The Central Bank and the Financial System

1. Front Matter

   Pages i-xiv

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2. Financial Systems

   1. Front Matter

      Pages 1-1

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   2. Why do Banks Need a Central Bank? (1987)

      • C. A. E. Goodhart

      Pages 3-18

   3. Can We Improve the Structure of Financial Systems? (1993)

      • C. A. E. Goodhart

      Pages 19-39

   4. The Implications of Shifting Frontiers in Financial Markets for Monetary Control (1986)

      • C. A. E. Goodhart

      Pages 40-59

   5. Central Bank Independence (1994)

      • C. A. E. Goodhart

      Pages 60-71

   6. Alternative Monetary Standards (1992)

      • C. A. E. Goodhart

      Pages 72-92

   7. The Conduct of Monetary Policy (1989)

      • C. A. E. Goodhart

      Pages 93-141

   8. Banks and the Control of Corporations (1993)

      • C. A. E. Goodhart

      Pages 142-155

   9. The Political Economy of Monetary Union (1995)

      • C. A. E. Goodhart

      Pages 156-202

3. Central Banking

   1. Front Matter

      Pages 203-203

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   2. What do Central Banks Do? (1989)

      • C. A. E. Goodhart

      Pages 205-215

   3. The Objectives for, and Conduct of, Monetary Policy in the 1990s (1992)

      • C. A. E. Goodhart

      Pages 216-235

   4. Advising the Bank of England (1992)

      • C. A. E. Goodhart

      Pages 236-239

   5. The Operational Role of the Bank of England (1985)

      • C. A. E. Goodhart

      Pages 240-248

   6. Money Supply Control: Base or Interest Rates? (1995)

      • C. A. E. Goodhart

      Pages 249-262

   7. Price Stability and Financial Fragility (1995)

      • C. A. E. Goodhart

      Pages 263-302

   8. A European Central Bank (1992)

      • C. A. E. Goodhart

      Pages 303-329

4. Financial Regulation

   1. Front Matter

      Pages 331-331

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   2. Institutional Separation between Supervisory and Monetary Agencies (1993)

      • C. A. E. Goodhart

      Pages 333-413

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.

• bank
• banking
• European Central Bank
• financial markets
• monetary policy
• monetary union

• London School of Economics, UK

  C. A. E. Goodhart

CHARLES A.E. GOODHART

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