Uncover the intricate power dynamics between central banks and democratic states in this insightful analysis of financial power. Explore how conflicting social forces shape monetary policy, revealing central banks’ inability to guarantee economic recoveries and their role during crises. Drawing on economic sociology and history, this book dissects the complex, non-neutral position of central banking in democracies and capitalist banking. Essential reading for Indian students and professionals in economics, finance, and political science seeking a deeper understanding of global financial systems, banking regulation, and economic stability.