Angelo Baglioni Livres

Focusing on the evolution of monetary policy implementation, the book examines the operational frameworks adopted by central banks in response to recent financial crises. It highlights the shift towards unconventional instruments, such as large-scale asset purchases and long-term refinancing, and the resulting changes in central bank balance sheets. As inflation rises, it explores the transition to a "new normal" that blends traditional and unconventional approaches. The analysis includes comparative insights from major central banks and addresses key questions about policy patterns, theoretical frameworks, and exit strategies.

Why did European policy-makers introduce the Banking Union? Which are its main features? How does it affect banks and their customers? This book tries to answer these questions, by providing a clear description of the building blocks of the banking union, and by discussing the issues that still remain unanswered.