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Título: Balance of Power Condición: Nuevo Formato: Tapa dura ISBN-10: 0226834131 EAN: 9780226834139 ISBN: 9780226834139 Autor: Éric Monnet Tipo: Business & Economic History Subtítulos: Central Banks and the Fate of Democracies Publisher: University of Chicago Press Fecha de publicación: 29/04/2024 Description: Central banks now stand between societies and collapse, but are they still democratic?
Two decades of financial crises have dramatically expanded central banks’ powers. In 2008, and then again in 2020, unelected banking officials found themselves suddenly responsible for the public welfare—not just because it was necessary but based on an idea that their independence from political systems would insulate them from the whims of populism. Now, as international crises continue and the scope of monetary interventions grows in response, these bankers have become increasingly powerful.
In Balance of Power, economist and historian Éric Monnet charts the rise of central banks as the nominally independent—but unavoidably political—superpowers of modern societies. This trajectory, Monnet argues, is neither inevitable nor unstoppable. By embracing the political natures of today’s central banks, we can construct systems of accountability for how they interact with states and societies. Monnet shows that this effort will do more than guard against unjust power; it will put the banks to work for greater, more democratic ends.
With existential challenges looming and the work of the Federal Reserve and European Central Bank more important than ever, Balance of Power offers a trenchant case for what this century’s central banks can—and must—become. Idioma: inglés País/Región de fabricación: US Altura del artículo: 216mm Longitud del artículo: 140mm Ancho del artículo: 20mm Peso: 367g Traducción: Steven Rendall Contribuyente: Steven Rendall (Translated by) Género: Business & Finance Año de publicación: 2024 ¿Falta información?
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