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Financial Citizenship - Experts, Publics, and the Politics of Central Banking (Paperback)
Loot Price: R499
Discovery Miles 4 990
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Financial Citizenship - Experts, Publics, and the Politics of Central Banking (Paperback)
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Loot Price R499
Discovery Miles 4 990
Expected to ship within 10 - 15 working days
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Government bailouts; negative interest rates and markets that do
not behave as economic models tell us they should; new populist and
nationalist movements that target central banks and central bankers
as a source of popular malaise; new regional organizations and
geopolitical alignments laying claim to authority over the global
economy; households, consumers, and workers facing increasingly
intolerable levels of inequality: These dramatic conditions seem to
cry out for new ways of understanding the purposes, roles, and
challenges of central banks and financial governance more
generally. Financial Citizenship reveals that the conflicts about
who gets to decide how central banks do all these things, and about
whether central banks are acting in everyone's interest when they
do them, are in large part the product of a culture clash between
experts and the various global publics that have a stake in what
central banks do. Experts-central bankers, regulators, market
insiders, and their academic supporters-are a special community, a
cultural group apart from many of the communities that make up the
public at large. When the gulf between the culture of those who
govern and the cultures of the governed becomes unmanageable, the
result is a legitimacy crisis. This book is a call to action for
all of us-experts and publics alike-to address this legitimacy
crisis head on, for our economies and our democracies.
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