What are the conditions that gave rise to the change in central banks? Without recourse to ideological arguments, Chorafas derives lessons from current economic and financial challenges as well as failures in confronting them. Through this approach, The Changing Role of Central Banks brings into perspective financial, political and social reactions to major economic problems of the last ten years, particularly those pertaining to money and initiatives taken by central banks, and the parallel challenge of bank regulation.These include insurance companies, credit card companies, postal banks, department stores with credit lines, ... In the early seventeenth century, for instance, the Bank of Amsterdam was a public bank, a deposit bank, and an exchange bank.
|Title||:||The Changing Role of Central Banks|
|Author||:||Dimitris N. Chorafas|
|Publisher||:||Palgrave Macmillan - 2013-09-05|