Charles Goodhart's Contributions to the History of Monetary Institutions

Michael Bordo and Anna Schwartz

No 8717, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Our paper examines Charles Goodhart's work on the history of monetary institutions: central bank operations under the gold standard, their behaviour in relation to the financial system in which they functioned, including their responses to banking crises, and their performance as lenders of last resort. Although we differ with Charles on some of the conclusions that he has reached, we pay tribute to his importance in shaping the discussion by economists over a thirty-year span on questions related to the functioning of banks, their customers, and the historic central banks that evolved from serving government to serving banks.

JEL-codes: E58 G18 (search for similar items in EconPapers)
Date: 2002-01
New Economics Papers: this item is included in nep-hpe and nep-pke
Note: DAE ME
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Published as Mizen, Paul (ed.) Essays in honour of Charles Goodhart. Volume 2. Monetary history, exchange rates and financial markets. Cheltenham, U.K. and Northampton, MA: Elgar, 2003.

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