Series statement taken from dust jacket.

Includes bibliographical references and index.

A brief look at central banking history -- A brief overview of the international monetary system -- Modern central banking roles and functions: what exactly is a central bank? -- A brief review of modern central banking mandates: what are the goals that modern central banks try to achieve? -- Theoretical foundations of the practice of modern monetary policy -- Monetary policy regimes: what monetary policy rules a central bank can use to achieve monetary stability -- Monetary policy implementation: financial market operations -- The monetary policy transmission mechanism: how changes in interest rates affect households, firms, financial institutions, economic activity, and inflation -- The exchange rate and central banking -- Financial stability: definition, analytical framework, and theoretical foundation -- Financial stability: monitoring and identifying risks -- Financial stability: intervention tools -- Future challenges for central banking -- Future central banking strategy and its execution.

Helps you understand the theories and interpret the actions of modern central banks. This title looks at the topic of central banking, and provides readers with an understanding and insights into the roles and functions of modern central banks in advanced and emerging economies, theories behind their thinking, and actual operations practices.

College of Business and Accountancy