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Central banks have become the go-to institution of modern economies. In the wake of the 2007 financial crisis, they injected trillions of dollars of liquidity – through a process known as quantitative easing – first to prevent financial meltdown and later to stimulate the economy. The untold story behind these measures, and behind the changing roles of central banks generally, is that they have come at a considerable cost. 

Central banks argue we had no choice. This book offers a powerfully original examination of why this claim is false. Using examples from Europe and the US, the authors present and analyse three specific concerns about the way central banks in developed economies operate today. Firstly, they show how unconventional monetary policies have created significant unintended negative consequences in terms of inequalities in income and wealth. They go on to argue that central banks may have become independent of governments, but have instead become worryingly dependent on financial markets. They then proceed to analyse how central bankers, despite being the undisputed experts on monetary policy, can still err and suffer from multiple forms of bias. 

This book is a sobering and urgent wake-up call for policy-makers and anyone interested in how our monetary and financial system really works.


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do central banks serve the people? wiley do central banks serve the people? wiley central banks have be the goto institution of mrn economies. in the wake of the 2007 financial crisis they injected trillions of dollars of liquiditythrough a process known as quantitative easingfirst to prevent financial meltdown and later to stimulate the economy.
amazon do central banks serve the people? the future amazon do central banks serve the people? the future of capitalism 9781509525768 dietsch peter claveau franois fontan clment books


do central banks serve the people? peter dietsch this excellent book shows that central banking is a political process with profound distributional consequences. it is a must read for anyone wanting to know how central banks could work to serve the people.daniela gabor university of the west of england


do central banks serve the people? canada research chair central bankers argue we had no choice. using examplesom europe and the us this book shows why this claim is false. it outlines why we should worry about the role played by central banks since the crisis and what could be done about it. not only do central bank policies drive economic inequality they have also be worryinglypent on financial markets.


do central banks serve the people? money amp banking this excellent book shows that central banking is a political process with profound distributional consequences. it is a must read for anyone wanting to know how central banks could work to serve the people. daniela gabor university of the west of england


new book do central banks serve the people? canada peter dietsch franois claveau and clment fontan just signed a new book entitled do central banks serve the people? published with polity. in the wake of the 2007 financial crisis central banks injected trillions of dollars of liquidity through quantitative easing to prevent financial meltdown and stimulate the economy.


do central banks serve the people? von peter dietsch this excellent book shows that central banking is a political process with profound distributional consequences. it is a must read for anyone wanting to know how central banks could work to serve the people.


jens weidmann the role of the central bank in a mrn 1 p. dietsch f. claveau and c. fontan 2018 do central banks serve the people? polity cambridge a. riles 2018 financial citizenship experts publics amp the politics of central banking cornell university press ithaka and london.. 2 s. h. hanke and n. krus 2012 world hyperinflations cato working paper no 8.. 3 j. m. keynes 1924 a tract on mary reform prometheus books .


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