Federal Central Banks: A Comparison of the US Federal Reserve and the European Central Bank

Federal Central Banks is a unique study that critically examines the role and impact of central banks in federal and confederal political systems. It conducts a detailed examination of the history, design and operation of central banking in the United States and in the European Union. The contradiction between the centralizing features of banking and monetary policy and the political and economic expectations of pluralist federal democracy is explored. Regional economic disparities are seen to be amplified by modern 'independent' central banking. The response of the US Treasury and Federal Reserve to the GFC is rated as superior to immature Eurozone institutions. But both underperformed in not providing adequate fiscal-monetary solutions. Quantitative easing rescued the financial sector from collapse, but exacerbated wealth inequalities and failed to provide a sufficiently rapid economic recovery. Federal level banking reforms need to go hand in hand with democratic accountability. The Eurozone governance structures are dysfunctional and undemocratic and should be reformed.
ASIN: 1907144102
VSKU: BVV.1907144102.G
Condition: Good
Author/Artist:Whimster, Sam|Lloyd, Michael|Bojkova, Viara
Binding: Paperback
Note: Any images shown are stock photographs and product may differ from what is shown.
Condition Notes: The item shows wear from consistent use, but it remains in good condition and works perfectly. All pages and cover are intact including the dust cover, if applicable . Spine may show signs of wear. Pages may include limited notes and highlighting. May NOT include discs, access code or other supplemental materials.