The Evolution of Central Banks

Released on by Charles Goodhart
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  • The Evolution of Central Banks Book Detail

  • Author : Charles Goodhart
  • Release Date : 1988-09-16
  • Publisher : MIT Press
  • Genre : Business & Economics
  • Pages : 219
  • ISBN 13 : 0262570734
  • File Size : 2,2 MB
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The Evolution of Central Banks by Charles Goodhart PDF Summary

Book Description: The Evolution of Central Banks employs a wide range of historical evidence and reassesses current monetary analysis to argue that the development of non-profit-maximizing and noncompetitive central banks to supervise and regulate the commercial banking system fulfils a necessary and natural function. Goodhart surveys the case for free banking, examines the key role of the clearing house in the evolution of the central bank, and investigates bank expansion and fluctuation in the context of the clearing house mechanism. He concludes that it is the noncompetitive aspect of the central bank that is crucial to the performance of its role. Goodhart addresses the questions of deposit insurance and takes up the "club theory" approach to the central bank. Included in the historical study of their origins are 8 European central banks, the Bank of Japan, the Bank of England, and the Federal Reserve Board of the United States.

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The Evolution of Central Banks

The Evolution of Central Banks

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The Evolution of Central Banks employs a wide range of historical evidence and reassesses current monetary analysis to argue that the development of non-profit-

Evolution and Procedures in Central Banking

Evolution and Procedures in Central Banking

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This volume collects the proceedings from a conference on the evolution and practice of central banking sponsored by the Central Bank Institute of the Federal R