Central Banks In Organizational Networks (Routledge International Studies In Money And Banking)

This interdisciplinary and wide-ranging study unravels the social processes of decision-making at the interface of central banks and financial market participants and thereby raises important questions about responsible central bank governance and its obligations to other stakeholders in society. The book challenges commonly-held assumptions on how central banking works and critically assesses unconventional monetary policy and its underlying theoretical tenets. Drawing from rich, multi-sited fieldwork and data collection, this research monograph offers an in-depth look into the financial market practices around the quantitative easing programs of the European Central Bank and focuses on the uneasy role of modern central banks as active market participants. The author introduces concepts from social network theory and develops a novel method to study organisational networks in the context of financial markets. An analysis of the European Central Bank's social, organisational and financial networks is sketched over the course of multiple chapters. The concluding chapters dive into documentary analysis and the extensive material from qualitative interviews with senior investment professionals about the strategies and adaptive processes around the lived experience of quantitative easing. The book will be a vital resource for social scientists researching organisations in financial markets, providing theory, concepts and empirical data to work with. It will be of interest to academics and graduate students in economics, sociology and management/organisation studies, as well as practitioners at central banks and in asset management.

• | Author: CHRISTOPH F-D. WU
• | Publisher: Routledge
• | Publication Date: Jul 13, 2022
• | Number of Pages: 192 pages
• | Language: English
• | Binding: Hardcover
• | ISBN-10: 1032078812
• | ISBN-13: 9781032078816