Permalien Courriel Export
Livre imprimé
Central banks, democratic states and financial power
Auteur
Éditeur New York, NY, USA Cambridge University Press
Année 2018
Exemplaires
Notices liées
Notice détaillée
Auteur
Titre
Central banks, democratic states and financial power
Éditeur
Description
1 vol. (XIV-465 p.) : couv. ill. ; 23 cm
Notes
Bibliogr. p. 423-441. Index
Sujets
Classification Dewey
332.1/109
Résumé
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
ISBN
978-1-107-12203-1
1-107-12203-1
978-1-107-55234-0
1-107-55234-6
Origine de la notice
Abes (SUDOC)
 

inMedia v4.4