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Palgrave Macmillan
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Central Bank Independence, Regulations, and Monetary Policy

From Germany and Greece to China and the United States

  • Book
  • © 2018

Overview

Authors:
  1. Ranajoy Ray Chaudhuri

    1. Muhlenberg College, Allentown, PA, USA

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  • Explores how the structure and independence of central banks can affect their monetary policy
  • Compares and contrasts the central banks of ten different countries
  • Analyzes both central bank history and monetary policy conduct

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Table of contents (13 chapters)

  1. Front Matter

    Pages i-xv
    Download chapter PDF

  2. Introduction

    • Ranajoy Ray Chaudhuri
    Pages 1-8

  3. The Idea of Central Bank Independence

    • Ranajoy Ray Chaudhuri
    Pages 9-20

  4. The United States of America

    • Ranajoy Ray Chaudhuri
    Pages 21-55

  5. The United Kingdom

    • Ranajoy Ray Chaudhuri
    Pages 57-81

  6. Germany and the European Central Bank

    • Ranajoy Ray Chaudhuri
    Pages 83-117

  7. Greece

    • Ranajoy Ray Chaudhuri
    Pages 119-141

  8. The Russian Federation

    • Ranajoy Ray Chaudhuri
    Pages 143-165

  9. India

    • Ranajoy Ray Chaudhuri
    Pages 167-221

  10. China

    • Ranajoy Ray Chaudhuri
    Pages 223-254

  11. Japan

    • Ranajoy Ray Chaudhuri
    Pages 255-277

  12. Brazil

    • Ranajoy Ray Chaudhuri
    Pages 279-298

  13. South Africa

    • Ranajoy Ray Chaudhuri
    Pages 299-344

  14. Conclusion

    • Ranajoy Ray Chaudhuri
    Pages 345-354

  15. Back Matter

    Pages 355-400
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Keywords

About this book

This book examines the linkage between central bank structure, central bank autonomy—with respect to setting its monetary policy goals, choosing its policy mechanisms, legal independence, and financial independence—and monetary policy, both in select benchmark countries and at a broader theoretical level. Country-specific chapters on the US, UK, Germany, Greece, Russia, India, China, Japan, Brazil, and South Africa focus on the history, administrative structure, and independence of the central monetary authority in these countries. The chapters go on to explore the countries’ conduct of monetary policy, their interplay with political forces and the wider economy, their currency, and their macroeconomic outcomes. The book will appeal to researchers, students of economics, finance and business, as well as general readers with an interest in the subject.

Reviews

Selected by Choice magazine as an Outstanding Academic Title for 2019 

“This is a comprehensive, almost encyclopedic work about central banks in a number of countries. … Meticulously researched and extremely well written, this is a must-have for any collection. Summing Up: Essential. Upper-division undergraduates through faculty.” (M. H. Lesser, Choice, Vol. 56 (8), April, 2019)

Authors and Affiliations

  • Muhlenberg College, Allentown, PA, USA

    Ranajoy Ray Chaudhuri

About the author

Ranajoy Ray Chaudhuri is Assistant Professor of Economics at Muhlenberg College, USA, where he teaches courses in Macroeconomics and Monetary Economics, Development Economics, and Finance.  He has also taught at The Ohio State University, Princeton University, and St. Mary’s College of Maryland, and at several universities in China and Mexico. He is the author of The Changing Face of American Banking: Deregulation, Reregulation, and the Global Financial System (2014). Dr. Ray Chaudhuri received his PhD in Economics from The Ohio State University in 2012.

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