Central Banking in the Twentieth Century
Central Banking in the Twentieth Century by John Singleton, published by Cambridge University Press on November 25, 2010, is a comprehensive examination of the evolution of central banks over the past century. This 350-page book delves into the development and proliferation of central banking institutions, highlighting the significant transformations in both thought and practice that have occurred since the early 1900s. Singleton discusses the historical context, beginning with the Bank of Japan as the sole central bank outside Europe and tracing the global expansion of these organizations.
Readers will find an insightful analysis of how central banks have adapted to major economic challenges, including the Great Depression of the 1930s and the high inflation periods of the 1970s and 1980s. Singleton emphasizes the shift in the role of central bankers from specialized bankers to multifaceted professionals who must navigate complex economic landscapes. The book also addresses the implications of these changes for understanding the function of central banks during recent financial crises, making it a valuable resource for those interested in business and economics, economic history, and the banking sector.
Official synopsis Publisher
Central banks are powerful but poorly understood organisations. In 1900 the Bank of Japan was the only central bank to exist outside Europe but over the past century central banking has proliferated. John Singleton here explains how central banks and the profession of central banking have evolved and spread across the globe during this period. He shows that the central banking world has experienced two revolutions in thinking and practice, the first after the depression of the early 1930s, and the second in response to the high inflation of the 1970s and 1980s. In addition, the central banking profession has changed radically. In 1900 the professional central banker was a specialised type of banker, whereas today he or she must also be a sophisticated economist and a public official. Understanding these changes is essential to explaining the role of central banks during the recent global financial crisis.
Author
Publisher
Topics
FAQ
What is “Central Banking in the Twentieth Century” about?
Who is the author of “Central Banking in the Twentieth Century”?
When was “Central Banking in the Twentieth Century” published?
What is the ISBN for “Central Banking in the Twentieth Century”?
What are the book details (language, pages, edition)?
