{"product_id":"do-central-banks-serve-the-people-hardback-9781509525768","title":"Do Central Banks Serve the People? (Hardback) 9781509525768","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eDo Central Banks Serve the People?\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cfont size=\"4\"\u003ePeter Dietsch (Author), François Claveau (Author), Clément Fontan (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781509525768, Polity Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 6 July 2018\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e140 pages\u003cbr\u003e19.3 x 12.7 x 1.5 cm, 0.227 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\u003cp\u003e\"This excellent book shows that central banking is a political process with profound distributional consequences. It is a must read for anyone wanting to know how central banks could work to serve the people.\"\u003cbr\u003e—\u003cb\u003eDaniela Gabor, University of the West of England\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"This highly recommended book should give political leaders pause when they ask for continued blind faith in central bank maestros.\"\u003cbr\u003e—\u003cb\u003eChristopher Adolph, University of Washington\u003c\/b\u003e\u003c\/p\u003e\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eCentral 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 cost.\u003c\/p\u003e \u003cp\u003eCentral 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 bias.\u003c\/p\u003e \u003cp\u003eThis book is a sobering and urgent wake-up call for policy-makers and anyone interested in how our monetary and financial system really works.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eIntroduction: Central Banks Ought to Serve People 1\u003cbr\u003e\u003cbr\u003e1 Central Banking: The Essentials 6\u003cbr\u003e\u003cbr\u003e2 Central Banking and Inequalities 19\u003cbr\u003e\u003cbr\u003e3 Central Banking and Finance 46\u003cbr\u003e\u003cbr\u003e4 Central Banking Expertise 75\u003cbr\u003e\u003cbr\u003e5 Whither Central Banking? Institutional Options for the Future 100\u003cbr\u003e\u003cbr\u003e\u003ci\u003eNotes 117\u003c\/i\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Philosophy [\u003ca title=\"See our other books on Philosophy\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Philosophy%20%5BHP%5D%22\"\u003eHP\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Polity","offers":[{"title":"Brand New","offer_id":52441790021912,"sku":"9781509525768","price":31.19,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781509525768.jpg?v=1785025303","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/do-central-banks-serve-the-people-hardback-9781509525768","provider":"Freshly Printed Books","version":"1.0","type":"link"}