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The Resource The long journey of central bank communication, Otmar Issing

The long journey of central bank communication, Otmar Issing

Label
The long journey of central bank communication
Title
The long journey of central bank communication
Statement of responsibility
Otmar Issing
Creator
Subject
Language
eng
Summary
A leading economist and former central banker discusses the evolution of central bank communication from secretiveness to transparency and accountability. Central bank communication has evolved from secretiveness to transparency and accountability-from a reluctance to give out any information at all to the belief in communication as a panacea for effective policy. In this book, Otmar Issing, himself a former central banker, discusses the journey toward transparency in central bank communication. Issing traces the development of transparency, examining the Bank of England as an example of extreme reticence and European Central Bank's President Mario Draghi as a practitioner of effective communication. He argues that the ultimate goal of central bank communication is to make monetary policy more effective, and describes the practice and theory of communication as an evolutionary process. For a long time, the Federal Reserve never made its monetary policy decisions public; the European Central Bank, on the other hand, had to adopt a modern communication strategy from the outset. Issing discusses the importance of guiding expectations in central bank communication, and points to financial markets as the most important recipients of this communication. He discusses the obligations of accountability and transparency, although he notes that total transparency is a "mirage." Issing argues that the central message to the public must always be that the stability of a nation's currency is the bank's priority.--
Member of
Assigning source
Provided by publisher
http://library.link/vocab/creatorName
Issing, Otmar
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
Series statement
Karl Brunner lecture series
http://library.link/vocab/subjectName
  • Banks and banking, Central
  • Communication in financial institutions
Label
The long journey of central bank communication, Otmar Issing
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Introduction
  • From ignorance to triumph
  • A short terminology
  • Communication : practice and theory
  • Communication and effectiveness of monetary policy
  • Communication and accountability
  • Communication and transparency
  • Concluding remarks
Control code
on1088671510
Dimensions
21 cm.
Extent
x, 92 pages
Isbn
9780262537858
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)1088671510
Label
The long journey of central bank communication, Otmar Issing
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • Introduction
  • From ignorance to triumph
  • A short terminology
  • Communication : practice and theory
  • Communication and effectiveness of monetary policy
  • Communication and accountability
  • Communication and transparency
  • Concluding remarks
Control code
on1088671510
Dimensions
21 cm.
Extent
x, 92 pages
Isbn
9780262537858
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
Other physical details
illustrations
System control number
(OCoLC)1088671510

Library Locations

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      43.803074 11.283055
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