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Taming the Cycles of Finance?

By: Matthias (Sciences Po Paris) Thiemann (Author)

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Ksh 22,800.00

Format: Hardback or Cased Book

ISBN-13: 9781009233132

Publisher: Cambridge University Press

Publication Date: Dec 31st, 2023

Category: Monetary economics

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Central banks act as systemic firefighters, quelling financial instability. This book traces post-crisis attempts to limit instability, turning central banks de facto into policemen. It details the massive investment of central bank economists to enable this preventive policy and shows administrative and political constraints limiting its effects.

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