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Global imbalances: Origins, Consequences and Possible Resolutions

In: Central Banks as Economic Institutions

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  • Takatoshi Ito

Abstract

The number of central banks in the world is approaching 180, a tenfold increase since the beginning of the twentieth century. What lies behind the spread of this economic institution? What underlying process has brought central banks to hold such a key role in economic life today? This book examines from a transatlantic perspective how the central bank has become the bank of banks. Thirteen distinguished economists and central bankers have been brought together to evaluate how central banks work, arrive at their policies, choose their instruments and gauge their success in managing economies, both in times of crisis and periods of growth.

Suggested Citation

  • Takatoshi Ito, 2008. "Global imbalances: Origins, Consequences and Possible Resolutions," Chapters, in: Jean-Philippe Touffut (ed.), Central Banks as Economic Institutions, chapter 7, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13295_7
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    Keywords

    Economics and Finance;

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