

Mit Press Ltd

Autor

Otmar Issing

Año

2019

Idioma

Inglés

N° páginas

104

Encuadernación

Tapa Blanda

ISBN13

9780262537858

Categorías

Banca

The Long Journey of Central Bank Communication (Karl Brunner Distinguished Lec) (en Inglés)

Otmar Issing (Autor) · Mit Press Ltd · Tapa Blanda

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Origen: Reino Unido (Costos de importación incluídos en el precio)

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Reseña del libro "The Long Journey of Central Bank Communication (Karl Brunner Distinguished Lec) (en Inglés)"

A leading economist and former central banker discusses the evolution of central bank communication from secretiveness to transparency and accountability. Central bank communication has evolved from secretiveness to transparency and accountability-from a reluctance to give out any information at all to the belief in communication as a panacea for effective policy. In this book, Otmar Issing, himself a former central banker, discusses the journey toward transparency in central bank communication. Issing traces the development of transparency, examining the Bank of England as an example of extreme reticence and European Central Bank's President Mario Draghi as a practitioner of effective communication. He argues that the ultimate goal of central bank communication is to make monetary policy more effective, and describes the practice and theory of communication as an evolutionary process. For a long time, the Federal Reserve never made its monetary policy decisions public; the European Central Bank, on the other hand, had to adopt a modern communication strategy from the outset. Issing discusses the importance of guiding expectations in central bank communication, and points to financial markets as the most important recipients of this communication. He discusses the obligations of accountability and transparency, although he notes that total transparency is a "mirage." Issing argues that the central message to the public must always be that the stability of a nation's currency is the bank's priority.