03940nam a22004935i 4500001001800000003000900018005001700027007001500044008004100059020001800100024003500118050001200153072001600165072002300181072001500204245014300219250001800362264006900380300006400449336002600513337002600539338003600565347002400601490007700625505072400702520143501426650002002861650001302881650002102894650001502915650001902930650004302949650002502992650002103017650004103038700007603079710003403155773002603189776003603215776003603251776003603287830007703323856004603400978-3-031-66473-1DE-He21320251030113039.0cr nn 008mamaa240912s2024    sz |    s    |||| 0|eng d  a97830316647317 a10.1007/978-3-031-66473-12doi 4aHB172.5 7aKCB2bicssc 7aBUS0390002bisacsh 7aKCB2thema14aThe Age of Debt Bubblesh[electronic resource] :bAn Analysis of Debt Crises, Asset Bubbles and Monetary Policy /cedited by Max Rangeley.  a1st ed. 2024. 1aCham :bSpringer Nature Switzerland :bImprint: Springer,c2024.  aIX, 144 p. 38 illus., 31 illus. in color.bonline resource.  atextbtxt2rdacontent  acomputerbc2rdamedia  aonline resourcebcr2rdacarrier  atext filebPDF2rda1 aProfessional Practice in Governance and Public Organizations,x2731-97840 aPart I. Understanding the Monetary System and Debt Bubbles in Modern Economies -- Chapter 1. How Money is Created in a Modern Economy (Max Rangeley) -- Chapter 2. Business Cycles, Debt Bubbles and the Monetary System (Max Rangeley) -- Chapter 3. Analysis of the Formation of the Super Bubble (Max Rangeley) -- Part II. Policy Makers and the Age of Debt Bubbles -- Chapter 4. Why The Monetary Policy Framework in Advanced Countries Needs Fundamental Reform (William White) -- Chapter 5. The State, the Market, and CBDCs (Miguel Fernandez Ordonez) -- Chapter 6. Monetary and Fiscal Policy Challenges in Europe since 2000: A Comprehensive Analysis (Barbara Kolm) -- Chapter 7. Politics and the Monetary and Banking System.  aThis book illustrates how central bank policies such as zero percent interest rates have brought about a $300 trillion global debt bubble. The authors, both academics and policy-makers, offer first-hand insights into the economic and financial market mechanisms that have caused the debt bubbles of the past few decades, as well as the political economy that drives such policy-making. Written in an accessible style, the book illustrates how central banks responded to recessions by creating successively larger debt bubbles with lower and lower interest rates, thereby distorting the pricing mechanisms of credit markets and bringing about a series of credit expansions beginning in the early 1980s. This book brings together senior policy-makers from the world of politics and central banking who describe the negative effects of central bank policies of the last generation. The policy-makers include the former manager of the Monetary and Economic Department at the Bank for International Settlements (the central bank of central banks), the Vice President of the Austrian central bank, the former governor of the Spanish central bank and a former senior member of the European Parliament. The core part of the book is written by experienced economists with academic rigor, with other chapters written by senior policy-makers going through the intricacies of the problems of central banking, and how things might be reformed. 0aMacroeconomics. 0aFinance. 0aEconomic policy. 0aEconomics. 0aSocial choice.14aMacroeconomics and Monetary Economics.24aFinancial Economics.24aEconomic Policy.24aPublic Choice and Political Economy.1 aRangeley, Max.eeditor.4edt4http://id.loc.gov/vocabulary/relators/edt2 aSpringerLink (Online service)0 tSpringer Nature eBook08iPrinted edition:z978303166472408iPrinted edition:z978303166474808iPrinted edition:z9783031664755 0aProfessional Practice in Governance and Public Organizations,x2731-978440uhttps://doi.org/10.1007/978-3-031-66473-1