Gane, Nicholas (2015) Central banking, technocratic governance and the financial Crisis. placing quantitative easing into question. Sosiologia, 52 (4). pp. 381-396.

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Abstract

This paper advances a sociological analysis of one of the key monetary responses to the recent financial crisis: quantitative easing. First, it provides a brief history and overview of the operation of quantitative easing. Second, it examines the neoliberal basis of this monetary policy by analysing its institutional design and looking, in brief, at the post-crisis relationship between the Bank of England and the UK Treasury. Third, it places into question the relationship between quantitative easing and social inequality. Fourth, it uses the work of Hyman Minsky to address the broader role of central banks in the face of financial crisis. In conclusion, it is argued that it is necessary to engage critically with initiatives such as quantitative easing rather than to describe and document the social inequalities they both generate and help reproduce.

Item Type:	Journal Article
Divisions:	Faculty of Social Sciences > Sociology
Journal or Publication Title:	Sosiologia
Publisher:	Westermarck-Seura,Westermarck Society, The Finnish Sociological Association
ISSN:	0038-1640
Official Date:	2015
Dates:	Date Event 2015 Published 21 October 2015 Accepted
Volume:	52
Number:	4
Page Range:	pp. 381-396
Status:	Peer Reviewed
Publication Status:	Published
Access rights to Published version:	Restricted or Subscription Access
Related URLs:	Publisher

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