Designing a central bank: Social player, monetary agent, or banking agent?

Donato Masciandaro ()

Open Economies Review, 1995, vol. 6, issue 4, 399-410

Abstract: This paper reviews recent advances on the role of the central bank in the money supply process and its effects on inflation. The literature is presented according to a three-stage process, with the central bank acting first as social player, then as monetary agent, and finally as a combined monetary and banking agent. Copyright Kluwer Academic Publishers 1995

Keywords: central banking; monetary policy; inflation; bank regulation (search for similar items in EconPapers)
Date: 1995
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DOI: 10.1007/BF01000390

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