This book addresses the urgent need to examine central bank policies in response to the global supply and demand shock brought on by the Covid-19 pandemic, asking whether central banks are doing enough to address inequalities and concerns around climate change and emerging technologies. Adopting an interdisciplinary, critical perspective, the contributors to this volume provide novel theoretical, methodological, and empirical insights on central banks around the world, including in advanced, emerging and developing economies. The chapters in this book explore the evolution of central bank mandates, the policy tools central banks are utilizing, why and how monetary policy takes different shapes (including unconventional monetary policy), the key dynamics influencing central bank policies, how central banks are adapting to the new realities and addressing emerging challenges, and how monetary policy is perceived in the wider economic policy framework.With novel theoretical approaches and diverse empirical evidence from a variety of countries, this book will appeal to readers interested in central banking, monetary policy, the economics of the pandemic and political economy.
This book addresses the urgent need to examine central bank policies in response to the global supply and demand shock brought on by the Covid-19 pandemic, asking whether central banks are doing enough to address inequalities and concerns around climate change and emerging technologies.
Introduction
Chapter 1 Rethinking monetary policy for the new
challenges: inequality and climate change
Chapter 2 Capitalist central banks,
war finance, and covid
Chapter 3 Central Bank Digital Currencies in the
post-pandemic era
Chapter 4 Post-Pandemic Federal Reserve Liquidity Policy
Chapter 5 Public banking for a public-financed post-pandemic transition: a
proposal for a new public bank system in Spain
Chapter 6 The Political
Economy of Asset versus Consumer Inflation
Chapter 7 The effects of
institutional independence on initial central bank responses to the COVID-19
crisis
Chapter 8 OPEN BANKING ON DIFFERENT SIDES OF THE ATLANTIC: A
COMPARATIVE STUDY BETWEEN BRAZIL AND THE UK
Chapter 9 Central banking in
Russia, Ukraine, and Belarus in the face of pandemic, war, and sanctions
Chapter 10 Climate Change on a Policy Agenda of Central Banks in Eastern and
South-Eastern Europe
Chapter 11 The Twilight of Financial Sovereignty in the
Semi-Periphery? The Limits of Financial Verticals in post-GFC Turkey and
Hungary
Chapter 12 Diversity of Monetary Regimes and Reactions to the
Covid-19 Pandemic Crisis in the Balkan countries
Chapter 13 The PBOC in the
Post-Covid World: Multitasking, Perseverance and Self-Discipline
Chapter 14
Central Banking and the Impact of the Covid-19 Pandemic: Some Insights from
Ghana
Mustafa Yac is Assistant Professor of International Political Economy at stinye University, stanbul, Turkey. His research interests lie at the intersection of comparative and international political economy, political economy of development, central banking, and public policy. He has published various articles and book chapters on political economy of central banking, public policy, and international political economy. He is the editor of the book "The Political Economy of Central Banking in Emerging Economies" published by Routledge. He is the co-editor of the book "The China Puzzle: The Economic Rise of China, Transformation in International Relations, and Turkey" published in Turkish.
