Do Central Banks Serve the People? Dietsch Paperback
Do Central Banks Serve the People? Dietsch Paperback Central banks have become the go-to institution of modern economies. The untold story behind these measures, and behind the changing roles of…
Specifikacia Do Central Banks Serve the People? Dietsch Paperback
Do Central Banks Serve the People? Dietsch Paperback
Central banks have become the go-to institution of modern economies. The untold story behind these measures, and behind the changing roles of central banks generally, is that they have come at a considerable cost.Central banks argue we had no choice. 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.
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. This book offers a powerfully original examination of why this claim is false. 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
Crow Road Banks Iain Paperback