Central banking in an era of QE


The purpose of this article is to take a 30,000-feet high perspective and zoom to ground level before making a diagnosis. Seen from such a high level system-wide and historical vantage point, the 2007–09 global financial crisis (GFC) was essentially a crisis stemming from over-consumption financed by over-leverage. My simplistic analysis is that the GFC was the result of cognitive capture by free market ideology that led to lax monetary and fiscal policies and gross under-supervision of finance

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: