The Changing Role of Central Banks

What are the conditions that gave rise to the change in central banks? Without recourse to ideological arguments, Chorafas derives lessons from current economic and financial challenges as well as failures in confronting them. Through this approach, The Changing Role of Central Banks brings into perspective financial, political and social reactions to major economic problems of the last ten years, particularly those pertaining to money and initiatives taken by central banks, and the parallel challenge of bank regulation.

Dimitris N. Chorafas has served on the faculty of the Catholic University of America and as Visiting Professor at Washington State University, George Washington University, University of Vermont, University of Florida, and Georgia Institute of Technology in the United States, as well as the University of Alberta, Technical University of Karlsruhe, Ecole d'Etudes Industrielles de l'Université de Genève, Ecole Polytechnic Fédérale de Lausanne, Polish Academy of Sciences and Russian Academy of Sciences world-wide. More than 8,000 banking, industrial and government executives have participated in his seminars in the United States, England, Germany, Italy, other European countries, Asia and Latin America. Chorafas is the author of 160 books, some of which have been translated into 16 languages.

Chapter 1
Queen Elisabeth II and the Economists
Chapter 2
Money
Chapter 3
Monetary Policy
Chapter 4
Currency Exchange in a Globalized World
Chapter 5
Preserving the Value of Money
Chapter 6
Central Banks Are Reserve Institutions