The Encyclopedia of Central Banking
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The Encyclopedia of Central Banking

Edited by Louis-Philippe Rochon and Sergio Rossi

The Encyclopedia of Central Banking contains some 250 entries written by over 200 economists on topics related to monetary macroeconomics, central bank theory and policy, and the history of monetary thought. It offers an essential description and concise analysis of key issues within the field of central banking. Many entries also provide a clear heterodox criticism.
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Contributors

Pietro Alessandrini, Marche Polytechnic University, Ancona, Italy

Natalia Andries, University of Turku, Finland

Philip Arestis, University of Cambridge, United Kingdom

Angel Asensio, Université Paris 13, Sorbonne Paris Cité, France

Mohamed Aslam, University of Malaya, Kuala Lumpur, Malaysia

Oliver Simon Baer, University of Fribourg, Switzerland

Aldo Barba, University of Naples “Federico II”, Italy

Juan Barredo Zuriarrain, University of Grenoble, France

Mehdi Ben Guirat, Laurentian University, Sudbury, Canada

Elias Bengtsson, European Central Bank, Frankfurt am Main, Germany

Edoardo Beretta, University of Lugano, Switzerland

Giancarlo Bertocco, University of Insubria, Varese, Italy

Dirk Bezemer, University of Groningen, the Netherlands

Jörg Bibow, Skidmore College, Saratoga Springs, United States

Mathias Binswanger, University of Applied Sciences and Arts Northwestern Switzerland, Olten, Switzerland

Xavier Bradley, University of Burgundy, Dijon, France

Alessandro Caiani, Marche Polytechnic University, Ancona, Italy

Maria Alejandra Caporale Madi, State University of Campinas, Brazil

Anna Carabelli, University of Eastern Piedmont, Vercelli, Italy

Emmanuel Carré, Université Paris 13, Sorbonne Paris Cité, France

Fernando J. Cardim de Carvalho, Federal University of Rio de Janeiro, Brazil

Duccio Cavalieri, University of Florence, Italy

Eugenio Caverzasi, Marche Polytechnic University, Ancona, Italy

Mario Cedrini, University of Turin, Italy

Alvaro Cencini, University of Lugano, Switzerland

Nathaniel Cline, University of Redlands, United States

David Colander, Middlebury College, United States

p. xxiiiEugenia Correa, National Autonomous University of Mexico, Mexico

Muriel Dal-Pont Legrand, University of Lille 1 and Clersé CNRS, France

Juan Matías De Lucchi, Centro de Economía y Finanzas para el Desarrollo de la Argentina, Buenos Aires, Argentina

Vera Dianova, University of Fribourg, Switzerland

Robert W. Dimand, Brock University, St Catharines, Canada

Sheila C. Dow, University of Stirling, United Kingdom and University of Victoria, Canada

Gerald Epstein, University of Massachusetts, Amherst, United States

Luca Fantacci, Bocconi University, Milan, Italy

Eladio Febrero, University of Castilla–La Mancha, Cuenca, Spain

Germán D. Feldman, Universidad Nacional de San Martín, Buenos Aires, Argentina

James Andrew Felkerson, Bard College, Annandale-on-Hudson, United States

David M. Fields, University of Utah and Salt Lake Community College, Salt Lake City, United States

Stefano Figuera, University of Catania, Italy

Alejandro Fiorito, Universidad Nacional de Luján, Argentina

James Forder, Balliol College, Oxford, United Kingdom

Daniela Gabor, University of the West of England, Bristol, United Kingdom

Kevin P. Gallagher, Boston University, United States

Aleksandr V. Gevorkyan, St John’s University, New York, United States

Olivier Giovannoni, Bard College, Annandale-on-Hudson, United States

Alicia Girón, National Autonomous University of Mexico, Mexico

Claude Gnos, University of Burgundy, Dijon, France

Antoine Godin, University of Limerick, Ireland

Rebeca Gomez Betancourt, University of Lyon, France

Charles Albert Eric Goodhart, London School of Economics, United Kingdom

Vincent Grossmann-Wirth, French Treasury, Paris, France

Robert Guttmann, Hofstra University, Hempstead, United States and Université Paris 13, Sorbonne Paris Cité, France

