Abstract
The main theme of this paper is that several of the characteristics of our present Western monetary and banking systems have been crucially dependent on the particular temporal process of historical development, and are not an essential feature of more fundamental preferences or technological conditions. They exist in part because we take them for granted. It is the purpose of this paper to examine what might change, in both theory and practice, if some of these inessential characteristics were to be changed.
European Economic Review, 37 (1993): 269–91.
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© 1995 C. A. E. Goodhart
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Goodhart, C.A.E. (1995). Can We Improve the Structure of Financial Systems? (1993). In: The Central Bank and the Financial System. Palgrave Macmillan, London. https://doi.org/10.1057/9780230379152_2
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DOI: https://doi.org/10.1057/9780230379152_2
Publisher Name: Palgrave Macmillan, London
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