libcats.org
Главная

The evolution of central banks

Нет обложки

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 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. Charles Goodhart was appointed to the newly established Norman Sosnow Chair of Banking and Finance at the London School of Economics in 1985. For the previous 17 years he served as a monetary economist at the Bank of England, becoming a Chief Adviser in 1980.
Популярные книги за неделю:

50 рецептов для аэрогриля

Автор:
Категория: house, house, cook
Размер книги: 771 Kb

Ключ к сверхсознанию

Автор:
Категория: Путь к себе
Размер книги: 309 Kb

Contemporary Theatre, Film and Television, Volume 97

Автор:
Размер книги: 3.18 Mb
Только что пользователи скачали эти книги:

Dissecting the Hack: The F0rb1dd3n Network, Revised Edition

Автор: , Автор: , Автор:
Размер книги: 14.87 Mb

Smarty PHP Template Programming And Applications

Автор: , Автор: , Автор:
Категория: WEB-СОЗИДАНИЕ
Размер книги: 8.04 Mb

The Engine's Child

Автор:
Размер книги: 462 Kb

Caper

Автор:
Категория: fiction
Размер книги: 400 Kb

The President and the Assassin McKinley

Автор:
Категория: fiction
Размер книги: 3.33 Mb