Omar F. Hamouda, York University, Toronto, Canada

Greg Hanngsen, Levy Economics Institute of Bard College, New York, United States

p. xxivEckhard Hein, Berlin School of Economics and Law, Germany

Arne Heise, University of Hamburg, Germany

Eric Helleiner, University of Waterloo, Ontario, Canada

Annina Kaltenbrunner, University of Leeds, United Kingdom

Steve Keen, Kingston University, Kingston upon Thames, United Kingdom

John E. King, La Trobe University, Melbourne and Federation University Australia, Ballarat, Australia

Jane Knodell, University of Vermont, Burlington, United States

Robert H. Koehn, Brock University, St Catharines, Canada

Theodore Koutsobinas, University of Patras, Patras, Greece

Peter Kriesler, University of New South Wales, Sydney, Australia

Neil M. Lancastle, De Montfort University, Leicester, United Kingdom

Dany Lang, CEPN, Université Paris 13, Sorbonne Paris Cité, France

Noemi Levy-Orlik, National Autonomous University of Mexico, Mexico

Gilberto Libanio, Universidade Federal de Minas Gerais, Belo Horizonte, Brazil

Emiliano Libman, Center for the Study of State and Society, Buenos Aires, Argentina

Stefano Lucarelli, University of Bergamo, Italy and University Paris 1 Panthéon Sorbonne, France

Brian K. MacLean, Laurentian University, Sudbury, Canada

Ivo Maes, National Bank of Belgium and University of Louvain, Belgium

Maria Cristina Marcuzzo, La Sapienza University, Rome, Italy

Wesley C. Marshall, Universidad Autónoma Metropolitana, Mexico City, Mexico

Fabio Masini, University of Roma Tre, Rome, Italy

Jonathan Massonnet, University of Fribourg, Switzerland

Giuseppe Mastromatteo, Università Cattolica del Sacro Cuore, Milan, Italy

Claudia Maya, National Autonomous University of Mexico, Mexico

William E. McColloch, Keene State College, United States

Jo Michell, School of Oriental and African Studies, University of London, and University of the West of England, Bristol, United Kingdom

Alexander Mihailov, University of Reading, United Kingdom

Marcelo Milan, Federal University of Rio Grande do Sul, Porto Alegre, Brazil

William Miles, Wichita State University, United States

p. xxvThorvald Grung Moe, Levy Economics Institute of Bard College, New York, United States

Pierre Monnin, Council on Economic Policies, Zurich, Switzerland

Virginie Monvoisin, Grenoble Business School, France

Jamie Morgan, Leeds Metropolitan University, United Kingdom

Tracy Mott, University of Denver, United States

Suranjana Nabar-Bhaduri, Bucknell University, Lewisburg, United States

Daniel H. Neilson, Bard College at Simon’s Rock, United States

Edward J. Nell, New School for Social Research, New York, United States

Nikolay Nenovsky, University of Picardie Jules Verne, Amiens, France

Benoît Nguyen, Banque de France, Paris, and University Paris 1 Panthéon-Sorbonne, France

Salewa ‘Yinka Olawoye, University of Missouri–Kansas City, United States

Özgür Orhangazi, Kadir Has University, Istanbul, Turkey

Etelberto Ortiz, Universidad Autónoma Metropolitana, Mexico City, Mexico

Andrea Pacella, University of Catania, Italy

Yannis Panagopoulos, Centre for Planning and Economic Research, Athens, Greece

Fabio S. Panzera, University of Fribourg, Switzerland

Aris Papageorgiou, University of Macedonia, Thessaloniki, Greece

Robert W. Parenteau, MacroStrategy Edge, Berkeley, United States

Marco Veronese Passarella, University of Leeds, United Kingdom

Ruxandra Pavelchievici, University of Nice Sophia Antipolis, France

Esteban Pérez Caldentey, Economic Commission for Latin America and the Caribbean, Santiago, Chile

