5

Masatoshi Ando and Álvaro Pina Since the global financial crisis, the size of central bank balance sheets has varied widely, both over time and across

NICHOLAS MULDER Governments are taking over private enterprises and resources at the fastest pace in 50 years. Based on the past century’s multiple waves of

Bernhard Bartels, Barry Eichengreen, Julian Schumacher, Beatrice Weder di Mauro The fiscal dominance view holds that politically captured central banks are more likely to be