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Central Banks, Democratic States and Financial Power
Engelsk Paperback
Central Banks, Democratic States and Financial Power
Engelsk Paperback

506 kr
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Om denne bog
When the Federal Reserve, European Central Bank and Bank of England purchased bank and state debt during the 2007–2008 crisis, it became apparent that, when technically divorced from fiscal policy, monetary policy cannot revive but only prevent economic activity deteriorating further. Pixley explains how conflicting social forces shape the diverse, complex relations of central banks to the money production of democracies and the immense money creation by capitalist banking. Central banks are never politically neutral and, despite unfair demands, are unable to prevent collapses to debt deflation or credit/asset inflation. They can produce debilitating depressions but not the recoveries desired in democracies and unwanted by capitalist banks or war finance logics. Drawing on economic sociology and economic histories, this book will appeal to informed readers interested in studying democracies, banks and central banking''s ambivalent positions, via comparative and distributive perspectives.
Product detaljer
Sprog:
Engelsk
Sider:
474
ISBN-13:
9781107552340
Indbinding:
Paperback
Udgave:
ISBN-10:
1107552346
Kategori:
Udg. Dato:
11 okt 2018
Længde:
24mm
Bredde:
153mm
Højde:
227mm
Forlag:
Cambridge University Press
Oplagsdato:
11 okt 2018
Forfatter(e):
Kategori sammenhænge