Nathan Perry, Colorado Mesa University, Grand Junction, United States

Philip Pilkington, Kingston University, Kingston upon Thames, United Kingdom

Giovanni Battista Pittaluga, University of Genova, Italy

Massimo Pivetti, La Sapienza University, Rome, Italy

Jean-François Ponsot, University of Grenoble, France

David Pringle, Carleton University, Ottawa, Canada

Devin T. Rafferty, Saint Peter’s University, Jersey City, United States

Vijayaraghavan Ramanan, independent researcher, India

p. xxviRiccardo Realfonzo, University of Sannio, Benevento, Italy

Marco Flávio Resende, Universidade Federal de Minas Gerais, Belo Horizonte, Brazil

Louis-Philippe Rochon, Laurentian University, Sudbury, Canada

Sergio Rossi, University of Fribourg, Switzerland

Roy J. Rotheim, Skidmore College, Saratoga Springs, United States

Harald Sander, Cologne University of Applied Sciences, Germany and Maastricht School of Management, the Netherlands

Malcolm Sawyer, University of Leeds, United Kingdom

Benjamin Schmidt, University of Hohenheim, Stuttgart, Germany

Carlos Schönerwald, Federal University of Rio de Janeiro, Brazil

Helene Schuberth, Oesterreichische Nationalbank, Vienna, Austria

Robert H. Scott, Monmouth University, West Long Branch, United States

Mario Seccareccia, University of Ottawa, Canada

Mark Setterfield, New School for Social Research, New York, United States

Brendan Sheehan, Leeds Metropolitan University, United Kingdom

John Smithin, York University, Toronto, Canada

Peter Spahn, University of Hohenheim, Stuttgart, Germany

Aristotelis Spiliotis, Bank of Greece, Athens, Greece

Brenda Spotton Visano, York University, Toronto, Canada

Jim Stanford, Unifor, Toronto, Canada

Alexis Stenfors, University of Portsmouth, United Kingdom

Engelbert Stockhammer, Kingston University, Kingston upon Thames, United Kingdom

Ricardo Summa, Federal University of Rio de Janeiro, Brazil

Nathan Tankus, University of Ottawa, Canada

Daniela Tavasci, Queen Mary University of London, United Kingdom

Adelmo Tedeschi, Università Cattolica del Sacro Cuore, Milan, Italy

Vidhura S. Tennekoon, Indiana University–Purdue University Indianapolis, United States

Andrea Terzi, Franklin University Switzerland, Sorengo, Switzerland

Slim Thabet, University of Picardie Jules Verne, Amiens, France

Jan Toporowski, School of Oriental and African Studies, University of London, United Kingdom and University of Bergamo, Italy

p. xxviiDominique Torre, University Nice Sophia Antipolis, GREDEG, CNRS, France

Marie-Aimee Tourres, University of Strathclyde, Glasgow, United Kingdom

Domenica Tropeano, University of Macerata, Italy

Lefteris Tsoulfidis, University of Macedonia, Thessaloniki, Greece

Eric Tymoigne, Lewis & Clark College, Portland, United States

Jorge Uxó, University of Castilla–La Mancha, Talavera de la Reina, Spain

Bernard Vallageas, University Paris-Sud, Paris, France

Ramaa Vasudevan, Colorado State University, Fort Collins, United States

Luigi Ventimiglia, Queen Mary University of London, United Kingdom

Richard A. Werner, University of Southampton, United Kingdom

Sebastian Weyih, University of Fribourg, Switzerland

Takashi Yagi, Meiji University, Surugadai, Japan