Monetary Policy in a Period of Financial Chaos: The Political Economy of the Bank of Canada in Extraordinary Times

Marc Lavoie · Mario Seccareccia

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Monetary Policy and Economic Impact Banking stability, regulation, efficiency Economic Theory and Policy

Abstract

Divided into two parts, this book presents a detailed, multi-faceted analysis of banking and monetary policy. The first part examines the role of central banks within an endogenous money framework. These chapters address post-Keynesian interest rate policy, monetary mercantilism, financial market organization and developing economies. In the second part of the book, the focus switches to the analysis of the financial crisis that began in 2007. The chapters in this section discuss the role of central banks in times of crisis.

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