The Quiet Revolution

Central Banking Goes Modern

Business & Finance, Finance & Investing, Banks & Banking
Cover of the book The Quiet Revolution by Alan S. Blinder, Yale University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Alan S. Blinder ISBN: 9780300127508
Publisher: Yale University Press Publication: October 1, 2008
Imprint: Yale University Press Language: English
Author: Alan S. Blinder
ISBN: 9780300127508
Publisher: Yale University Press
Publication: October 1, 2008
Imprint: Yale University Press
Language: English

Although 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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Although 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.

More books from Yale University Press

Cover of the book Packing My Library by Alan S. Blinder
Cover of the book John Brown's Spy by Alan S. Blinder
Cover of the book Picturing War in France, 1792†“1856 by Alan S. Blinder
Cover of the book The Kremlin Letters by Alan S. Blinder
Cover of the book The Empirical Stance by Alan S. Blinder
Cover of the book The Letters of T. S. Eliot by Alan S. Blinder
Cover of the book Losing It: In which an Aging Professor laments his shrinking Brain�.' by Alan S. Blinder
Cover of the book Belonging and Genocide: Hitler's Community, 1918-1945 by Alan S. Blinder
Cover of the book Memory Lands by Alan S. Blinder
Cover of the book California Dreaming by Alan S. Blinder
Cover of the book Five Operas and a Symphony by Alan S. Blinder
Cover of the book The Rise of Thomas Cromwell by Alan S. Blinder
Cover of the book What Stalin Knew by Alan S. Blinder
Cover of the book Dignity: The Essential Role It Plays in Resolving Conflict by Alan S. Blinder
Cover of the book The Art of Peacemaking by Alan S. Blinder
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy