Stabilising Capitalism

A Greater Role for Central Banks

Business & Finance, Finance & Investing, Banks & Banking, Economics
Cover of the book Stabilising Capitalism by Pierluigi Ciocca, Palgrave Macmillan UK
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Pierluigi Ciocca ISBN: 9781137555519
Publisher: Palgrave Macmillan UK Publication: February 23, 2016
Imprint: Palgrave Macmillan Language: English
Author: Pierluigi Ciocca
ISBN: 9781137555519
Publisher: Palgrave Macmillan UK
Publication: February 23, 2016
Imprint: Palgrave Macmillan
Language: English

The role of central banks as a hinge on which the financial system rests has returned to the top of the political agenda in recent years. The global financial crisis has resulted in many changes for central banks, including renewed power in financial supervision and reduced restrictions in their implementation of monetary policies. This book argues that central banks play a key role in financial systems, presenting the European Central Bank as a specific example of an institution that uses its uniquely independent position and wide margins of discretion to provide an array of important functions. It illustrates how central banks promote the security and efficiency of payment systems, pursue price stability, and accommodate the optimal utilization of the resources, labour and capital available to an economy. Stabilising Capitalism demonstrates how these institutions also aid in dealing with the risk of financial collapse and permit the continuity of public expenditure when the government is unable to place securities in the bond market. The author concludes by suggesting that although many consider the idea of this role for central banks to be outdated, these institutions form the root of the capitalist market economy and act as a bastion against financial instability.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The role of central banks as a hinge on which the financial system rests has returned to the top of the political agenda in recent years. The global financial crisis has resulted in many changes for central banks, including renewed power in financial supervision and reduced restrictions in their implementation of monetary policies. This book argues that central banks play a key role in financial systems, presenting the European Central Bank as a specific example of an institution that uses its uniquely independent position and wide margins of discretion to provide an array of important functions. It illustrates how central banks promote the security and efficiency of payment systems, pursue price stability, and accommodate the optimal utilization of the resources, labour and capital available to an economy. Stabilising Capitalism demonstrates how these institutions also aid in dealing with the risk of financial collapse and permit the continuity of public expenditure when the government is unable to place securities in the bond market. The author concludes by suggesting that although many consider the idea of this role for central banks to be outdated, these institutions form the root of the capitalist market economy and act as a bastion against financial instability.

More books from Palgrave Macmillan UK

Cover of the book Security, Citizenship and Human Rights by Pierluigi Ciocca
Cover of the book Media Talk and Political Elections in Europe and America by Pierluigi Ciocca
Cover of the book Crisis in the Global Mediasphere by Pierluigi Ciocca
Cover of the book Race, Ethnicity and the Women's Movement in England, 1968-1993 by Pierluigi Ciocca
Cover of the book The Green Economy and the Water-Energy-Food Nexus by Pierluigi Ciocca
Cover of the book The Talented Manager by Pierluigi Ciocca
Cover of the book Re-Orientalism and Indian Writing in English by Pierluigi Ciocca
Cover of the book Crisis and Sustainability by Pierluigi Ciocca
Cover of the book Monarchy and Exile by Pierluigi Ciocca
Cover of the book Democratic South Africa's Foreign Policy by Pierluigi Ciocca
Cover of the book Assessing Chinese Learners of English by Pierluigi Ciocca
Cover of the book Explaining Collective Violence in Contemporary Indonesia by Pierluigi Ciocca
Cover of the book Finnish Cinema by Pierluigi Ciocca
Cover of the book Teaching Literature by Pierluigi Ciocca
Cover of the book Contesting Integration, Engendering Migration by Pierluigi Ciocca
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy