Fathimath Musthaq is a visiting assistant professor in political science at Reed College, OR. Her research interests are in central banking, monetary systems, financialization, natural resources, colonial legacies and development. She has a PhD in political science from Indiana University Bloomington and has published in New Political Economy, Review of International Political Economy, Review of African Political Economy and the Journal of Democracy.

August 24, 2022

Analysis

A Permanent Bailout?

Central bank interventions in noncrisis times

The 2008 crisis heralded a new age in central banking. The scale and nature of central bankers’ interventions was unprecedented. Traditionally, as lenders of last resort, central banks lend at escalating rates against good collateral to solvent institutions in times…