As Joscha Wullweber shows, there has been a radical change in the state-market nexus. With governments refraining from strong and comprehensive fiscal and financial regulatory policies, central banks have become the main stabilizing force and the nodal point of financial circulation. These overburdened institutions are called on to make near-daily interventions to avert crisis. Wullweber calls this historic phase central bank capitalism. His book offers a lucid account of our current state of permanent crisis with its new dilemmas and paradoxes that pose enormous challenges to financial and economic stability.
As Joscha Wullweber shows, there has been a radical change in the state-market nexus. With governments refraining from strong and comprehensive fiscal and financial regulatory policies, central banks have become the main stabilizing force and the nodal point of financial circulation. These overburdened institutions are called on to make near-daily interventions to avert crisis. Wullweber calls this historic phase central bank capitalism. His book offers a lucid account of our current state of permanent crisis with its new dilemmas and paradoxes that pose enormous challenges to financial and economic stability.
Central Bank Capitalism: Monetary Policy in Times of Crisis
258Central Bank Capitalism: Monetary Policy in Times of Crisis
258Product Details
ISBN-13: | 9781503639621 |
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Publisher: | Stanford University Press |
Publication date: | 08/13/2024 |
Series: | Currencies: New Thinking for Financial Times |
Pages: | 258 |
Product dimensions: | 6.00(w) x 9.00(h) x (d) |