The pre-crisis rise and post-crisis resilience of European repo and securitization markets
represent political victories for the interests of large banks. To explain when and how finance …

Monetary policy operations in corporate security markets confront central banks with choices
that are traditionally perceived to be the prerogative of governments. This article investigates …

A bold history of the rise of central banks, showing how institutions designed to steady the
ship of global finance have instead become as destabilizing as they are dominant. While …

While climate change has been a public policy issue for decades, central banks have only
recently considered it relevant to their objectives. Beginning in 2015, the Bank of England …

How do central bankers cope with the uncomfortable fact that there are significant limits to
their expertise without losing authority? Drawing on Steve Rayner's concept of …

Abstract The European Central Bank's (ECB) market-based treatment of government debt
was an important cause of the 2010–2012 eurozone crisis. This article analyses the political …

The recent banking crisis has opened up the discourse about central banking. The purpose
here is to revisit the principles of central banking and the theoretical framework for applying …

The number of new infections per day is a key quantity for effective epidemic management. It
can be estimated relatively directly by testing of random population samples. Without such …

The global financial crisis of 2007 and 2008 transformed monetary policy, forcing central
bankers to move far beyond their pre-crisis instruments, goals, and expertise. In this article, I …

Finance and philosophy may seem to be worlds apart. But they share at least one common
ancestor: Thales of Miletus. Thales is typically regarded as the first philosopher, but he was …