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The Evolution of Central Banks
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The Evolution of Central Banks Paperback - 1988 - 1st Edition

by Charles Goodhart


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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-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.

Details

  • Title The Evolution of Central Banks
  • Author Charles Goodhart
  • Binding Paperback
  • Edition number 1st
  • Edition 1
  • Pages 218
  • Volumes 1
  • Language ENG
  • Publisher MIT Press, Cambridge, MA, U.S.A.
  • Date 1988-09-16
  • ISBN 9780262570732 / 0262570734
  • Weight 0.55 lbs (0.25 kg)
  • Dimensions 7.9 x 5.2 x 0.5 in (20.07 x 13.21 x 1.27 cm)
  • Ages 18 to UP years
  • Grade levels 13 - UP
  • Library of Congress subjects Banks and banking, Central, Free banking
  • Library of Congress Catalog Number 87-36632
  • Dewey Decimal Code 332.110
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The Evolution of Central Banks
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The Evolution of Central Banks

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The Evolution of Central Banks
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The Evolution of Central Banks

by Goodhart, Charles

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ISBN 10
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