In Unexpected Revolutionaries, Manuela Moschella investigates the institutional transformation of central banks from the 1970s to the present.
Central banks are typically regarded as conservative, politically neutral institutions that uphold conventional macroeconomic wisdom. Yet in the wake of the 2008 global financial crisis and the 2020 Covid-19 crisis, central banks have upended observer expectations by implementing largely unknown and unconventional monetary policies. Far from abiding by well-established policy playbooks, central banks now engage in practices such as providing liquidity support for a wide range of financial institutions and quantitative easing, and have even stretched the remit of monetary policy into issues such as inequality and climate change.
Moschella argues that the political nature of central banks lies at the heart of these transformations. While formally independent, central banks need political support to justify their policies and powers, and to obtain it, they carefully manage their reputation among their audienceselected officials, market actors, citizens. Challenged by reputational threats brought about by twenty-first century recessionary and deflationary forces, central banks such as the Federal Reserve System and the European Central Bank strategically deviated from orthodox monetary policies to preempt or manage political backlash and to regain public trust. Central banks so evolved into a new role only in coordination with fiscal authorities and on the back of public contestation.
Eye-opening and insightful, Unexpected Revolutionaries is necessary reading for discussions on the future of the neoliberal macroeconomic regime, the democratic oversight of monetary policymaking, and the role that central banks can—or cannot—play in our domestic economies.
Автор: Barter, Shane Joshua Название: Fighting armed conflicts in southeast asia ISBN: 1108722415 ISBN-13(EAN): 9781108722414 Издательство: Cambridge Academ Рейтинг: Цена: 19010.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: This Element seeks to make sense of Southeast Asia`s numerous armed conflicts, analysing typology, ethnicity, trends and conflict management. Just as ethnicity shapes conflicts, ethnic leaders and traditions can also promote peace. Cultural mechanisms are especially important for managing conflicts, the lone type not declining in Southeast Asia.
Автор: Shane Joshua Barter, William Ascher Название: Internal Migration: Challenges in Governance and Integration ISBN: 1433170809 ISBN-13(EAN): 9781433170805 Издательство: Peter Lang Рейтинг: Цена: 102450.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание:
Internal Migration: Challenges in Governance and Integration focuses on the challenges associated with internal migration across the developing world. While international migration captures significant attention, less attention has been paid to those migrating within recognized national borders. The sources of internal migration are not fundamentally different from international migration, as migrants may be pushed by violence, disasters, state policies, or various opportunities. Although they do not cross international borders, they may still cross significant internal borders, with cultural differences and perceived state favoritism generating a potential for "sons of the soil" conflicts. As citizens, internal migrants are in theory to be provided legal protection by host states, however this is not always the case, and sometimes their own states represent the cause of their displacement. The chapters in this book explain how international organizations, host states, and host communities may navigate the many challenges associated with internal migration.
Автор: S. Barter Название: Civilian Strategy in Civil War ISBN: 1349486868 ISBN-13(EAN): 9781349486861 Издательство: Springer Рейтинг: Цена: 74530.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: While typically the victims of war, civilians are not necessarily passive recipients of violence. What options are available to civilians in times of war? This book suggests three broad strategies - flight, support, and voice. It focuses on three conflicts: Aceh, Indonesia; Patani, southern Thailand; and Mindanao, southern Philippines.
Автор: David Woodruff Название: Money Unmade: Barter and the Fate of Russian Capitalism ISBN: 0801436605 ISBN-13(EAN): 9780801436604 Издательство: Wiley EDC Рейтинг: Цена: 57200.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание:
Since the collapse of the Soviet Union, Russians have seen the ruble steadily lose ground to alternative means of payment such as barter and privately issued quasi-monies. Industry now collects as much as 70 percent of its receipts in nonmonetary form, leaving many firms with too little cash to pay salaries and taxes. In this ground-breaking book on the Russian economy, David Woodruff argues that Moscow's inability to control the nation's currency is not a carry-over from the Soviet past. Rather, the Russian government has failed to build the administrative capacity and political support demanded by monetary consolidation—a neglected but crucial aspect of capitalist statebuilding.
Drawing on a vast array of empirical evidence, Woodruff shows how the widespread use of barter arose as local authorities tried to protect industry against the destructive effects of price increases and crude tax and accounting systems. As businesses fled or were driven from the money economy, provincial governments invented new ways to tax in kind and issued substitutes for the ruble. In turn, the federal authorities, unable to coerce firms either to operate in the money economy or to abandon business altogether, were forced to make accommodations to barter and to ruble alternatives. Woodruff describes the enormous fiscal difficulties that resulted and recounts the intense political battles over attempts to address the problem.
Through an overview of monetary consolidation in other nations, Woodruff demonstrates that the struggles of the new Russian state have much to teach us about the political history of money worldwide. Sovereignty over money cannot, he argues, be imposed by government on a recalcitrant society. Nor can it be assumed as a by-product of disciplined policies aimed at market reform. Monetary consolidation is, at heart, a political achievement requiring political support.
Автор: Seabright Название: The Vanishing Rouble ISBN: 0521790379 ISBN-13(EAN): 9780521790376 Издательство: Cambridge Academ Рейтинг: Цена: 77090.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: An accessible and authoritative analysis of barter in the former Soviet Union. Essential reading for area specialists as well as economists and anthropologists interested in the role of money and social networks in modern societies.
Автор: Seabright Название: The Vanishing Rouble ISBN: 0521795427 ISBN-13(EAN): 9780521795425 Издательство: Cambridge Academ Рейтинг: Цена: 40130.00 T Наличие на складе: Есть у поставщика Поставка под заказ. Описание: An accessible and authoritative analysis of barter in the former Soviet Union. Essential reading for area specialists as well as economists and anthropologists interested in the role of money and social networks in modern societies.
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