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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

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 individual account