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The Blurb On The Back:
In the wake of the 2007 financial crisis, central banks injected trillions of dollars of liquidity – through quantitative easing – to prevent financial meltdown and stimulate the economy. The untold story behind these measures is that they have come at a considerable cost.
Central bankers argue we had no choice. Using examples from Europe and the US, this book shows why this claim is false. It outlines why we should worry about the role played by central banks since the crisis and what could be done about it. Not only do central bank policies drive economic inequality, they have also become worryingly dependent on financial markets. Far from applying neutral and scientific solutions, their expertise is often biased in predictable ways.
This book is a sobering and urgent wake-up call for policy makers and anyone interested in how our monetary and financial system really works.
( The Review (Cut For Spoilers): )
The Verdict:
In this interesting but, in my opinion, flawed book Peter Dietsch, François Claveau and Clément Fontan look at whether central banks actually serve their main purpose of serving the benefit of the people by examining whether they take into account the side effects of their policies through the prism of the effects of monetary policy since the 2007 financial crisis and examining conflicts of interest within central bank policy.
DO CENTRAL BANKS SERVE THE PEOPLE? was released in the United Kingdom on 6th July 2018. Thanks to the Amazon Vine Programme for the review copy of this book.
In the wake of the 2007 financial crisis, central banks injected trillions of dollars of liquidity – through quantitative easing – to prevent financial meltdown and stimulate the economy. The untold story behind these measures is that they have come at a considerable cost.
Central bankers argue we had no choice. Using examples from Europe and the US, this book shows why this claim is false. It outlines why we should worry about the role played by central banks since the crisis and what could be done about it. Not only do central bank policies drive economic inequality, they have also become worryingly dependent on financial markets. Far from applying neutral and scientific solutions, their expertise is often biased in predictable ways.
This book is a sobering and urgent wake-up call for policy makers and anyone interested in how our monetary and financial system really works.
( The Review (Cut For Spoilers): )
The Verdict:
In this interesting but, in my opinion, flawed book Peter Dietsch, François Claveau and Clément Fontan look at whether central banks actually serve their main purpose of serving the benefit of the people by examining whether they take into account the side effects of their policies through the prism of the effects of monetary policy since the 2007 financial crisis and examining conflicts of interest within central bank policy.
DO CENTRAL BANKS SERVE THE PEOPLE? was released in the United Kingdom on 6th July 2018. Thanks to the Amazon Vine Programme for the review copy of this book.
