Research Papers about Central Banks
- When Central Banks Buy Bonds: Independence and the Power to Say No by Adam S. Posen (Bank of England), Speech presented at Barclays Capital 14th Annual Global Inflation-Linked Conference, June 2010.
- How Central Should the Central Bank Be by Alan S. Blinder (Princeton University), Journal of Economic Literature, March 2010.
- Financial Instability, Reserves, and Central Bank Swap Lines in the Panic of 2008 by Maurice Obstfeld (University of California, Berkeley, NBER and CEPR), Jay C. Shambaugh (Dartmouth College and NBER) and Alan M. Taylor (University of California, Davis, NBER and CEPR), January 2009.
- Reflections on the Crisis and on its Lessons for Regulatory Reform and for Central Bank Policies by Alex Cukierman (Berglas School of Economics and CEPR), June 2009.
- Central Bank Tools and Liquidity Shortages by Stephen G. Cecchetti (Bank for International Settlements and NBER) and Piti Disyatat (Bank for International Settlements), February 2009.
- The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong by John B. Taylor (Stanford University), November 2008.
- Central Bank Independence and Macroeconomic Performance: Some Comparative Evidence by Alberto Alesina (Harvard University, CEPR and NBER) and Lawrence H. Summers (Harvard University and NBER), "Journal of Money, Credit and Banking", May 1993.
- Systemic Risk, Interbank Relations and Liquidity Provision by the Central Bank by Xavier Freixas (Universitat Pompeu Fabra), Bruno Parigi (University of Padua) and Jean-Charles Rochet (Université Toulouse), September 1999.
- Central Bank Transparency by Petra M. Geraats (University of Cambridge), March 2002.
- Central Bank Laws and Monetary Policy by Robin Bade and Michael Parkin (University of Western Ontario), October 1988.
- Central Bank Independence, Centralization of Wage Bargaining, Inflation and Unemployment: Theory and Some Evidence by Alex Cukierman (Tel-Aviv University and Tilburg University) and Francesco Lippi (Banca d'Italia), European Economic Review, 1999.
- Asset Prices and Central Bank Policy by Stephen G. Cecchetti (Ohio State University), Hans Genberg (Graduate Institute, Geneva), John Lipsky (Chase Manhattan Bank) and Sushil Wadhwani (Bank of England), The Geneva Report on the World Economy, May 2000.
- The Political Economy of Central-Bank Independence by Sylvester C.W. Eijffinger and Jakob de Haan (Princeton University), Special Papers in International Economics, May 1996.
- Central-Bank Credibility: Why Do We Care? How Do We Build It? by Alan S. Blinder (Princeton University and Brookings Institution), American Economic Review, December 2000.
- Central Bank Intervention and Exchange Rate Volatility by Kathryn M. Dominguez (University of Michigan and NBER), Journal of International Money and Finance, 1998.
- The Future of Monetary Policy: The Central Bank as an Army with Only a Signal Corps by Benjamin M. Friedmann (Harvard University), International Finance, 1999.
- Central Bank Independence: An Update of Theory and Evidence by Helge Berger (University of Munich), Jakob de Haan (University of Groningen) and Sylvester C.W. Eijffinger (Tilburg University), Journal of Economic Surveys, 2000.
- Central Bank Reform, Liberalization and Inflation in Transition Economies - An International Perspective by Alex Cukierman (Tel-Aviv University, Tilburg University and CEPR), Geoffrey P. Miller (New York University) and Bilin Neyapti (Bilkent University), Journal of Monetary Economics, 2002.
- Why Do Banks Need a Central Bank? by Charles A.E. Goodhart (Bank of England), Oxford Economic Papers, 1987.
- Central Bank Communication and Policy Effectiveness by Michael Woodford (Columbia University), NBER Working Paper, 2005.
- Can Central Bank Transparency Go Too Far? by Frederic S. Mishkin (Federal Reserve System), 2007.
- The Adjustment of Expectations to a Change in Regime: A Study of the Founding of the Federal Reserve by N. Gregory Mankiw (Harvard University), Jeffrey A. Miron and David N. Weil, American Economic Review, June 1987.
