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    Central Banking in Turbulent Times
    Central Banking in Turbulent Times
    Central Banking in Turbulent Times
    Audiobook11 hours

    Central Banking in Turbulent Times

    Written by Tuomas Valimaki and Francesco Papadia

    Narrated by Keith Sellon-Wright

    4/5

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    About this audiobook

    Central Banking in Turbulent Times examines fundamental questions about the central banking system, asking whether the model of an independent central bank devoted to price stability is the final resting point of a complex development that started centuries ago. It dissects the hypothesis that the Great Recession has prompted a reassessment of that model; a renewed emphasis on financial stability has emerged, possibly vying for first rank in the hierarchy of objectives of central banks. This raises the risk of dilemmas, since the Great Recession brought into question implicit assumptions that the pursuit of price stability would also lead to financial stability. In addition, the border between monetary and fiscal policy was blurred both in the U.S. and in Europe.

    Central Banking in Turbulent Times asks whether the model prevailing before the Great Recession has been irrevocably altered. Are we entering, as Charles Goodhart has hypothesized, into the "fourth epoch" of central banking? Are changes to central banks part of a move away from the global liberal order that seemed to have prevailed at the turn of the century? Central Banking in Turbulent Times seeks to answer these questions.
    LanguageEnglish
    PublisherTantor Media, Inc
    Release dateSep 4, 2018
    ISBN9781541447219
    Central Banking in Turbulent Times

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