Central Banks as Sources of Financial Instability.
The current financial crisis has highlighted the utter dependence on contemporary central banks as instruments for assuring the continuous flow of credit after a financial bust and the capacity of such banks to make booms which make those busts possible. The theoretical treatment of central banking...
| Published in: | Independent Review Vol. 14; no. 4; pp. 485 - 497 |
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| Format: | Article |
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Independent Institute
Spring 2010
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| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=511017221&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 511017221 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 10861653 TIR jtl: Independent Review issn: 10861653 maglogo: N pubinfo: dt: Spring 2010 vid: 14 iid: 4 pid: 2510 pub: Independent Institute artinfo: ui: 511017221 ppf: 485 ppct: 12 formats: fmt: – @attributes: type: T – @attributes: type: C – @attributes: type: P size: 7.5MB tig: atl: Central Banks as Sources of Financial Instability. aug: au: Selgin, George su: Central banking industry Financial crises sug: subj: Central banking industry Financial crises ab: The current financial crisis has highlighted the utter dependence on contemporary central banks as instruments for assuring the continuous flow of credit after a financial bust and the capacity of such banks to make booms which make those busts possible. The theoretical treatment of central banking puts almost complete emphasis on the stabilizing capacity of such banks, reflecting the normative nature of much theoretical work on the subject and the assumption that they succeed in limiting the effects of booms and busts. The writer challenges the conventional treatment of central banking by contending that banks are fundamentally destabilizing. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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