Current Scholarship
Unconventional central banking and the politics of liquidity

Fathimath Musthaq

The 2008 financial crisis saw central banks introduce a variety of tools to shore up the financial system, including unconventional measures that made use of central bank balance sheets to directly shape markets. This paper argues that central banks increasingly rely on unconventional tools in noncrisis times to maintain confidence in an unstable financial system.
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Unconventional central banking and the politics of liquidity

Announcement
Economic Sovereignty and Its Limits – Central Bankers, Finance Ministers, and International Organizations: Currency and Empire Sawyer Seminar on Nov. 12, 2021

Please join the New School for their next Currency and Empire Sawyer Seminar Event “Economic Sovereignty and Its Limits” - on Zoom, Nov. 12, 2021!
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Economic Sovereignty and Its Limits – Central Bankers, Finance Ministers, and International Organizations: Currency and Empire Sawyer Seminar on Nov. 12, 2021

Current Scholarship
Seeing and Not-seeing Like a Political Economist: The Historicity of Contemporary Political Economy and its Blind Spots

Jacqueline Best, Colin Hay, Genevieve LeBaron & Daniel Mügge

Contemporary political economy is predicated on widely shared ideas and assumptions, some explicit but many implicit, about the past. The aim of this Special Issue is to draw attention to, and to assess critically, these historical assumptions.
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Seeing and Not-seeing Like a Political Economist: The Historicity of Contemporary Political Economy and its Blind Spots

Spring 2021 - Reassessing Central Bank Independence
G. Epstein, Democratic Money: Central Bank Independence vs. Contested Control (Part 2)

August 17, 2021

Gerald Epstein, University of Massachusetts Amherst

As I argued in Part One, with both its monetary and regulatory policy, the Federal Reserve has often been biased toward helping the financial sector.
More Spring 2021 - Reassessing Central Bank Independence
G. Epstein, Democratic Money: Central Bank Independence vs. Contested Control (Part 2)

Spring 2021 - Reassessing Central Bank Independence
G. Epstein, Democratic Money: Central Bank Independence vs. Contested Control (Part 1)

August 10, 2021

Gerald Epstein, University of Massachusetts Amherst

The US Constitution calls for three branches of government that are independent from one another and that can act as “checks and balances” on each other: The Executive, Congress and the Judiciary.
More Spring 2021 - Reassessing Central Bank Independence
G. Epstein, Democratic Money: Central Bank Independence vs. Contested Control (Part 1)

Spring 2021 - Reassessing Central Bank Independence
R. Hockett, Two Blades, One Scissors: Central Bank Independence with (Some) Central Bank Allocation

July 14, 2021

Robert Hockett, Cornell Law School

Just Money has arranged yet another timely and well-framed symposium. I could not be more delighted to take part. I’d like here to highlight the bearing on this season’s symposium topic
More Spring 2021 - Reassessing Central Bank Independence
R. Hockett, Two Blades, One Scissors: Central Bank Independence with (Some) Central Bank Allocation

Spring 2021 - Reassessing Central Bank Independence
R. Carrillo, Boots on the Rails: The National Security State, Racial Subordination, & the Myth of “Instrument Independence”

July 6, 2021

Raul Carillo, LPE Project & Yale Law School

Since at least the early 1990s, when discussing the administrative, operational, and technical properties of central bank independence (CBI), many economists, including former Federal Reserve Board (Board) Governor and MIT economist Laurence Mayer,
More Spring 2021 - Reassessing Central Bank Independence
R. Carrillo, Boots on the Rails: The National Security State, Racial Subordination, & the Myth of “Instrument Independence”

Current Scholarship
Who’s to Blame for Lost Silver and Gold? Laments of Financial Troubles in Spain 1588

Stephen Mayeaux

One of the first to catch my eye was a set of documents from the Cortes, the legislative body of Spain. Published in 1593, Acts of the “Cortes” held in the village of Madrid in the year 1588 gives us a look at matters the Cortes considered important enough to address. Among other interesting subjects, these documents show concern over the kingdom’s financial difficulties.
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Who’s to Blame for Lost Silver and Gold? Laments of Financial Troubles in Spain 1588

Current Scholarship
Criminals and Coins: Understanding 17th Century Spanish Economy through Counterfeit Currency

Nina Perdomo

This document is a highlight of the Herencia: Centuries of Spanish Legal Documents collection because it explores the case of Goyeneche, charged with counterfeiting Spanish coin, while allowing modern readers to gain insight into the economic status of Spain in the 1600s.
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Criminals and Coins: Understanding 17th Century Spanish Economy through Counterfeit Currency