1. The state of play in central banking and the challenges to come / Pierre L. Siklos, Martin T. Bohl and Mark E. Wohar - 2. Is the time ripe for price level path stability? / Vitor Gaspar, Frank Smets and David Vestin - 3. The principal-agent approach to monetary policy delegation / Georgios E. Chortareas and Stephen M. Miller - 4. Implementing monetary policy in the 2000s : operating procedures in Asia and beyond / Corrinne Ho - 5. Analysis of financial stability / Charles A.E. Goodhart and Dimitri P. Tsomocos - 6. National central banks in a multi-national system / David G. Mayes and Geoffrey E. Wood - 7. The complex relationship between central bank independence and inflation / Bernd Hayo and Carsten Hefeker - 8. Independence and accountability in supervision : comparing central banks and financial authorities / Donato Masciandaro, Marc Quintyn and Michael W. Taylor - 9. The economic impact of central bank transparency : a survey / Carin van der Cruijsen and Sylvester C.W. Eijffinger - 10. How central banks take decisions : an analysis of monetary policy meetings / Philip Maier - 11. Institutional rules and the conduct of monetary policy : does a central bank need governing principles? / Pierre L. Siklos.

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