Product Description: Central banks have evolved over many years, and sometimes centuries, as policy-making, not profit-making, institutions, and yet they are structured legally and financially like ‘for-profit’ companies of the twenty-first century...read more

Product Description: Written by recognized academics, policy makers, and market participants, this is an illuminating and unbiased synthesis of the collected wisdom on crisis-related research. Giving due credit to the vigorous policy measures taken by central banks to mitigate the effects of the global financial crisis, this thorough and analytical volume examines various topics, including monetary policy, debt crisis, exchange-rate policies, financial-stability imperatives and regulation, international financial framework, exit policy, and asset price bubbles...read more

Product Description: This book comprises the papers presented and discussed at the SAA conference, held 24-25 November 2008. It offers an exchange of views on technical and implemental issues of financial models relevant for strategic asset allocation.