Opis: Central Banking and Financialization - Daniela Gabor, D Gabor

At the beginning of 2009, Eastern Europe became the source of increasing concerns, as it was feared that the large foreign borrowing of its banking system could trigger an economic cataclysm. This book explores how and why Eastern Europe became subprime, taking Romania as a paradigmatic case study. It explains the region's vulnerability through the hegemony of neoliberal discourses and growing pressures of financialization in money and currency markets. The volume identifies central banks as key institutions in the reconstitution of formerly planned economies. It advances a conceptual approach to the political economy of central banking that distinguishes between monetary theory, policy discourse and practices of monetary management. This re-politicization is fundamental for understanding how central banks are produced through, and operate within, processes of neoliberal financialization. This book is indispensable reading for all interested in banking, monetary economics, political economy and development economics. "Some people claim that Strauss-Kahn was a 'reformer' who changed the IMF after he took over in 2009. Certainly, there was a shift in rhetoric -- but detailed study by Dr Daniela Gabor ... has shown that the substance is business-as-usual."- The IndependentIntroduction The Political Economy of Central Banking: from Keynesianism to inflation targeting The 'Gradualist' Years: 1990-1996 The Dawn of a New Era: 1997-2005 Inflation Targeting in the Run-up to the Crisis Coping in the Subprime Region Conclusion and Implications Bibliography

Szczegóły: Central Banking and Financialization - Daniela Gabor, D Gabor

Tytuł: Central Banking and Financialization
Autor: Daniela Gabor, D Gabor
Producent: Palgrave Macmillan
ISBN: 9780230276154
Rok produkcji: 2010
Ilość stron: 272
Oprawa: Twarda
Waga: 0.43 kg

Recenzje: Central Banking and Financialization - Daniela Gabor, D Gabor