Central Banking, Monetary Policy and Financial In/Stability

Inbunden, Engelska, 2025

Av Louis-Philippe Rochon, Sylvio Kappes, Guillaume Vallet

2 739 kr

Beställningsvara. Skickas inom 5-8 vardagar

Fri frakt för medlemmar vid köp för minst 249 kr.

This timely book answers the question of whether central banks should specifically target the stability of financial systems and if so, what kind of policies should be adopted to prevent or mitigate financial instability.Providing a critical perspective on both central banking and monetary policy, this book examines policies that are used and should be used to prevent instability in the future. Using examples from global financial markets, chapters investigate real-world events that have triggered instability including pandemics and how they have led to a crisis for inflation. Adapting both Minsky’s analysis and the viewpoints of post-Keynesians, the book concludes that central banks should assess their existing approach to targeting inflation as a way of stabilising financial markets.With a particular focus on financial regulations and supervision, this book will be an essential read for academics in the fields of political economy and post-Keynesian economics as well as central bank policy makers.

Produktinformation

Utgivningsdatum2025-04-25
Mått156 x 234 x undefined mm
FormatInbunden
SpråkEngelska
SerieElgar Series on Central Banking and Monetary Policy
FörlagEdward Elgar Publishing Ltd
ISBN9781035302147

Tillhör följande kategorier

Finanskriser inom Ekonomi och ledarskap
Nationalekonomi inom Ekonomi och ledarskap
Makroekonomi inom Ekonomi och ledarskap

Edited by Louis-Philippe Rochon, Full Professor, Laurentian University, Canada, Editor-in-Chief, Review of Political Economy and Founding Editor Emeritus, Review of Keynesian Economics and Co-Director, Monetary Policy Institute, Sylvio Kappes, Assistant Professor, Federal University of Alagoas, Brazil, Co-Editor, Review of Political Economy and Co-Director, Monetary Policy Institute and Guillaume Vallet, Full Professor, Université Grenoble Alpes and Research Fellow, Centre de Recherche en Economie de Grenoble (CREG), France

ContentsFinancial instability and the role of central banks and monetary policy 1Louis-Philippe Rochon, Sylvio Antonio Kappes and Guillaume Vallet1 A monetary-structural reform to guarantee financial stability 5Sergio Rossi2 Why are repos so huge in Brazil?: An analysis from 2002 to 2020 18Flávia Felix Barbosa and Fabio Terra3 Financial instability and the operations of central banks 35Malcolm Sawyer4 Inflation, financial crises and a new Cold War: The next era of financial stability 51Giuseppe Mastromatteo and Lorenzo Esposito5 The conduct of monetary policy in a floor system and under an Ample Reserve Regime: The case of the United States in the last decade 81Domenica Tropeano6 Central banks as political institutions: Towards a more democratic monetary policy for the 21st century 99Simone Deos and Fernanda Ultremare7 The role of central banks in the financial instability hypothesis 117Barkin Cihanli8 A tale of two crises: Monetary policy and financial (in)stability implications of climate change and pandemics 137Lilit Popoyan and Paola D’Orazio9 Monetary policy and illiquidity 163 Jan Toporowski 10 Stabilizing an unstable financial system: A Minskyian approach to market dysfunctions and the Covid-19 experience in the US 177 Norberto Montani Martins and Gabriel Porto 11 Monetary policy, market concentration and financial instability: The case of the USA 202 Ilhan Dögüs 12 The art of central banking with global shadow banks 221 Elham Saeidinezhad 13 Monetary policy, financialization and functional income distribution in G7 countries 251 Giovanna Ciaffi, Stefano Di Bucchianico and Antonino Lofaro 14 Pension funds, bonds and gilt market stability 269 Jennifer Churchill and Bruno Bonizzi 15 Conceptualizing financialization of monetary policy 284 Marcos Centurion-Vicencio and Mateo Villalba