- Can Central Banks Go Broke? by Willem H. Buiter (London School of Economics and Political Science, Universiteit van Amsterdam and CEPR), CEPR Policy Insight, May 2008.
- The Effectiveness of Central-Bank Intervention: A Survey of the Literature after 1982 by Hali J. Edison (Princeton University), Special Papers in International Economics, July 1993.
- Central Bank Talk: Does It Matter and Why? by Donald L. Kohn and Brian P. Sack (Board of Governors of the Federal Reserve System), August 2003.
- Who supported the Deutsche Bundesbank? by Philipp Maier (University of Groningen) and Thijs Knaapy (Erasmus University Rotterdam), July 2001.
- Why the Federal Reserve Should Not Adopt Inflation Targeting by Benjamin M. Friedman (Harvard University), Commentary International Finance, 2004.
- Price Level Convergence Among United States Cities: Lessons for the European Central Bank by Stephen G. Cecchetti (Federal Reserve Bank of New York, Ohio State University and NBER), Nelson C. Mark (Ohio State University) and Robert Sonora (University of Texas), January 1999.
- Should the European Central Bank and the Federal Reserve Be Concerned about Fiscal Policy? by Matthew B. Canzoneri, Robert E. Cumby and Behzad T. Diba (Federal Reserve Bank of Kansas City), 2003.
- Does Talk Matter After All? Inflation Targeting and Central Bank Behavior by Kenneth N. Kuttner (Federal Reserve Bank of New York) and Adam S. Posen (Institute for International Economics), CFS Working Paper, January 1999.
- Limited Commitment and Central Bank Lending by Marvin Goodfriend and Jeffrey M. Lacker (Federal Reserve Bank of Richmond), Working Paper, January 1999.
- Optimal Central Bank Design: Benchmarks for the ECB by Helge Berger (Free University Berlin), CESIFO Working Paper, March 2006.
- How the Bundesbank Conducts Monetary Policy by Richard Clarida and Mark Gertler (NBER), NBER Working paper, May 1996.
- The European Central Bank’s First Pillar Reassessed by Manfred J.M. Neumann (University of Bonn), March 2003.
- The Mystique of Central Bank Speak by Petra M. Geraats (University of Cambridge), International Journal of Central Banking, March 2007.
- Central Bank Independence and Price Stability: Evidence from 23 OECD-countries by Sven-Olov Daunfeldt and Xavier de Luna (Umeå University), June 2003.
- Taylor's Rule and the Fed: 1970-1997 by John P. Judd and Glenn D. Rudebusch (Federal Reserve Bank of San Francisco), FRBSF Economic Review, 1998.
- The Policy Preferences of the U.S. Federal Reserve by Richard Dennis (Federal Reserve Bank of San Francisco), Working Paper, July 2004.
- Reserve Bank Operations in the Foreign Exchange Market: Effectiveness and Profitability by Robert Andrew and John Broadbent (Reserve Bank of Australia), Research Discussion Paper, November 1994.
- Comparing Monetary Policy Reaction Functions: ECB versus Bundesbank by Bernd Hayo (Philipps-University Marburg and University of Bonn) and Boris Hofmann (University of Bonn), Marburg Papers on Economics, 2005.
- Gold and Economic Freedom by Alan Greenspan, "Objectivist" 1966, reprinted in "Capitalism: The Unknown Ideal" 1967.
- The Federal Reserve System. Its Origin and Growth by Paul M. Warburg, 1930.
