Hardback
Central Banking, Monetary Policy and Financial In/Stability
This timely book answers the question of whether central banks should specifically target the stability of financial systems and if so, what kind of policies should be adopted to prevent or mitigate financial instability.
More Information
Critical Acclaim
More Information
This timely book answers the question of whether central banks should specifically target the stability of financial systems and if so, what kind of policies should be adopted to prevent or mitigate financial instability.
Providing a critical perspective on both central banking and monetary policy, this book examines policies used and should be used to prevent instability in the future. Using examples from global financial markets, chapters investigate real-world events that have triggered instability including pandemics and how they have led to a crisis for inflation. Adapting both Minsky’s analysis and the viewpoints of post-Keynesians, the book concludes that central banks should assess their existing approach to targeting inflation as a way of stabilising financial markets.
With a particular focus on financial regulations and supervision, this book will be an essential read for academics in the fields of political economy and post-Keynesian economics as well as central bank policy makers.
Providing a critical perspective on both central banking and monetary policy, this book examines policies used and should be used to prevent instability in the future. Using examples from global financial markets, chapters investigate real-world events that have triggered instability including pandemics and how they have led to a crisis for inflation. Adapting both Minsky’s analysis and the viewpoints of post-Keynesians, the book concludes that central banks should assess their existing approach to targeting inflation as a way of stabilising financial markets.
With a particular focus on financial regulations and supervision, this book will be an essential read for academics in the fields of political economy and post-Keynesian economics as well as central bank policy makers.
Critical Acclaim
‘This book is an outstanding collection of contributions of key experts in the area of monetary policy, central banking, and financial instability. It is a must-read for anybody keen to understand the relation between central banking and financial (in)stability in and beyond the industrial core.’
– Annina Kaltenbrunner, University of Leeds, UK
‘Crafted in a compelling Keynesian argumentative style, this collection of essays delves into the role of the central bank and monetary policy, ultimately highlighting the true protagonist of the saga in parentheses. As readers journey through a portrayal of the current global financial environment, they can grasp the conceptual and practical challenges of perceiving modern economic systems as fundamentally unstable. Understanding the necessity of a central banker’s existence, while also realizing that this moderating role is more than ever a political and non-neutral one, raises questions that global financialization exacerbates, highlighting planetary inequalities. This stimulating book is an essential resource for scholars who wish to tackle the complex and captivating challenge of managing financial instability in an era that, despite its rhetoric, remains far from achieving sustainability in practice.’
– Anna Maria Variato, University of Bergamo, Italy
– Annina Kaltenbrunner, University of Leeds, UK
‘Crafted in a compelling Keynesian argumentative style, this collection of essays delves into the role of the central bank and monetary policy, ultimately highlighting the true protagonist of the saga in parentheses. As readers journey through a portrayal of the current global financial environment, they can grasp the conceptual and practical challenges of perceiving modern economic systems as fundamentally unstable. Understanding the necessity of a central banker’s existence, while also realizing that this moderating role is more than ever a political and non-neutral one, raises questions that global financialization exacerbates, highlighting planetary inequalities. This stimulating book is an essential resource for scholars who wish to tackle the complex and captivating challenge of managing financial instability in an era that, despite its rhetoric, remains far from achieving sustainability in practice.’
– Anna Maria Variato, University of Bergamo, Italy
