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A Return to Central Banking

In: Stabilising Capitalism

Author

Listed:
  • Pierluigi Ciocca

    (Accademia Nazionale dei Lincei)

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.

Suggested Citation

  • Pierluigi Ciocca, 2015. "A Return to Central Banking," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Stabilising Capitalism, chapter 8, pages 41-50, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-1-137-55551-9_8
    DOI: 10.1057/9781137555519_8
    as

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