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Long Journey of Central Bank Communication


Disponibilitate: LIVRARE IN 2-4 SAPTAMANI (produsul este livrat din Marea Britanie)

SKU:
9780262537858

150,99 RON
Okian.ro este o LIBRARIE online de carte in limba engleza.
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.

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Autor Issing, Otmar (President, Geothe University Frankfurt)
Editura MIT Press Ltd
Dimensiuni 199 x 131 x 8
Data Publicarii 24/09/2019
Format Necartonata
Numar pagini 104
Descriere RO Un economist de varf si fost bancher central discuta despre evolutia comunicarii bancii centrale de la secretivitate la transparenta si responsabilitate. Comunicarea bancii centrale a evoluat de la secretivitate la transparenta si responsabilitate - de la reticenta de a oferi orice informatii pana la credinta in comunicare ca un panaceu pentru o politica eficienta.
Aceasta este o carte in limba engleza. Descrierea cartii (tradusa din engleza cu Google Translate) este in limba romana din motive legale.
Un economist de varf si fost bancher central discuta despre evolutia comunicarii bancii centrale de la secretivitate la transparenta si responsabilitate. Comunicarea bancii centrale a evoluat de la secretivitate la transparenta si responsabilitate - de la reticenta de a oferi orice informatii pana la credinta in comunicare ca un panaceu pentru o politica eficienta.
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