Matthias Thiemann Orden de los libros

Exploring the evolving role of central banks, the book highlights their transformation into proactive agents against financial instability. It examines post-crisis strategies aimed at prevention, emphasizing the significant efforts of central bank economists. However, it also addresses the administrative and political challenges that hinder the effectiveness of these measures, portraying a complex landscape of financial governance.

By analyzing the growth and regulation of shadow banking activities by large banks in Western Europe and the US, this book illuminates how the evolution of finance, driven by structural pressures and financial innovations, is crucially mediated through state-finance interactions on the meaning of rules and the need to comply.