Central Banking, Monetary Policy and Social Responsibility

Central Banking, Monetary Policy and Social Responsibility

Vallet, Guillaume; Kappes, Sylvio; Rochon, Louis-Philippe

Edward Elgar Publishing Ltd

08/2022

256

Dura

Inglês

9781800372221

15 a 20 dias

Contents:

Introduction to Central Banking, Monetary Policy and Social
Responsibility 1
Guillaume Vallet, Sylvio Kappes and Louis-Philippe Rochon
1 Will central bank independence withstand political pressure? 20
Charles Goodhart and Manoj Pradhan
2 Some of the effects of monetary structures, politics, and
memories on central banking 35
John H. Wood
3 The whys and how of central bank independence: from
legal principles to operational accountability 57
Maqsood Aslam, Etienne Farvaque and Piotr Stanek
4 Bankocracy, or a new age of the European Central Bank 74
Marie Cuillerai
5 Central banking and inequalities: old tropes and new practices 88
Francois Claveau, Clement Fontan, Peter Dietsch and
Jeremie Dion
6 Making environments safer: a safe asset for a green (and
financial) new deal and for more responsible central banks
- what could, and should, the ECB do? 112
Massimo Amato and Lucio Gobbi
7 Masters of the game: the power and social responsibility of
central banks and central bankers in a democracy 136
Louis-Philippe Rochon and Guillaume Vallet
8 The past is already gone, the future is not yet here: the case
of the Federal Reserve's system of money management 159
Jong-Un Song
9 Precautionary monetary policy and democratic legitimacy:
tensions and openings 172
Rob Macquarie
10 The social sources of "unelected power": how central
banks became entrapped by infrastructural power and what
this can tell us about how (not) to democratize them 195
Timo Walter

Index 219
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CENTRAL BANKING; MONETARY POLICY; SOCIAL RESPONSIBILITY; DEMOCRACY