As central banks around the world upgrade their governance and strategic planning and manage major internal and external reforms, this new compilation of studies by leading experts shows how these challenges can be met. Introducing a new payments system. Modernising the process of monetary policymaking. Spurring national financial sectors to greater efficiency and competitiveness. Reorganising and streamlining their own functions. These are just some of the tasks on which a modern central bank is typically engaged. Because each central bank is the only institution of its kind in its national economy, there are no simple "roadmaps" to guide the reform. Central Bank Modernisation is the first complete analysis of how policymakers can confront and surmount these obstacles. It is edited by Peter Nicholl, former deputy governor of the Reserve Bank of New Zealand and former governor of the Central Bank of Bosnia and Herzegovina, and by Neil Courtis of Central Banking Publications. The book combines rigorous analysis with practical case studies to illustrate how many leading central bankers have in practice reformed their institutions.