Tuomas Valimaki, Francesco Papadia – Central Banking in Turbulent Times

Central Banking in Turbulent Times examines fundamental questions about the central banking system, asking whether the model of an independent central bank devoted to price stability is the final resting point of a complex development that started centuries ago. It dissects the hypothesis that the Great Recession has prompted a reassessment of that model; a renewed emphasis on financial stability has emerged, possibly vying for first rank in the hierarchy of objectives of central banks. This raises the risk of dilemmas, since the Great Recession brought into question implicit assumptions that the pursuit of price stability would also lead to financial stability. In addition, the border between monetary and fiscal policy was blurred both in the US and in Europe.

Central Banking in Turbulent Times asks whether the model prevailing before the Great Recession has been irrevocably altered. Are we entering, as Charles Goodhart has hypothesized, into the “fourth epoch” of central banking? Are changes to central banks part of a move away from the global liberal order that seemed to have prevailed at the turn of the century?

Central Banking in Turbulent Times seeks to answer these questions.

Author: Tuomas Valimaki, Francesco Papadia
Narrator: Keith Sellon-Wright
Duration: 11 hours 17 minutes
Released: 18 Apr 2009
Publisher: Tantor Audio
Language: English

User Review:

redneck grassy

Not sure why the author chose to include a section on buying real estate. The fact that the author suggests to go on chatroom and to pump up interest in your investment is appalling and I can’t believe that’s a strategy. The author also suggests to ask your broker for investment recommendations. I don’t know of any broker in America that has the knowledge to give anybody a well researched and the thought through investment recommendation. The book has some good information, but nothing unique.