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The Quest for Stable Money

- Central Banking in Austria, 1816-2016
Af: Hans Kernbauer, Clemens Jobst Engelsk Hardback

The Quest for Stable Money

- Central Banking in Austria, 1816-2016
Af: Hans Kernbauer, Clemens Jobst Engelsk Hardback
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Caught up in the costly Napoleonic wars, Austria went into sovereign default in 1811. Five years later, the public authorities founded a national bank to be financed and run by private shareholders, the idea being that an independent bank would help rebuild trust in money. During the two hundred years that followed, the Oesterreichische Nationalbank grew from the treasury's banker-of-choice into a central bank, and from a private stock corporation into a public institution. Yet the challenges facing today's Nationalbank are a surprising echo of the past: How can it provide stable money? How far must central bank independence go? How does monetary policy making work in a multinational monetary union? Stretching from the Nationalbank's predecessor, the Wiener Stadtbanco, to Austria's integration into the European Union today, this engaging book provides the first extensive overview of Austria's monetary history.
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Caught up in the costly Napoleonic wars, Austria went into sovereign default in 1811. Five years later, the public authorities founded a national bank to be financed and run by private shareholders, the idea being that an independent bank would help rebuild trust in money. During the two hundred years that followed, the Oesterreichische Nationalbank grew from the treasury's banker-of-choice into a central bank, and from a private stock corporation into a public institution. Yet the challenges facing today's Nationalbank are a surprising echo of the past: How can it provide stable money? How far must central bank independence go? How does monetary policy making work in a multinational monetary union? Stretching from the Nationalbank's predecessor, the Wiener Stadtbanco, to Austria's integration into the European Union today, this engaging book provides the first extensive overview of Austria's monetary history.
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Produktdetaljer
Sprog: Engelsk
Sider: 320
ISBN-13: 9783593505350
Indbinding: Hardback
Udgave:
ISBN-10: 3593505355
Kategori: Bankvirksomhed
Udg. Dato: 9 sep 2016
Længde: 31mm
Bredde: 232mm
Højde: 170mm
Forlag: Campus Verlag
Oplagsdato: 9 sep 2016
Forfatter(e): Hans Kernbauer, Clemens Jobst
Forfatter(e) Hans Kernbauer, Clemens Jobst

Kategori Bankvirksomhed

ISBN-13 9783593505350

Sprog Engelsk

Indbinding Hardback

Sider 320

Udgave

Længde 31mm

Bredde 232mm

Højde 170mm

Udg. Dato 9 sep 2016

Oplagsdato 9 sep 2016

Forlag Campus Verlag