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020 _a9783031770364
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024 7 _a10.1007/978-3-031-77036-4
_2doi
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072 7 _aBUS023000
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100 1 _aRoselli, Alessandro.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
_990558
245 1 4 _aThe Political Economy of Central Banking
_h[electronic resource] :
_bA Short History of the Changing Role of Central Banks /
_cby Alessandro Roselli.
250 _a1st ed. 2024.
264 1 _aCham :
_bSpringer Nature Switzerland :
_bImprint: Palgrave Macmillan,
_c2024.
300 _aXX, 348 p. 4 illus., 3 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
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347 _atext file
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505 0 _aChapter I Money and Credit: Inseparable like the Grinning from the Cheshire Cat -- Chapter II How Banks of Issue Became Central Banks -- Chapter III Central Bank at War: Subservient to the Government -- Chapter IV Interwar Phase 1. Gold Standard Re-establishment and the Great Depression -- Chapter V Interwar Phase 2. The London Conference and the Gold Standard Collapse -- Chapter VI Central Bank: Independent Within the Government -- Chapter VII Inflation Is Always and Everywhere a Monetary Phenomenon -- Chapter VIII Banking Supervision in a Context of Deregulation -- CHAPTER X Financial Crisis and Recession.
520 _aThis book presents a comprehensive overview of central banks and their functions, from the first ‘banks of issue’ in the late 17th century to their place in modern advanced economies. It traces the growth of these institutions through time, and raises pertinent questions about their political representation in the present day. With a broad focus on themes of money creation, monetary policy, foreign exchange policy, and supervision and regulation, this book demonstrates how central banking grew significantly during the 19th century with the establishment of central banks as an independent institution. It discusses the transformations to central banking brought about by the upheaval of the 20th century, including world wars, economic crises, and social unrest, with the creation of ‘fiat money’ replacing a rigid gold standard, and charts these changes across different country settings including the evolving relationship of central banks to both democratic and authoritarian political systems. The book argues that challenges to central banking come from opposite sides: theories that see the government as the sole creator of currency and deny any autonomy to the central bank, and the emergence of private, unregulated cryptocurrencies, where the concept of money is framed in an anarchic vision of the society. Written in an accessible style, this book will be of interest to scholars of financial history and political economy, as well as any reader interested in the role of central banks in civic society. Alessandro Roselli spent most of his career at the Bank of Italy. He has been a Jemolo fellow at Nuffield College, University of Oxford, an honorary fellow at Cass (now Bayes) Business School, City, University of London, and is now a visiting research fellow of the Max Beloff Institute, University of Buckingham. He has written extensively on economic history and financial regulation.
650 0 _aFinance.
_958339
650 0 _aHistory.
650 0 _aEconomic history.
_957506
650 0 _aEconomics.
_958354
650 0 _aMacroeconomics.
650 1 4 _aFinancial History.
_971057
650 2 4 _aEconomic History.
_957506
650 2 4 _aPolitical Economy and Economic Systems.
_970994
650 2 4 _aMacroeconomics and Monetary Economics.
_969508
650 2 4 _aFinancial Economics.
_969737
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9783031770357
776 0 8 _iPrinted edition:
_z9783031770371
776 0 8 _iPrinted edition:
_z9783031770388
856 4 0 _uhttps://doi.org/10.1007/978-3-031-77036-4
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