The Encyclopedia of Central Banking

With central banks looming larger in the public consciousness in the wake of the great recession of 2008, perhaps more attention than ever is being paid to central banks and their activities. So far as I am aware, this Encyclopedia breaks new ground in being the first devoted exclusively to central banking, defined in the book’s introduction as “the variety of policy targets, strategies and instruments used by monetary authorities all around the world”. The Encyclopedia does not eschew, though, pertinent theories and concepts. It succeeds in its aim of being “a voluminous, but synthetic work”.

The alphabetically arranged 244...