There has been growing concern about the nature of the FED, as more people have taken note of its shady, secretive practices. This is great news. People should be learning more about the history of the Federal Reserve and its founding. I've certainly learned a lot about it, mainly though resources found on mises.org and lewrockwell.com. But my knowledge of other central banking institutions isn't up to par with what I know about the Fed. I was wondering if any of you could share some insight on these other central banks - are their histories and their current operations similar to that of the Fed? Are most pure government entities, or are they quasi-private institutions? Are they just as secretive as the Fed?
I was just wondering because many articles on this site deal extensively with the Fed, and attack it from every angle (and rightly so), but I haven't come across much information regarding these other central banks.
Cheers
This is something I'd be interested in as well actually.
Base model cars of the world unite! You have nothing to lose but quarter-mile races.
All of the world's central banks operate pretty much the same as the Federal Reserve.
Most of these writers live in the USA, so the Federal Reserve is the most-criticized central bank.
For example, if you lived in China, you'd wind up in a labor camp if you wrote an article criticizing China's central bank.
I have my own blog at FSK's Guide to Reality. Let me know if you like it.
I would very much like to read about the Bank of England, Bank of Japan and Bank of China and the effects of their policies on both national and international economies.
Israel's Cenran Bank is run by Stanley Fischer. I'll copy here an openiong of his Wikipedia page.
Stanley "Stan" Fischer (Hebrew: סטנלי פישר) is an economist and the current Governor of theBank of Israel.
Born in Northern Rhodesia (now Zambia) on 15 October 1943, he obtained his B.Sc. andM.Sc. at the London School of Economics from 1962-1966 and his Ph.D. at MIT in 1969, all ineconomics. He was a professor at MIT from 1977 to 1988, where he authored two popular economics textbooks: Macroeconomics (with Rüdiger Dornbusch and Richard Startz) andLectures in Macroeconomics (with Olivier Blanchard), and was a thesis advisor to Ben Bernanke.
Guess what's his policy nowadays...
"We are nothing. Mankind is all. By the grace of our brothers are we allowed our lives. We exist through, by and for our brothers who are the State. Amen."
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