Stabilising Capitalism
ISBN:
9781137555502
Auflage:
1st ed. 2016
Verlag:
Palgrave Macmillan UK
Land des Verlags:
Vereinigtes Königreich
Erscheinungsdatum:
21.10.2015
Reihe:
Palgrave Macmillan Studies in Banking and Financial Institutions
Format:
Hardcover
Seitenanzahl:
105
Lieferung in 3-4 Werktagen
Versandkostenfrei ab 40 Euro in Österreich
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 The author concludes by suggesting that although many consider the idea of this role for central banks to be outdated, these institutions form the root of the capitalist market economy and act as a bastion against financial instability.
Schlagwörter
Biografische Anmerkung
Pierluigi Ciocca was head of market operations and economic research for the Bank of Italy and Deputy Director General of the Bank from 1995 to 2006. He is a member of Accademia dei Lincei and editor of the journal Rivista di Storia Economica, founded in 1936 by Luigi Einaudi.
Day Trading Options: Profiting from Price Distortions in Very Brief Time Frames
Erscheinungsjahr:
2024