An in-depth study on the Bank of England, the Bundesbank in Germany, and the Federal Reserve offers insight into how they are run, discussing their histories, monetary policies, and how they are affected by such events as the Savings and Loan debacle.
Essential history of these institutions across the world. Really appreciated that they did not present an American-centric view and did their homework to take us through the intricacies and politics of a handful of central banks globally. The challenges they articulate are incisive and so timely that I had to keep checking that this was written in 1995. Central bank leadership, heed their warnings and incorporate their suggestions. A treasure.