The role of money - money and monetary policy in the twenty-first century, 4th ECB Central Banking Conference, 9-10 November 2006

This volume contains a collection of papers, commentaries and speeches that review the strategic and operational decisions taken by the central banks to combat the crisis and that reflect on the lessons for the future. The contributions are grouped around five broad topics: monetary policy strategy, lessons from historical experiences, challenges for macroeconomic and finance theory, the international dimension of the crisis, and operational frameworks for monetary policy.monetary policy strategy, monetary aggregates