Titlebook: Stabilising Capitalism; A Greater Role for C Pierluigi Ciocca Book 2015 The Editor(s) (if applicable) and The Author(s) 2015 banking.capita

音的強(qiáng)弱

ostracize

The Crisis of 2008,The crisis which reached its peak in 2008 and ravaged American and in part European finance. cast doubt both on the suitability of rules — at least of those in force — and on the analytical basis for entrusting the solidity of the finance industry, given the regulatory framework, to the self-referentiality of the markets.

Jargon

Bagehot and Beyond,In the return to authentic central banking triggered by the financial disaster of 2008, and especially in the reassessment of the central bank’s role of lender of last resort, reference has often been made to Bagehot.

否決

overweight

The Protection of Independence and Discretion,The problem therefore becomes how to safeguard the independence and discretion of central banks, as herein defined, justified, and delimited.

Wordlist

Concluding Remarks,Perhaps no law can draw the line between the effective discretion, and a harmful arbitrariness, of the central banker. The nature, importance and difficulty of his task must be understood by the political world, by economic and legal thought, by the judiciary, by public opinion.

手段

The Roots of Central Banking,lled upon, like the central bank, to pursue specific general interests.. He classified the sources of legitimacy into six categories: “payoffs” (the service rendered by the institution), “sacrifice”, “age”, “mystery”, “ritual or artificial order”, and “alliances”.

Allure

Tendencies,l banking: management of the payment system and securities transactions, monetary policy and supervision of the financial system. In interpreting this triad of tasks, the problem of possible conflicts of interest was addressed by transforming central banks from private legal entities into public-law

Keshan-disease

堅(jiān)毅

The Temporary Re-emergence of Rules, of 13 per cent in the OECD countries — was ascribed by many, not to the explosion of the relative prices of energy and labour and the fiscal crisis of the State, but to an alleged monetary laxity on the part of the central banks, “distracted” by the multiplicity of duties assigned to them, includin