'In the aftermath of the crisis, redesigning the institutional framework governing money and finance to foster financial stability has become a priority. This volume brings together key contributions that help elucidate the economic and political complexity that must be addressed to improve the governance of central banks and their contribution to economic and financial stability.'
- Athanasios Orphanides, Professor of the Practice of Global Economics and Management, MIT Sloan School of Management
There has been a recent evolution in the relationship between modern monetary policy and central banking, visible in the now merged study of public economic choices made every day and the features of monetary architectures and institutions. Though previously separate focuses, these are now accepted by academic scholars and policymakers to be two critical areas that are intrinsically linked.
Modern Monetary Policy and Central Bank Governance explores this change by bringing together the best research from experts in the field to achieve a comprehensive examination of the subject, innovatively addressing its two critical angles in a single volume.