
S8 Ep19: Central banks as financial agents of the state
VoxTalks Economics
00:00
Unpacking Central Bank Ownership and Operations
This chapter explores the complex ownership structures of central banks, such as the Federal Reserve and Bank of Japan, and critiques the notion of their independence from government influence. It delves into the implications of different profit and loss management practices across nations and the associated risks to central bank solvency. The discussion also highlights the potential challenges posed by the effective lower bound on interest rates and the role of retail central bank digital currencies in shaping future economic policies.
Transcript
Play full episode