Papers from the Bank of England's Tercentenary Symposium provide an authoritative account of the evolution of central banking and explore policy dilemmas.
Two papers prepared for the Bank of England's 300th anniversary symposium in June 1994. The first traces the evolution of central banking in major economies, with sections on the development of 31 central banks around the world. The second paper explores the major policy problems facing central bankers, such as the extent to which there is a short-term trade- off between inflation and growth, and the choice of inflation targets. No index. Annotation c. Book News, Inc., Portland, OR (booknews.com)