Monetary Economics in the 1990s

1. Front Matter

   Pages i-x

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2. Introduction

   • Forrest Capie, Geoffrey E. Wood

   Pages 1-12

3. Ricardo and Budget Deficits

   • Robert Barro

   Pages 13-32

4. The Political Economy of International Money and Finance

   • Roland Vaubel

   Pages 33-57

5. Speculative Booms and Crashes

   • Robert Shiller

   Pages 58-74

6. Central Banking Tasks in a European Monetary Union

   • Niels Thygesen

   Pages 75-91

7. Wage and Price Stickiness in Macroeconomics: Historical Perspective

   • David Laidler

   Pages 92-121

8. The Lender of Last Resort: Pushing the Doctrine Too Far?

   • Charles P. Kindleberger

   Pages 122-136

9. The Conduct of Monetary Policy in an Open Economy

   • Helmut Schlesinger

   Pages 137-145

10. The Triumph of Paper Credit

    • Michael Mussa

    Pages 146-179

11. Ethics and Morals in Central Banking — Do They Exist, Do They Matter?

    • Otmar Issing

    Pages 180-196

12. Back Matter

    Pages 197-204

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This volume is the second collection of the series of lectures, held annually at City University, London, in honour of Henry Thornton, the renowned 19th Century monetary economist. As with Monetary Economics in the 1980s (0-333-46220-3), the essays by extremely eminent contributors are wide-ranging in both subject and approach but all develop topics considered by Henry Thornton over a century ago and link historical perspectives to contemporary debates about financial institutions and monetary economics.

• macroeconomics
• monetary economics
• monetary policy
• monetary union
• money

• City University, London, UK

  Forrest Capie, Geoffrey E. Wood

Policies and ethics