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The Quiet Revolution

By Blinder, Alan S.

Product Image: The Quiet Revolution

The Quiet Revolution

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Description
Although little noticed, the face of central banking has changed significantly over the past ten to fifteen years, says the author of this enlightening book. Alan S. Blinder, a former vice chairman of the Federal Reserve System and member of President Clinton's Council of Economic Advisers, shows that the changes, though quiet, have been sufficiently profound to constitute a revolution in central banking. Blinder considers three of the most significant aspects of the revolution. The first is the shift toward transparency: whereas central bankers once believed in secrecy and even mystery, greater openness is now considered a virtue. The second is the transition from monetary policy decisions made by single individuals to decisions made by committees. The third change is a profoundly different attitude toward the markets, from that of stern schoolmarm to one of listener. With keenness and balance, the author examines the origins of these changes and their pros and cons.
Product details
Edition:
illustrated
Number of Pages:
140
Release Date:
2004-03-01
Publication Date:
2004-04-01
Publisher:
Yale University Press
Languages:
Original: English
ISBN10:
0300100876
ISBN13:
9780300100877
GPSR Manufacturer Reference:
[email protected]
Weight:
272 g
Height:
139 cm
Width:
223 cm
Thickness:
14 cm
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Very good
Almost no signs of wear. Book pages have no markings, accessories are intact and all other media are in good condition.
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