04314nam a22005775i 4500 978-3-031-66473-1 DE-He213 20251030113039.0 cr nn 008mamaa 240912s2024 sz | s |||| 0|eng d 9783031664731 978-3-031-66473-1 10.1007/978-3-031-66473-1 doi HB172.5 KCB bicssc BUS039000 bisacsh KCB thema The Age of Debt Bubbles [electronic resource] : An Analysis of Debt Crises, Asset Bubbles and Monetary Policy / edited by Max Rangeley. 1st ed. 2024. Cham : Springer Nature Switzerland : Imprint: Springer, 2024. IX, 144 p. 38 illus., 31 illus. in color. online resource. text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Professional Practice in Governance and Public Organizations, 2731-9784 Part 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. This 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. Macroeconomics. Finance. 58339 Economic policy. 58351 Economics. 58354 Social choice. 70816 Macroeconomics and Monetary Economics. 69508 Financial Economics. 69737 Economic Policy. 58351 Public Choice and Political Economy. 70817 Rangeley, Max. editor. edt http://id.loc.gov/vocabulary/relators/edt 84190 SpringerLink (Online service) Springer Nature eBook Printed edition: 9783031664724 Printed edition: 9783031664748 Printed edition: 9783031664755 Professional Practice in Governance and Public Organizations, 2731-9784 71940 https://doi.org/10.1007/978-3-031-66473-1 ZDB-2-ECF ZDB-2-SXEF 63331 63331