LEADER 04511nam 22006735 450 001 9910977982703321 005 20250130115220.0 010 $a9783031770364 010 $a3031770366 024 7 $a10.1007/978-3-031-77036-4 035 $a(CKB)37407531900041 035 $a(MiAaPQ)EBC31897062 035 $a(Au-PeEL)EBL31897062 035 $a(DE-He213)978-3-031-77036-4 035 $a(OCoLC)1499720382 035 $a(EXLCZ)9937407531900041 100 $a20250130d2024 u| 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 14$aThe Political Economy of Central Banking $eA Short History of the Changing Role of Central Banks /$fby Alessandro Roselli 205 $a1st ed. 2024. 210 1$aCham :$cSpringer Nature Switzerland :$cImprint: Palgrave Macmillan,$d2024. 215 $a1 online resource (359 pages) 311 08$a9783031770357 311 08$a3031770358 327 $aChapter I Money and Credit: Inseparable like the Grinning from the Cheshire Cat -- Chapter II How Banks of Issue Became Central Banks -- Chapter III Central Bank at War: Subservient to the Government -- Chapter IV Interwar Phase 1. Gold Standard Re-establishment and the Great Depression -- Chapter V Interwar Phase 2. The London Conference and the Gold Standard Collapse -- Chapter VI Central Bank: Independent Within the Government -- Chapter VII Inflation Is Always and Everywhere a Monetary Phenomenon -- Chapter VIII Banking Supervision in a Context of Deregulation -- CHAPTER X Financial Crisis and Recession. 330 $aThis book presents a comprehensive overview of central banks and their functions, from the first 'banks of issue' in the late 17th century to their place in modern advanced economies. It traces the growth of these institutions through time, and raises pertinent questions about their political representation in the present day. With a broad focus on themes of money creation, monetary policy, foreign exchange policy, and supervision and regulation, this book demonstrates how central banking grew significantly during the 19th century with the establishment of central banks as an independent institution. It discusses the transformations to central banking brought about by the upheaval of the 20th century, including world wars, economic crises, and social unrest, with the creation of 'fiat money' replacing a rigid gold standard, and charts these changes across different country settings including the evolving relationship of central banks to both democratic and authoritarian political systems. The book argues that challenges to central banking come from opposite sides: theories that see the government as the sole creator of currency and deny any autonomy to the central bank, and the emergence of private, unregulated cryptocurrencies, where the concept of money is framed in an anarchic vision of the society. Written in an accessible style, this book will be of interest to scholars of financial history and political economy, as well as any reader interested in the role of central banks in civic society. Alessandro Roselli spent most of his career at the Bank of Italy. He has been a Jemolo fellow at Nuffield College, University of Oxford, an honorary fellow at Cass (now Bayes) Business School, City, University of London, and is now a visiting research fellow of the Max Beloff Institute, University of Buckingham. He has written extensively on economic history and financial regulation. 606 $aFinance 606 $aHistory 606 $aEconomic history 606 $aEconomics 606 $aMacroeconomics 606 $aFinancial History 606 $aEconomic History 606 $aPolitical Economy and Economic Systems 606 $aMacroeconomics and Monetary Economics 606 $aFinancial Economics 615 0$aFinance. 615 0$aHistory. 615 0$aEconomic history. 615 0$aEconomics. 615 0$aMacroeconomics. 615 14$aFinancial History. 615 24$aEconomic History. 615 24$aPolitical Economy and Economic Systems. 615 24$aMacroeconomics and Monetary Economics. 615 24$aFinancial Economics. 676 $a332.1109 700 $aRoselli$b Alessandro$0116889 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910977982703321 996 $aThe Political Economy of Central Banking$94332261 997 $aUNINA