Header

Joscha Wullweber

Central Bank Capitalism - Transformations of the Global Financial System in Times of Crisis

(German title: Zentralbankkapitalismus)
ca. 350 pages
Paperback
2021
Joscha Wullweber

Joscha Wullweber

Joscha Wullweber, born in 1973, is Adjunct Professor of International Political Economics at the University of Kassel. In addition, he is Adjunct Professor at the Department of Political Science at Rutgers University.

Rights available

»Undoubtedly we live in a time when central bankers are the new rock stars.« The Wall Street Journal

About

The global fiscal system finds itself in a profound crisis. The guardians of money, central banks such as the EZB or the US-American Fed, have now become its backbone and have heralded a new era: that of central bank capitalism. In order to do so, they had to revolutionise their monetary policy and act as market makers of the last instance.

Joscha Wullweber climbs down into the engine room of modern capitalism, discusses the new instruments of the central banks and explains the complex way the nations and the financial market are intertwined nowadays. En route, he also carefully examines the shadow banking system, from which the global financial crisis originated and that nevertheless keeps becoming more and more important. A vital contribution to understanding the current global monetary and fiscal policy.