Banking on the Future: The Fall and Rise of Central Banking by Howard Davies and David Green
Published By: Princeton and Oxford: Princeton University Press ISBN: 978-0-691-13864-0 Date of Publication: 2010
Book Review Detail
Rakesh Mohan of Yale University
Review DOI: 10.1257/jel.49.3.719.r7 Review Pages: 730-33
Book Review Abstract
Rakesh Mohan of Yale University reviews "Banking on the Future: The Fall and Rise of Central Banking" by Howard Davies and David Green. The EconLit Abstract of the reviewed work begins "Explores what central banks are for, their role in the functioning of market economies and how they can best fulfill that role, and whether recent experience and historic perspective point to the need for further reappraisal and reform, focusing on the wider political and institutional framework in which they operate. Discusses what central banking is and why it is important; monetary stability; financial stability; financial infrastructure; asset prices; structure, status, and accountability; Europe--a special case; central banking in emerging market countries; financial resources, costs, and efficiency; international cooperation; leadership; and an agenda for change. Davies is Director of the London School of Economics and Political Science. Green has worked for nearly forty years as a central banker and financial regulator. Index."