LEADER 04120nam 22006375 450 001 9910887880103321 005 20250808085419.0 010 $a3-031-66473-6 024 7 $a10.1007/978-3-031-66473-1 035 $a(MiAaPQ)EBC31673196 035 $a(Au-PeEL)EBL31673196 035 $a(CKB)35136297800041 035 $a(DE-He213)978-3-031-66473-1 035 $a(EXLCZ)9935136297800041 100 $a20240912d2024 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 14$aThe Age of Debt Bubbles $eAn Analysis of Debt Crises, Asset Bubbles and Monetary Policy /$fedited by Max Rangeley 205 $a1st ed. 2024. 210 1$aCham :$cSpringer Nature Switzerland :$cImprint: Springer,$d2024. 215 $a1 online resource (150 pages) 225 1 $aProfessional Practice in Governance and Public Organizations,$x2731-9784 311 08$a3-031-66472-8 327 $aPart I. Understanding the Monetary System and Debt Bubbles in Modern Economies -- Chapter 1. How Money is Created in a Modern Economy (Max Rangeley) -- Chapter 2. Business Cycles, Debt Bubbles and the Monetary System (Max Rangeley) -- Chapter 3. Analysis of the Formation of the Super Bubble (Max Rangeley) -- Part II. Policy Makers and the Age of Debt Bubbles -- Chapter 4. Why The Monetary Policy Framework in Advanced Countries Needs Fundamental Reform (William White) -- Chapter 5. The State, the Market, and CBDCs (Miguel Fernandez Ordonez) -- Chapter 6. Monetary and Fiscal Policy Challenges in Europe since 2000: A Comprehensive Analysis (Barbara Kolm) -- Chapter 7. Politics and the Monetary and Banking System. 330 $aThis book illustrates how central bank policies such as zero percent interest rates have brought about a $300 trillion global debt bubble. The authors, both academics and policy-makers, offer first-hand insights into the economic and financial market mechanisms that have caused the debt bubbles of the past few decades, as well as the political economy that drives such policy-making. Written in an accessible style, the book illustrates how central banks responded to recessions by creating successively larger debt bubbles with lower and lower interest rates, thereby distorting the pricing mechanisms of credit markets and bringing about a series of credit expansions beginning in the early 1980s. This book brings together senior policy-makers from the world of politics and central banking who describe the negative effects of central bank policies of the last generation. The policy-makers include the former manager of the Monetary and Economic Department at the Bank for International Settlements (the central bank of central banks), the Vice President of the Austrian central bank, the former governor of the Spanish central bank and a former senior member of the European Parliament. The core part of the book is written by experienced economists with academic rigor, with other chapters written by senior policy-makers going through the intricacies of the problems of central banking, and how things might be reformed. 410 0$aProfessional Practice in Governance and Public Organizations,$x2731-9784 606 $aMacroeconomics 606 $aFinance 606 $aEconomic policy 606 $aEconomics 606 $aSocial choice 606 $aMacroeconomics and Monetary Economics 606 $aFinancial Economics 606 $aEconomic Policy 606 $aPublic Choice and Political Economy 615 0$aMacroeconomics. 615 0$aFinance. 615 0$aEconomic policy. 615 0$aEconomics. 615 0$aSocial choice. 615 14$aMacroeconomics and Monetary Economics. 615 24$aFinancial Economics. 615 24$aEconomic Policy. 615 24$aPublic Choice and Political Economy. 676 $a332.02402 700 $aRangeley$b Max$01785657 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910887880103321 996 $aThe Age of Debt Bubbles$94430398 997 $aUNINA