Exploring the viewpoint of emerging economies, virtually no important aspect of central banking is left out of this complete reference. The guide examines the management of exchange rates and foreign reserves in volatile foreign-currency regimes and the handling of external and internal financial crises. Other issues detailed in the volume include adopting more transparent accountancy and reporting standards for governments and financial entities, assessing the soundness of the financial sector--as a whole and as individual institutions--and analyzing the enormous responsibilities involved in adopting real-time payment and settlement systems.