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The paper provides a brief history of central banking institutions in the United States. Specifically, the authors highlight the role of New York banking interests in the affecting legislations affect...
In this article the author presents an argument to show that central banks have a destabilizing effect on economies rather than the traditional view that they have a stabilizing capacity. The article ...
The article offers information on the immunity of foreign central banks in conformance to the Foreign Sovereign Immunities Act of 1976 (FSIA). It discusses the role of central banks in stabilizing cur...
This article contributes to the literature on the fundamental preferences of governments and central banks in international monetary policy. Based on archival sources, the paper analyses the dynamics ...
A strong information asymmetry may exist between central bank managers and both the public and the government. Therefore managerial discretion of the central bank managers is possible. On the other ...
Like a post office, a central bank does useful things. That fact that it does useful things does not make eitherinstitution efficient, at least not in its present-day form as a government agency. By...
In the 1990s, several governments gave their central banks operational independence to pursue low inflation, and steps were taken to make the new monetary policy more credible by making it more tra...

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