In this book leading financial professionals and academics examine the prospects for the European single currency. The impact of the Euro is assessed in terms of risks and opportunities for financial intermediaries, challenges for monetary and supervisory authorities and issues for portfolio...

This collection takes the reader through historical, theoretical and factual discussions on why central banks exist and the role -- actual and intended -- they have in assisting their home nation in achieving monetary and financial stability

1. Central banks' capital : an introduction / Peter Sinclair and Sue Milton -- 2. Central bank finances and independence : how much capital should a central bank have? / Alex Cukierman -- 3. Central bank financial strength and macroeconomic policy performance / Peter Stella -- 4. Financing the...