English world rights (Stanford UP)
The global financial system is in a deep crisis. The guardians of money, central banks like the ECB or the US Fed, have become its very backbone and have ushered in a new era: that of central bank capitalism. For this, they had to revolutionise their monetary policy as well as act as market makers of last resort.
Joscha Wullweber descends into the engine room of modern capitalism, discusses the new instruments of central banks and explains the complex ways in which the...
The global financial system is in a deep crisis. The guardians of money, central banks like the ECB or the US Fed, have become its very backbone and have ushered in a new era: that of central bank capitalism. For this, they had to revolutionise their monetary policy as well as act as market makers of last resort.
Joscha Wullweber descends into the engine room of modern capitalism, discusses the new instruments of central banks and explains the complex ways in which the state and the financial market are intertwined today. He also takes a close look at the shadow banking system, from which the global financial crisis originated and which is nevertheless becoming increasingly important. An indispensable contribution to understanding current global monetary and financial policy.