Mystic Hand  -  Johan Van Overtveldt

What Central Bankers Have Unlearned, Relearned, and Still Have to Learn

KORTE INHOUD

It’s hardly an exaggeration to claim that over the last few decades, central bankers have achieved unprecedented status. Especially since the global financial crisis of 2008, the world holds its breath whenever they announce new policy interventions. Given the opaque nature of the money supply, in the eyes of most citizens, the “mystic hand” of central bankers is felt everywhere. Never before have central bank policies been so decisive, not only for financial markets but also for national economies and public welfare in general.

This book traces the way in which central bankers learned, unlearned, relearned and still have to learn the tricks of their trade. The lessons taught by nineteenth-century grands savants like Henry Thornton and Walter Bagehot, once instilled, were eventually neglected. This led directly to the policy mistakes that produced the Great Depression of the 1930s.

When the financial crisis of 2008 broke out, central bankers the world over summoned Thornton’s and Bagehot’s wisdom and acted acco...
2022 Taal: Engels zie alle details...

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2022 Uitgever: Agate Publishing, Incorporated 224 paginas Taal: Engels ISBN-10: 1572843063 ISBN-13: 9781572843066
Rated 4.3 stars out of 5
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