This book addresses the interaction of monetary and regulatory policy to achieve the important goal of price and financial stability. The authors show how finan

Dramatic changes in information and telecommunications technologies have transformed U.S. financial markets in the 1980s and 1990s. This book examines the growt

Financial stability is one of the key tenets of a central bank’s functions. Since the financial crisis of 2007-2009, an area of hot debate is the extent to wh

The financial system and its regulation have undergone exponential growth and dramatic reform over the last thirty years. This period has witnessed major develo

A distinguished economist examines competition, regulation, and stability in today's global banks Does too much competition in banking hurt society? What polici