by Louis-Philippe Rochon (Author, Editor), Salewa 'Yinka Olawoye (Author, Editor)
About the Author
Edited by Louis-Philippe Rochon, Associate Professor and Director, International Economic Policy Institute, Laurentian University, Sudbury, Canada and Co-editor, Review of Keynesian Economics and Salewa 'Yinka Olawoye, Doctoral Student, University of Missouri-Kansas City, US.
Contributors: A. Asensio, J. Bibow, R. Dimand, R. Guttmann, E. Kam, R. Koehn, M. Lavoie, E. Le Heron, N. Levy-Orlik, W. Mosler, S. Olawoye, L.-P. Rochon, M. Seccareccia, M. Setterfield, J. Smithin, D. Tropeano, K. von Seekamm
About this book
Has the economic and financial crisis changed the way we conduct monetary policy? Is quantitative easing consistent with the endogeneity of money? These are but two of the questions this new book explores. The various contributors offer interesting and new perspectives on the conduct of monetary policy during the crisis, and provide sharp criticism of central bank policies in the US and Europe.
Divided into two parts, this book presents a detailed, multi-faceted analysis of banking and monetary policy. The first part examines the role of central banks within an endogenous money framework. These chapters address post-Keynesian interest rate policy, monetary mercantilism, financial market organization and developing economies. In the second part of the book, the focus switches to the analysis of the financial crisis that began in 2007. The chapters in this section discuss the role of central banks in times of crisis.
Monetary Policy and Central Banking is a must read for all those interested in the critical analysis of monetary policy. Students and scholars of post-Keynesian economics, banking, and financial crises will find this book of particular relevance.
Table of contents
PART I CENTRAL BANKING AND MONETARY POLICY
1 Between the cup and the lip: on Post Keynesian interest rate rules and long- term interest rate management
2 Stabilization policy with an endogenous commercial bank
3 Capitalism in one country? A re- examination of mercantilist systems from the fi nancial point of view
4 Proposals for the banking system, the FDIC, the Fed, and the Treasury
5 Financial market organizations, central banks and credits: the experience of developing economies
PART II CENTRAL BANK POLICY IN TIMES OF CRISIS
6 Financial crisis, state of confi dence, and economic policies in a Post Keynesian stock- fl ow consistent model
7 Central bank responses to fi nancial crises: lenders of last resort in interesting times
8 Central banking in a systemic crisis: the Federal Reserve’s “credit easing”
9 Monetary policy in a period of fi nancial chaos: the political economy of the Bank of Canada in extraordinary times
10 The euro and its guardian of stability: fi ction and reality of the 10th anniversary blast
11 Quantitative easing in the United States after the crisis: conflicting views
Hardcover: 272 pages
Publisher: Edward Elgar Pub (September 30, 2012)
Language: English
ISBN-10: 1849807353
ISBN-13: 978-1849807357