The Bank Of Israel And You

What is a homeland and when does it become a national territory? Why have so many people been willing to die for such places throughout the twentieth century? What is the essence of the Promised Land? Following the acclaimed and controversial The Invention of the Jewish People, Shlomo Sand examines the mysterious sacred land that has become the site of the longest-running national struggle of the twentieth and twenty-first centuries. The Invention of the Land of Israel deconstructs the age-old legends surrounding the Holy Land and the prejudices that continue to suffocate it. Sand’s account dissects the concept of “historical right” and tracks the creation of the modern concept of the “Land of Israel” by nineteenth-century Evangelical Protestants and Jewish Zionists. This invention, he argues, not only facilitated the colonization of the Middle East and the establishment of the State of Israel; it is also threatening the existence of the Jewish state today.

This book, written by Israeli economists from academia, marks the fiftieth anniversary of the Bank of Israel. It consists of two volumes. Volume I presents an analytic monetary history of Israel. Volume II deals in depth with specific topics such as the independenceof the Bank of Israel.

Ezekiel 38 and 39 is an amazing End-Time Prophecy about a massive Invasion of Israel from the Far North, led by Russia and supported by a number of Islamic nations, including Iran. This massive invasion will result in one of the greatest ever Divine Interventions, as God moves in Judgement. The result will be great and world-wide political, religious and spiritual changes. Learn how everything has just now come perfectly into place for these dramatic events to happen. In other words, they are now imminent (they could happen at any time)! It is essential that believers are ready, for when the God of the Bible eveals His Mighty Power to all nations in obvious fulfillment of Prophecy, we will have a wonderful opportunity to lead many to Christ.

These two volumes were written on the occasion of the fiftieth anniversary of the founding of the Bank of Israel. They recount the monetary history of Israel from 1948, when the country was established (and before) to the present day. Volume I retells Israel's monetary history, analyzes the background of the developments mentioned above, and describes the difficulties in regaining monetary control in recent years. This volume also provides an analytical framework to help understand the monetary developments in the inflationary era and in the disinflation process.

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 banks 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 Banks policies in the various periods.