Central Bank Independence Cultural Codes and

Since the global financial crisis the unprecedented role independent central banks have come to play in our societies has been increasingly disputed. This, in turn, has drawn greater attention to the link between their legitimacy, public support and their independence. Over the past thirty years, academics and central bankers have tried to systematically pin down the sources of central bank independence. One of them, however--culture--has continuously eluded their grip. By engaging in an ethnography of the social text of German, European and US monetary affairs, this book introduces a new analytical framework that will enable practitioners and academics, particularly within sociology, economics, political economy, and political science, to gain a clear understanding of the role of culture in central banking. Also, it will show why for an independent central bank meeting its own monetary goals may not be enough to secure public support for itself and its currency.

Carlo Tognato is Visiting Research Fellow at University of Adelaide and Faculty Fellow at Center for Cultural Sociology, Yale University

"All over the world it is well understood today that central banks are not only major actors in the economy but also in politics. In his new book Carlo Tognato suggest that in order to better understand the way that central banks operate, we also have to take culture into account, in the form of symbols, rituals, national values and more. The result is a very intelligent and creative book, which will hopefully be read not only by economists and other social scientists but also by those who work in central banks." - Richard Swedberg, professor of Sociology, Cornell University

"Tognato shows well why we can not leave the study of money to economists. As the euro zone crisis has revealed so starkly, money has not just economic meaning but also deep political and cultural significance. His analysis of the importance of stability cultures for the legitimacy and functioning of central banks is both fascinating and extremely timely for anyone interested in the political management of modern money." - Eric Helleiner, CIGI Chair in International Political Economy and professor of Political Science, University of Waterloo

What is included with this book?
The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.
The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

FREE SHIPPING

Rent More, Save More! Use code: BBRENTAL

5% off 1 book, 7% off 2 books, 10% off 3+ books

Central Bank Independence Cultural Codes and Symbolic Performance

Summary

Author Biography

Table of Contents

Supplemental Materials