Thirteen contributions examine the control which central banks have over financial markets, focusing on the implications of the current trend towards the granting of ＂independence＂ to central
banks and challenging economic conservatives’ arguments for increased central bank independence. Other topics include the meaning of, and possibilities for, monetary policy in an endogenous
money framework; central banking in G7 and other countries; the instabilities of the Exchange Rate Mechanism in recent years; and cautionary words concerning the proposed European Central Bank.
Annotation c. by Book News, Inc., Portland, Or.
