000			02170nam a22003378i 4500
001			CR9781316402672
003			UkCbUP
005			20240905142414.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			150303s2018||||enk o ||1 0|eng|d
020			_a9781316402672 (ebook)
020			_z9781107122031 (hardback)
020			_z9781107552340 (paperback)
040			_aUkCbUP _beng _erda _cUkCbUP
050	0	0	_aHG1511 _b.P59 2018
082	0	0	_a332.1/109 _223
100	1		_aPixley, Jocelyn, _d1947- _eauthor.
245	1	0	_aCentral banks, democratic states and financial power / _cJocelyn Pixley, Macquarie University.
264		1	_aCambridge : _bCambridge University Press, _c2018.
300			_a1 online resource (xiv, 465 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
500			_aTitle from publisher's bibliographic system (viewed on 28 Sep 2018).
520			_aWhen the Federal Reserve, European Central Bank and Bank of England purchased bank and state debt during the 2007-2008 crisis, it became apparent that, when technically divorced from fiscal policy, monetary policy cannot revive but only prevent economic activity deteriorating further. Pixley explains how conflicting social forces shape the diverse, complex relations of central banks to the money production of democracies and the immense money creation by capitalist banking. Central banks are never politically neutral and, despite unfair demands, are unable to prevent collapses to debt deflation or credit/asset inflation. They can produce debilitating depressions but not the recoveries desired in democracies and unwanted by capitalist banks or war finance logics. Drawing on economic sociology and economic histories, this book will appeal to informed readers interested in studying democracies, banks and central banking's ambivalent positions, via comparative and distributive perspectives.
650		0	_aBanks and banking, Central _xHistory.
776	0	8	_iPrint version: _z9781107122031
856	4	0	_uhttps://doi.org/10.1017/9781316402672
942			_2ddc _cEB
999			_c9144 _d9144