Should We Have Faith in Central Banks?
By (author) Otmar Issing
Publication date:
20 May 2002Length of book:
53 pagesPublisher
IEAISBN-13: 9780255365284
Argues that price stability is a 'common good' and that it is better in the hands of an independent central bank with a clear price stability mandate. This work deals with 3 issues: the meaning of 'price stability', the importance of stable money to the functioning of a market economy and the central bank's role in maintaining financial stability.