The Role of Central Banks in Financial Stability: How Has It Changed?

Evanoff, Holthausen, Kaufman, and Kremer have compiled a resource of academic essays and articles focused on the evolving role of central banks in the stabilization of the global economy. The text is divided into six sections, first providing a general introduction, then offering a critique and an historical review of the role of central banks in financial stability, an examination of the role central banks play in asset bubbles, an overview of current, past, and potential threats to financial stability, an examination of the social productivity of the financial sector, and lastly a look a a variety of open issues in the ongoing regulatory debate. Annotation ©2014 Ringgold, Inc., Portland, OR (protoview.com)