Description: "This book examines the institutional evolution of central banks from the 1970s to the crises of the past decade. In examining central banks' deviation from monetary orthodoxy, the book recasts central banks as political actors whose actions are bound to the political environment in which they operate."--
Review Quotes:
Moschella's book targets primarily an academic and policy-oriented audience. It will resonate with scholars and students in political economy, economics, and finance who are interested in the institutional and political dynamics of monetary policy. Additionally, policymakers, central banking professionals, and financial analysts will find the book valuable for its in-depth exploration of how central banks have evolved in response to political pressures and crises.
-- "Journal of Economic Literature"