O'Reilly logo

Fear and Greed: Investment risks and opportunities in a turbulent world by Nicolas Sarkis

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 10: Central Banks: Leave, Improve or Abolish?

Bankers of every variety have suffered a spectacular fall from grace in the early 21st century. Since the credit crisis erupted in 2007, they have attracted fierce and unrelenting criticism around the world. Commercial bankers have been panned for their reckless lending to unfit homebuyers and investment bankers have been derisively dismissed as casino speculators who destabilise the economy. Perhaps the most scathing words of all have been directed at those at the very heart of the financial system: the central bankers.

Central banks stand accused of having perverted or failed in all of their main purposes, these being managing the money supply, overseeing the banking industry and acting ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required