A Return to Central Banking

Pierluigi Ciocca
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Pierluigi Ciocca: Accademia Nazionale dei Lincei

Chapter 8 in Stabilising Capitalism, 2015, pp 41-50 from Palgrave Macmillan

Abstract: Abstract The latest crisis brought a rethinking, both of the arrangements for the defence of stability and of the role of central banks. The collapse of finance and the rise in unemployment were followed by two developments: a reaffirmation of the flexibility of monetary policy and the assignment to central banks of greater responsibility in the care of the financial industry.

Keywords: Interest Rate; Monetary Policy; Central Bank; Euro Area; Balance Sheet (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-55551-9_8

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DOI: 10.1057/9781137555519_8

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