Central Bank buildings (unordered)
Bank of Finland, Helsinki:
Source: Wikimedia Commons, Public domain
National Bank of Denmark, Copenhagen:
Source: Wikimedia Commons, Public domain
National Bank of Ukraine, Kiev:
Source: Wikimedia Commons, Author: Alexander Noskin; Creative Commons Attribution ShareAlike 3.0
Central Bank of Syria, Damascus:
Source: Wikimedia Commons, Public domain
Reserve Bank of Vanuatu, Port Vila:
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Central Bank of Venezuela, Caracas:
Source: Wikimedia Commons, Author: Caracasapie; Creative Commons Attribution 2.0 Generic
Bank of Norway, Oslo:
Source: Wikimedia Commons, Author: Tomoyoshi NOGUCHI; Creative Commons Attribution-Share Alike 2.0 Generic
Netherlands Bank, Amsterdam:
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Central Bank of Argentina, Buenos Aires:
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National Bank of Romania, Bucharest:
Source: Wikimedia Commons, Author: Gabriel; Creative Commons Attribution-Share Alike 2.0 Generic
National Bank of Poland, Wrocław:
Source: Wikimedia Commons, Author: Lestat; Creative Commons Attribution ShareAlike 3.0
State Bank of Vietnam, Hanoi:
Source: Wikimedia Commons, Author: Adam Eales; Creative Commons Attribution-Share Alike 2.0 Generic
Bank of Lithuania, Vilnius:
Source: Wikimedia Commons, Author: Alma Pater; Creative Commons Attribution ShareAlike 3.0
Hungarian National Bank, Budapest:
Source: Wikimedia Commons, Public domain
Czech National Bank, Prague:
Source: Wikimedia Commons, Author: unknown; Creative Commons Attribution ShareAlike 3.0
National Bank Cambodia, Phnom Penh:
Source: Wikimedia Commons, Author: Paxse; Creative Commons Attribution ShareAlike 3.0
Bank of Canada, Ottawa:
Source: Wikimedia Commons, Author: Peregrine981; Creative Commons Attribution ShareAlike 3.0
Central Bank of Chile, Santiago de Chile:
Source: Wikimedia Commons, Author: Carlos yo; Creative Commons Attribution ShareAlike 3.0
Central Bank of Nepal, Janakpur:
Source: Wikimedia Commons, Author: Steffen Gauger; Creative Commons Attribution ShareAlike 3.0
Central Bank of Ireland, Dublin:
Source: Wikimedia Commons, Author: Doyler79; Creative Commons Attribution ShareAlike 3.0
Reserve Bank of New Zealand, Wellington:
Source: Wikimedia Commons, Author: Kaihsu Tai; Creative Commons Attribution ShareAlike 3.0
Central Bank of Nigeria, Abuja:
Source: Wikimedia Commons, Public domain
Central Bank of the Republic of China (Taiwan), Taipei:
Source: Wikimedia Commons, Author: carpkazu; Creative Commons Attribution ShareAlike 3.0
Central Bank of Colombia, Bogotá:
Source: Wikimedia Commons, Author: Camilo Sanchez; Creative Commons Attribution ShareAlike 3.0
Croatian National Bank, Zagreb:
Source: Wikimedia Commons, Author: Jajaniseva; Creative Commons Attribution ShareAlike 3.0
Bank of Tanzania, Dar es Salaam:
Source: Wikimedia Commons, Author: Fanny Schertzer; Creative Commons Attribution ShareAlike 3.0
Central Bank of Tunisia, Tunis:
Source: Wikimedia Commons, Author: Citizen59; Creative Commons Attribution ShareAlike 3.0
Central Bank of Uzbekistan, Tashkent:
Source: Wikimedia Commons, Author: Or2008; Creative Commons Attribution ShareAlike 3.0
Bulgarian National Bank, Sofia:
Source: Wikimedia Commons, Author: Elena Chochkova; Creative Commons Attribution ShareAlike 3.0
Central Bank of Azerbaijan, Baku:
Source: Wikimedia Commons, Author: Gulustan; Creative Commons Attribution ShareAlike 3.0
National Bank of Slovakia, Bratislava:
Source: Wikimedia Commons, Author: Frettie; Creative Commons Attribution ShareAlike 3.0
Bank of Portugal, Porto:
Source: Wikimedia Commons, Public domain
Bank of Greece, Athens:
Source: Wikimedia Commons, Public domain
National Bank of Belgium, Brussels:
Source: Wikimedia Commons, Author: MADe; Creative Commons Attribution 1.0 Netherlands
National Bank of Austria, Vienna:
Source: Wikimedia Commons, Author: unknown; Creative Commons Attribution-Share Alike 2.5 Generic
Hong Kong Monetary Authority, Hong Kong:
Source: Wikimedia Commons, Author: Alanmak; Creative Commons Attribution ShareAlike 3.0
Bank Indonesia, Jakarta:
Source: Wikimedia Commons, Author: Aditreeslime at en.wikipedia; Creative Commons Attribution ShareAlike 3.0