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The Central Bank and the Financial System

  • C. A. E. Goodhart

Table of contents

  1. Front Matter
    Pages i-xiv
  2. Financial Systems

    1. Front Matter
      Pages 1-1
    2. C. A. E. Goodhart
      Pages 3-18
    3. C. A. E. Goodhart
      Pages 60-71
    4. C. A. E. Goodhart
      Pages 72-92
    5. C. A. E. Goodhart
      Pages 93-141
    6. C. A. E. Goodhart
      Pages 142-155
    7. C. A. E. Goodhart
      Pages 156-202
  3. Central Banking

    1. Front Matter
      Pages 203-203
    2. C. A. E. Goodhart
      Pages 205-215
    3. C. A. E. Goodhart
      Pages 236-239
    4. C. A. E. Goodhart
      Pages 240-248
    5. C. A. E. Goodhart
      Pages 263-302
    6. C. A. E. Goodhart
      Pages 303-329
  4. Financial Regulation

    1. Front Matter
      Pages 331-331
    2. C. A. E. Goodhart
      Pages 430-439
    3. C. A. E. Goodhart
      Pages 440-452
  5. Back Matter
    Pages 467-528

About this book

Introduction

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 is generally accepted without much question and despite several attempts to challenge the value of the institution made by economists in recent decades. Professor C.A.E. Goodhart is ideally positioned to assess the role of the Central Bank being equally familiar with the theoretical arguments and with the actual working of central banks. Part 1 analyses the general purposes and functions of the Central Bank within the financial system and their evolution over time, Part 2 concentrates on the current objectives and operations of Central Banks, the maintenance of price stability in particular, and Part 3 analyses the broader issues of financial regulation. This book, providing a thorough and clear discussion of the questions connected with the role of the Central Bank in a modern financial system, will prove indispensable for students, academics and practitioners.

Keywords

bank banking European Central Bank financial markets monetary policy monetary union

Authors and affiliations

  • C. A. E. Goodhart
    • 1
  1. 1.London School of EconomicsUK

Bibliographic information