Central Banking in a Post-Pandemic World

Challenges, Opportunities, and Dilemmas

Mustafa Yağcı

• Publisher: Routledge
• Year: 2023
• Print ISBN:
  9781032346700
• eBook ISBN:
  9781000935837
• Topic: Business
• Subtopic: Banks & Banking
• Index: Business

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.

Table of contents

• Cover Page
• Half-Title Page
• Series Page
• Title Page
• Copyright Page
• Dedication Page
• Contents
• List of Contributors
• Preface
• Introduction
• 1 Rethinking Monetary Policy for the New Challenges: Inequality and Climate Change
• 2 Capitalist Central Banks, War Finance, and Covid
• 3 Central Bank Digital Currencies in the Post-pandemic Era
• 4 The Federal Reserve, COVID-19, and the Governance of the International Monetary System
• 5 Public Banking for a Public-Financed Post-pandemic Transition: A Proposal for a New Public Bank System in Spain
• 6 The Political Economy of Asset versus Consumer Inflation
• 7 The Effects of Institutional Independence on Initial Central Bank Responses to the COVID-19 Crisis
• 8 Open Banking on Different Sides of the Atlantic: A Comparative Study between Brazil and the United Kingdom
• 9 Central Banking in Russia, Ukraine, and Belarus in the Face of Pandemic, War, and Sanctions
• 10 Climate Change on the Policy Agenda of Central Banks in Central and Southeast Europe
• 11 Crises of Authoritarian Financialization: Monetary Policy in Hungary and Türkiye in the Polycrisis
• 12 Diversity of Monetary Regimes and Reactions to the COVID-19 Pandemic Crisis in the Balkan Countries
• 13 The PBOC in the Post-Covid World: Multitasking, Perseverance and Self-Discipline
• 14 Central Banking and the Impact of the COVID-19 Pandemic: Some Insights from Ghana
• Index