In three essays with three different modalities, this dissertation provides a methodological,
theoretical and historical treatment of central bank evolution in an effort to explain central …

The paper outlines a theory according to which central banking evolves as the result of an
interaction between endogenous money and endogenous institutions. This theory is called …

Central banks have evolved for close to four centuries. This paper argues that for two
centuries central banks caught up to the strategies followed by the leading central banks of …

Abstract Based on Goodhart's (1988) The Evolution of Central Banks, I examine both the
theoretical arguments and the historical evidence that could sustain the case for the natural …

The Evolution of General Banking Page 1 POLICY RESEARCH WORKING PAPER 1534 The
Evolution What have we learned about central banks? of General Banking The principal factors …

Whoever wants to come to a good and sound conclusion must not make up his mind before
paying attention to all arguments, or (as the say goes)“bring the verdict to Senate from …

I must congratulate the organizers for choosing this important topic for deliberation in this
seminar. I have great pleasure in mentioning that the theme of the Report on Currency and …

The late-2000s global financial crisis saw increased public profiles and balance sheets of
both the US and European central banks, their combined series of financial rescue …

We introduce the “minimalist–activist” spectrum as an analytical prism through which to view
key aspects of central banking theory and practice. We focus on the activist end of this …

Introduction My reaction when asked to offer a chapter on the history of central banking was,
could there be anything left to say? But there might be, for while the ground is well-trodden …