Book notes: Central bank capitalism: monetary policy in times of crisis, by Joscha Wullweber
This book asks if independent monetary policy is feasible at a time when central banks prop up the poorly regulated shadow banking sector
Joscha Wullweber, Central bank capitalism: monetary policy in times of crisis, Stanford University Press, 2024, 258 pages
This book offers an in-depth exploration of the evolution of modern financial systems into shadow banking-centred structures, highlighting the indispensable role of central banks. It also critically examines how governmental reluctance to adopt responsible policies has contributed to this development. A work of profound insight and exceptional observation, it provides a
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