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Unelected Power

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Release : 2019-09-10
Genre : Business & Economics
Kind : eBook
Book Rating : 303/5 ( reviews)

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Book Synopsis Unelected Power by : Paul Tucker

Download or read book Unelected Power written by Paul Tucker. This book was released on 2019-09-10. Available in PDF, EPUB and Kindle. Book excerpt: Tucker presents guiding principles for ensuring that central bankers and other unelected policymakers remain stewards of the common good.

The Political Economy of Central Banking

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Release : 2019
Genre : Business & Economics
Kind : eBook
Book Rating : 412/5 ( reviews)

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Book Synopsis The Political Economy of Central Banking by : Gerald Epstein

Download or read book The Political Economy of Central Banking written by Gerald Epstein. This book was released on 2019. Available in PDF, EPUB and Kindle. Book excerpt: Central banks are among the most powerful government economic institutions in the world. This volume explores the economic and political contours of the struggle for influence over the policies of central banks such as the Federal Reserve, and the implications of this struggle for economic performance and the distribution of wealth and power in society.

Central Bank Independence

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Release : 2021-10-18
Genre : Law
Kind : eBook
Book Rating : 303/5 ( reviews)

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Book Synopsis Central Bank Independence by : Jan Kleineman

Download or read book Central Bank Independence written by Jan Kleineman. This book was released on 2021-10-18. Available in PDF, EPUB and Kindle. Book excerpt: In December 1999, prior to the forming of a Stockholm Centre for Commercial Law, an international symposium entitled Central Bank Independence was held at the Department of Law at Stockholm University in co-operation with the Swedish Central Bank (The Riksbank) and Queen Mary and Westfield College, London University. The participants were principally political, economic and legal specialists in the field, all with considerable international experience. This led to the topic being examined in detail from many different perspectives. This publication includes contributions by the participants and contains many important facts for those readers who wish to study and understand the different consequences of the yielding of control over financial policymaking by the traditional political organisations to a body of experts. For readers in some countries, who realise that the subject will revolutionise traditional Constitutional and Administrative Law, the topic and therefore this publication, cannot be ignored.

Central Banking in a Democracy

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Release : 2014-10-17
Genre : Business & Economics
Kind : eBook
Book Rating : 320/5 ( reviews)

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Book Synopsis Central Banking in a Democracy by : John Wood

Download or read book Central Banking in a Democracy written by John Wood. This book was released on 2014-10-17. Available in PDF, EPUB and Kindle. Book excerpt: The Federal Reserve System, which has been Congress’s agent for the control of money since 1913, has a mixed reputation. Its errors have been huge. It was the principal cause of the Great Depression of the 1930s and the inflation of the 1970s, and participated in the massive bailouts of financial institutions at taxpayers' expense during the recent Great Recession. This book is a study of the causes of the Fed’s errors, with lessons for an improved monetary authority, beginning with an examination of the history of central banks, in which it is found that their performance depended on their incentives, as is to be expected of economic agents. An implication of these findings is that the Fed’s failings must be traced to its institutional independence, particularly of the public welfare. Consequently, its policies have been dictated by special interests: financial institutions who desire public support without meaningful regulation, as well as presidents and those portions of Congress desiring growing government financed by inflation. Monetary stability (which used to be thought the primary purpose of central banks) requires responsibility, meaning punishment for failure, instead of a remote and irresponsible (to the public) agency such as the Fed. It requires either private money motivated by profit or Congress disciplined by the electoral system as before 1913. Change involving the least disturbance to the system suggests the latter.

Bankers, Bureaucrats, and Central Bank Politics

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Release : 2013-04-15
Genre : Business & Economics
Kind : eBook
Book Rating : 61X/5 ( reviews)

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Book Synopsis Bankers, Bureaucrats, and Central Bank Politics by : Christopher Adolph

Download or read book Bankers, Bureaucrats, and Central Bank Politics written by Christopher Adolph. This book was released on 2013-04-15. Available in PDF, EPUB and Kindle. Book excerpt: Adolph illustrates the policy differences between central banks run by former bankers relative to those run by bureaucrats.

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