Central Banking in Turbulent Times  by Francesco Papadia audiobook

Central Banking in Turbulent Times

By Francesco Papadia , with Tuomas Valimaki
Read by Keith Sellon-Wright

Tantor Audio 9780198806196

Unabridged

Format: Library CD (In Stock)
  • ISBN: 9781630150884

  • ISBN: 9781630150884

Runtime: 11.30 Hours
Category: Nonfiction/Business & Economics
Audience: Adult
Language: English

Summary

Summary

Central Banking in Turbulent Times examines fundamental questions about the central banking system, asking whether the model of an independent central bank devoted to price stability is the final resting point of a complex development that started centuries ago. It dissects the hypothesis that the Great Recession has prompted a reassessment of that model; a renewed emphasis on financial stability has emerged, possibly vying for first rank in the hierarchy of objectives of central banks. This raises the risk of dilemmas, since the Great Recession brought into question implicit assumptions that the pursuit of price stability would also lead to financial stability. In addition, the border between monetary and fiscal policy was blurred both in the U.S. and in Europe.

Central Banking in Turbulent Times asks whether the model prevailing before the Great Recession has been irrevocably altered. Are we entering, as Charles Goodhart has hypothesized, into the "fourth epoch" of central banking? Are changes to central banks part of a move away from the global liberal order that seemed to have prevailed at the turn of the century? Central Banking in Turbulent Times seeks to answer these questions.

Editorial Reviews

Editorial Reviews

“A great read for anyone interested in this defining historical moment.” Claudio Borio, Head of the Monetary and Economic Department, Bank for International Settlements

Reviews

Reviews

Author

Author Bio: Francesco Papadia

Author Bio: Francesco Papadia

Francesco Papadia has nearly forty years of central banking experience. Beginning with the founding of the European Central Bank (ECB) in 1998, he served as the director general for market operations until 2012. Prior to that, he held various positions at the Banca d’Italia and was economic advisor at the EU Commission. Currently he is chairman of the Board of the Prime Collateralised Securities, chair of the selection panel of the Hellenic Financial Stability Fund, senior resident fellow at the Bruegel Institute, and a university lecturer.

Titles by Author

Author Bio: Tuomas Valimaki

Author Bio: Tuomas Valimaki

Tuomas Valimaki is the head of Monetary Policy and Research at the Bank of Finland. As the Bank’s chief economist, he is a member of the European Central Bank’s Monetary Policy Committee. During his two decades as a central banker, he has also worked as a visiting expert at the European Central Bank.

Titles by Author

Details

Details

Available Formats : CD, Library CD
Category: Nonfiction/Business & Economics
Runtime: 11.30
Audience: Adult
Language: English