John Singleton, Central Banking in the Twentieth Century, Cambridge University Press, November 2010, 350 pages
At the dawn of the 20th century, there were 18 central banks in the world, with just one - the Bank of Japan - outside Europe. By 2000, there were 173. Yet, despite their preponderance over the previous century, as John Singleton notes in his book covering the period, they remain poorly understood.
That they remain so poorly understood may have much to do with the case that Singleton