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 ce

The twentieth century has seen the rise of modern central banking. At its close, it is also witnessing the first steps in the decline of the role of some of the

This 2005 treatment compares the central banks of Britain and the United States.

Central banking has a long and colourful history from which important lessons can be drawn. This book reviews the policy objectives and financial operations of