Volume II Overview

Volume II provides an in-depth analysis of important specific issues, detailed discussion of the independence of the Bank of Israel, and an econometric study of the central bank's policies.

This volume also includes a historical account of the liberalization of Israel's foreign-exchange market and various issues related to the banking system, such as concentration, competition, and especially banking supervision.

In one of the articles in this volume, based on a series of interviews, the top officials of the Bank of Israel present their view on the Bank's policies in the various periods.