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dc.contributor.authorDow, Sheilaen_UK
dc.description.abstractThe recent banking crisis has opened up the discourse about central banking. The purpose here is to revisit the principles of central banking and the theoretical framework for applying them in light of these changed conditions. We focus on different understandings of the economic process and how they relate to the principles of central banking, comparing the dominant technocratic approach to central banking theory with a more traditional political economy approach. We consider the recent use of ‘unconventional’ tools of monetary policy and a range of current proposals for reform of money, banking and central banking. It is argued that central banking needs a new framework which recognises the interdependencies between the conditions for monetary stability, financial stability and economic stability and between the policy measures by which these goals may be addressed.en_UK
dc.publisherOxford University Press on behalf of the Cambridge Political Economy Societyen_UK
dc.relationDow S (2017) Central banking in the twenty-first century. Cambridge Journal of Economics, 41 (6), pp. 1539-1557.
dc.rightsThe publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.en_UK
dc.subjectcentral bankingen_UK
dc.subjectinflation targetingen_UK
dc.subjectcentral bank independenceen_UK
dc.titleCentral banking in the twenty-first centuryen_UK
dc.typeJournal Articleen_UK
dc.rights.embargoreason[bex051.pdf] : The publisher does not allow this work to be made publicly available in this Repository therefore there is an embargo on the full text of the work.en_UK
dc.citation.jtitleCambridge Journal of Economicsen_UK
dc.type.statusVoR - Version of Recorden_UK
dc.description.refREF Compliant by Deposit in Stirling's Repositoryen_UK
Appears in Collections:Economics Journal Articles

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