"Understanding the changing role of central banks and the policies they pursue is absolutely essential for analysing a wide range of economic and political issues, from the Eurozone crisis right through to the US presidential election. This book features contributions by many of the world's leading experts on central banking, providing in accessible essays a fascinating review of today's key policy and research issues for central banks. Luminaries including Mervyn King, Don Kohn, Otmar Issing and William White, are joined by Charles Goodhart of the London School of Economics and Political Science, whose many achievements in the field of central banking are honoured as the inspiration for this book. The Changing Fortunes of Central Banking discusses the developing role of central banks and the policies they pursue in seeking financial stabilisation, whilst also giving suggestions for model strategies. This comprehensive review will appeal to central bankers, financial supervisors, academics and economists working in think tanks"-- "Dr Philipp Hartmann is Deputy Director General of the Research Department at the European Central Bank (ECB), which he helped building up from its start. He also coordinates the ECB's work on financial integration and is a Fellow of the Centre for Economic Policy Research. Previously, he worked at the London School of Economics and the European Monetary Institute. Dr Hartmann has published research on financial, monetary and international issues in several books and numerous journal articles. He serves as an associate editor of the Journal of Financial Stability. His policy work has been published in many official reports and discussed in fora including the ECOFIN Council, the ECB Governing Council and the Basel Committee on Banking Supervision. Dr Haizhou Huang is a Managing Director at the China International Capital Corporation. He has been working in investment banks for over ten years, serving as Chief Economist and Chief Strategist. Previously he worked at the International Monetary Fund and the London School of Economics. He is Vice President of the China Society of World Economics and a Member of the China Finance 40 Group. He has published in leading academic and policy journals, including American Economic Review, China Economic Review, European Economic Review, Journal of International Economics, Journal of Monetary Economics, and Review of Finance"--