Federal Central Banks: A Comparison of the US Federal Reserve and the European Central Bank

Whimster, Sam; Lloyd, Michael; Bojkova, Viara

ISBN 10: 1907144102 / ISBN 13: 9781907144103

Verlag: Forumpress, 2018

In. Bestandsnummer des Verkäufers ria9781907144103_new

Inhaltsangabe:

Federal Central Banks is a unique study that critically examines the role and impact of central banks in federal and confederal political systems.

• It conducts a detailed examination of the history, design and operation of central banking in the United States and in the European Union.
• The contradiction between the centralizing features of banking and monetary policy and the political and economic expectations of pluralist federal democracy is explored.
• Regional economic disparities are seen to be amplified by modern 'independent' central banking.
• The response of the US Treasury and Federal Reserve to the GFC is rated as superior to immature Eurozone institutions. But both underperformed in not providing adequate fiscal-monetary solutions.
• Quantitative easing rescued the financial sector from collapse, but exacerbated wealth inequalities and failed to provide a sufficiently rapid economic recovery.
• Federal level banking reforms need to go hand in hand with democratic accountability.
• The Eurozone governance structures are dysfunctional and undemocratic and should be reformed.

Bibliografische Details

Titel: Federal Central Banks: A Comparison of the ...
Verlag: Forumpress
Erscheinungsdatum: 2018
Einband: Softcover
Zustand: New