Central Bank Independence: Cultural Codes and Symbolic Performance

Author:   C. Tognato
Publisher:   Palgrave Macmillan
ISBN:  

9781137310163


Pages:   204
Publication Date:   04 June 2014
Format:   Paperback
Availability:   In Print   Availability explained
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Central Bank Independence: Cultural Codes and Symbolic Performance


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Overview

By engaging in an ethnography of the social text of German, European and USA 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.

Full Product Details

Author:   C. Tognato
Publisher:   Palgrave Macmillan
Imprint:   Palgrave Macmillan
Dimensions:   Width: 14.00cm , Height: 1.10cm , Length: 21.60cm
Weight:   0.285kg
ISBN:  

9781137310163


ISBN 10:   1137310162
Pages:   204
Publication Date:   04 June 2014
Audience:   Professional and scholarly ,  Professional & Vocational ,  Postgraduate, Research & Scholarly
Format:   Paperback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Introduction Culture in Economic Life Stability Cultures and Central Banking The German Stabilitätskultur A Stability Culture for Europe Tackling the US Financial Crisis Conclusion Notes Bibliography

Reviews

In his book Tognato suggests that, to better understand how central banks operate, we must also 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 central bankers. - Richard Swedberg, Professor of Sociology, Cornell University, USA The European Central Bank and the euro have recently come under question. Can they survive? For a thoughtful rebuke of conventional wisdom, you must read this book. Tognato exposes the symbolic dimensions of money, the dramatic performances of central bankers, and the cultural dynamics of international markets. These ideas are worth grappling with in a time when our old ideas have failed us. - Frederick F. Wherry, Associate Professor of Sociology, Columbia University, USA; Author of The Culture of Markets Tognato boldly goes where no economist has gone before. After decades of depoliticization of monetary policy and central bank autonomy, the future may bring repoliticization and political accommodation. Once we understand, with the help of Tognato, how stability cultures enabled central bank independence in the first place, we are forewarned as to how Europe's cultural malaise might lead to its unraveling. - Susanne Lohmann, Professor of Political Science and Public Policy and Director, Center for Governance, University of California, Los Angeles, USA Tognato shows well why we cannot leave the study of money to economists. 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, University of Waterloo, Canada


Author Information

CARLO TOGNATO is Visiting Research Fellow at University of Adelaide, Australia, and Faculty Fellow at Center for Cultural Sociology, Yale University, USA.

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