The economics of central banking

Offering a comprehensive analysis of central banks, this book aims to demystify them for the general public, which is the only way to have a rational debate about them and ultimately to make them truly accountable.

The book originates from the author's graduate lectures on Central Banking at the University of Frankfurt J.W.

Goethe. It contains an overview of all the key questions surrounding central banks and their role in the economy.

It leads the reader from the more established concepts (including monetary theory and historical experience), necessary to have a good grasp of modern central banking, to the more open and problematic questions, which are being debated within academic and financial market circles.