The Central Bank and the financial system / C.A.E. Goodhart.

Format:

Book

Author/Creator:

Goodhart, C. A. E. (Charles Albert Eric)

Language:

English

Subjects (All):

Banks and banking, Central.

Bank of England.

Banks and banking, Central--State supervision--Europe.

Banks and banking, Central--State supervision.

Europe.

Physical Description:

xiv, 528 pages : illustrations ; 24 cm

Edition:

First edition.

Place of Publication:

Cambridge, Mass. : MIT Press, [1995]

Summary:

Although the current day-to-day operations of central banks are subject to continuous comment and frequent criticism, their structural role within the economic system as a whole has generally been accepted without much question, despite several attempts by economists in recent decades to challenge the value of the institution. C. A. E. Goodhart brings his knowledge of both the theoretical arguments and the actual working of central banks to bear in these essays. Part I looks at the general purposes and functions of central banks within the financial system and their evolution over time. Part II concentrates on the current objectives and operations of central banks, and the maintenance of price stability in particular. Part III analyzes the broader issues of financial regulation.

Notes:

Includes bibliographical references ( pages 467-505) and indexes.

ISBN:

0262071673

OCLC:

31206350