{"product_id":"9781349116287","title":"The New Art of Central Banking","description":"Central banking is being turned upside down by innovations such as securitization, complex options dealings and Euro-asset transactions that are denationalizing money and making it impossible for central banks to regulate costs of capital. Nor can central banks modulate business cycles in open economies; study of banking policy and business fluctuations suggests that the 'real' importance of bank-credit changes has long been exaggerated. The new art of central banking may culminate in masterly inactivity.","brand":"Palgrave Macmillan UK","offers":[{"title":"Default Title","offer_id":47046663373040,"sku":"9781349116287","price":109.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9781349116287_p0.jpg?v=1763710578","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9781349116287","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}