Central Banking as Global Governance : Constructing Financial Credibility
Rodney Bruce. Hall
Bok Engelsk 2008 · Electronic books.
| Annen tittel | |
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| Utgitt | Cambridge : Cambridge University Press , 2008
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| Omfang | 1 online resource (279 p.)
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| Opplysninger | Description based upon print version of record.. - Cover; Title; Copyright; Dedication; Contents; Preface; 1 Central banking as governance; Governance; Plan of the book; 2 The social character of money; THE BUCK STARTS HERE; What is money?; Money as a store of value in orthodox monetary theory; Money as a unit of account in orthodox monetary theory; Trust: money as a promise; 3 Instituting facts and constituting rules; Institutional facts and deontology; Money as an institution; Deontic powers of central banks; 4 Constitutive power relations; Deontic, constitutive and interactive power relations. - "Clubbing": central banking as global financial governanceChallenges to the new nominal anchors; Bibliography; Index. - Constitutive power relations in rate determinationConstitutive power relations in liquidity provision and risk socialization; Constitutive power relations in exchange-rate and reserve management; Constitutive power relations in debt monetization; Constitutive power relations in credit allocation; International monetary power relations; 5 Rules and international monetary systems; Rules of the game: the classical gold standard; Contingent rules; Discretionary rules; Rules vs. discretion?; Discretionary and rule-based monetary operating systems. - Problems of intersubjectivity in monetary operating systems6 Central bank independence as credibility; Trust and authority in the era of fiat money; Credibility, intersubjectivity, and authority; 7 Transparency and intersubjectivity in central banking; Transparency in systems of monetary governance; Transparency and intersubjectivity; Central bank transparency as governance; The case for central bank transparency; Strategies for central bank transparency; Changing norms and intersubjectivity in central bank communications; Central bank transparency and governance networks. - An original analysis of central banking as global governance, developing the social relations of money, credit, and debt.
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| Emner | |
| Sjanger | |
| Dewey | |
| ISBN | 9780521727211. - 9780521898614
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