Abstract
The latest crisis brought a rethinking, both of the arrangements for the defence of stability and of the role of central banks. The collapse of finance and the rise in unemployment were followed by two developments: a reaffirmation of the flexibility of monetary policy and the assignment to central banks of greater responsibility in the care of the financial industry.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
Fawley, B.W. and Neely, C.J., Four Stories of Quantitative Easing, “Federal Reserve Bank of St. Louis Review”, January/February 2013, pp. 51–88.
Bernanke, B.S., The Reserve and the Financial Crisis. Lectures by Ben S. Bernanke, Princeton University Press, Princeton 2013, p. 107).
Volcker, P.A., The Fed & Big Banking at the Crossroads, “The New York Review of Books”, no. 13, 2013, p. 33).
Posner, R.A., A Failure of Capitalism. The Crisis of 2008 and the Descent into Depression, Harvard University Press, Cambridge, 2009
Pasinetti, L.L., Keynes and the Cambridge Keynesians. A ‘Revolution in Economics’ to be Accomplished, Cambridge University Press, Cambridge 2007.
Skeel, D.A. Jr., Making Sense of the New Financial Deal (2011), University of Pennsylvania Law School, Faculty Scholarship. Paper 365, pp. 182–199
Carli, G., Why Banks Are Unpopular, The Per Jacobsson Lectures, Basel, September 1976).
Author information
Authors and Affiliations
Copyright information
© 2015 Pierluigi Ciocca
About this chapter
Cite this chapter
Ciocca, P. (2015). A Return to Central Banking. In: Stabilising Capitalism. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9781137555519_8
Download citation
DOI: https://doi.org/10.1057/9781137555519_8
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-57314-1
Online ISBN: 978-1-137-55551-9
eBook Packages: Palgrave History CollectionHistory (R0)