Description
Discover the insightful book 'Do Central Banks Serve the People?' which critically examines the pivotal role of central banks in modern economies. Authored by renowned experts, this compelling read delves into the aftermath of the 2007 financial crisis, revealing how central banks injected trillions of dollars through quantitative easing to avert economic collapse and stimulate recovery. However, this book goes beyond surface-level analysis, exploring the significant costs associated with these policies. It presents a thorough investigation into the unintended consequences of unconventional monetary policies, highlighting their impact on income and wealth inequalities. Moreover, it questions the independence of central banks from government influence, presenting a rich discussion on their increasing reliance on financial markets. The authors also address the well-founded concerns that even the most seasoned central bankers may fall prey to bias and error in their decision-making processes. 'Do Central Banks Serve the People?' is an essential book for policymakers, economists, and anyone invested in understanding the intricacies of our financial system. With a total of 140 pages of powerful insights, this brand-new edition (ISBN: 9781509525775) from John Wiley & Sons (UK) is a must-read. Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.
Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.
Condition: BRAND NEW
ISBN: 9781509525775
Year: 2018
Publisher: John Wiley & Sons (UK)
Pages: 140
Description:
Central banks have become the go-to institution of modern economies. In the wake of the 2007 financial crisis, they injected trillions of dollars of liquidity “ through a process known as quantitative easing “ first to prevent financial meltdown and later to stimulate the economy. The untold story behind these measures, and behind the changing roles of central banks generally, is that they have come at a considerable costCentral banks argue we had no choice. This book offers a powerfully original examination of why this claim is false. Using examples from Europe and the US, the authors present and analyse three specific concerns about the way central banks in developed economies operate today. Firstly, they show how unconventional monetary policies have created significant unintended negative consequences in terms of inequalities in income and wealth. They go on to argue that central banks may have become independent of governments, but have instead become worryingly dependent on financial markets. They then proceed to analyse how central bankers, despite being the undisputed experts on monetary policy, can still err and suffer from multiple forms of biasThis book is a sobering and urgent wake-up call for policy-makers and anyone interested in how our monetary and financial system really works.
Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.
Condition: BRAND NEW
ISBN: 9781509525775
Year: 2018
Publisher: John Wiley & Sons (UK)
Pages: 140
Description:
Central banks have become the go-to institution of modern economies. In the wake of the 2007 financial crisis, they injected trillions of dollars of liquidity “ through a process known as quantitative easing “ first to prevent financial meltdown and later to stimulate the economy. The untold story behind these measures, and behind the changing roles of central banks generally, is that they have come at a considerable costCentral banks argue we had no choice. This book offers a powerfully original examination of why this claim is false. Using examples from Europe and the US, the authors present and analyse three specific concerns about the way central banks in developed economies operate today. Firstly, they show how unconventional monetary policies have created significant unintended negative consequences in terms of inequalities in income and wealth. They go on to argue that central banks may have become independent of governments, but have instead become worryingly dependent on financial markets. They then proceed to analyse how central bankers, despite being the undisputed experts on monetary policy, can still err and suffer from multiple forms of biasThis book is a sobering and urgent wake-up call for policy-makers and anyone interested in how our monetary and financial system really works.