The Evolution of Central Banks
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…
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Produktdetails
- ISBN: 978-0-262-57073-2
- EAN: 9780262570732
- Produktnummer: 34836749
- Verlag: Mit Pr
- Sprache: Englisch
- Erscheinungsjahr: 1988
- Seitenangabe: 218 S.
- Masse: H20.3 cm x B13.6 cm x D1.5 cm 250 g
- Auflage: 2. A.
- Gewicht: 250
- Sonstiges: Ab 18 J.
Über den Autor
Charles Goodhart is Norman Sosnow Professor of Banking and Finance at the London School of Economics. He has served as a monetary economist and as Chief Adviser at the Bank of England. He is the author of The Evolution of Central Banks.
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