The Central Bank and the Financial System

Abstract

1st ed. Subject: 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 has been generally accepted without much question, despite several attempts by econmists in recent decaded to challenge the value of the institution. Part 1 looks at the general purposes and functions of Central Banks within the financial system and their evolution over time. Part 2 concentrates on the current ovjectives and operations of Central Banks, and the mainteneance or price stability in particular. Part 3 analyzes the broader issues of financial regulation. 1. Why do Banks Need a Central Bank? (1987) -- 2. Can We Improve the Structure of Financial Systems? (1993) -- 3. The Implications of Shifting Frontiers in Financial Markets for Monetary Control (1986) -- 4. Central Bank Independence (1994) -- 5. Alternative Monetary Standards (1992) -- 6. The Conduct of Monetary Policy (1989) -- 7. Banks and the Control of Corporations (1993) -- 8. The Political Economy of Monetary Union (1995) -- 9. What do Central Banks Do? (1989) -- 10. The Objectives for, and Conduct of, Monetary Policy in the 1990s (1992) -- 11. Advising the Bank of England (1992) -- 12. The Operational Role of the Bank of England (1985) -- 13. Money Supply Control: Base or Interest Rates (1995) -- 14. Price Stability and Financial Fragility (1995) -- 15. A European Central Bank (1992) -- 16. Institutional Separation Between Supervisory and Monetary Agencies (1993) / C.A.E. Goodhart and Dirk Schoenmaker -- 17. Bank Insolvency and Deposit Insurance: A Proposal (1993).