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Central banks, macro policy, and the financial system; the nineteenth and twentieth centuries

Published online by Cambridge University Press:  12 September 2008

Forrest Capie  and
Charles Goodhart
Forrest Capie
Affiliation:
City University Business School
Charles Goodhart
Affiliation:
London School of Economics
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Type
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Information
Financial History Review , Volume 2 , Issue 2 , October 1995 , pp. 145 - 161
Copyright
Copyright © European Association for Banking and Financial History 1995

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References

1 Clapham, J. H., The Bank of England: A History, 2 vols (Cambridge, 1944, rep. 1970).Google Scholar

2 Timberlake, R. H., Monetary Policy in the United States: An Intellectual and Institutional History (Chicago, 1993).Google Scholar

3 Wilson, J. S. G., French Banking Structure and Credit Policy (London, 1957).Google Scholar

4 Hamilton, E. J., ‘The foundation of the Bank of Spain’, Journal of Political Economy, 53 (1945).CrossRefGoogle Scholar

5 See Fetter, F. W., The Development of British Monetary Orthodoxy 1797–1875 (Cambridge, MA, 1965)Google Scholar; Laidler, D. E., The Golden Age of the Quantity Theory: The Development of Neoclassical Monetary Economics (London, 1991).Google Scholar

6 Bagehot, W., Lombard Street (London, 14th edn, 1973).Google Scholar

7 Bloomfield, A. I., Monetary Policy under the International Gold Standard (New York, 1959)Google Scholar; Bordo, M. D. and Schwartz, A. J. (eds), A Retrospective on the Classical Gold Standard 1821–1931 (Chicago, 1984).CrossRefGoogle Scholar

8 Committee on Currency and Foreign Exchange after the War [Cunliffe Committee], First Interim Report, Cmnd 9182 (London, 1919).

9 See Eichengreen, B., Golden Fetters: the Gold Standard and the Great Depression 1919–1939 (Oxford, 1993), pp. 153–4, 163Google Scholar

10 Ibid., p. 158;

11 Ibid., p. 165; and idem, ‘Central bank co-operation and exchange rate commitments: the classical and interwar gold standards compared’, above, pp. 99–117.

12 Sayers, R. S., The Bank of England 1891–1944, 2 vols and an appendix (Cambridge, 1976).Google Scholar

13 e.g. Friedman, M. and Schwartz, A. J., A Monetary History of the United States, 1867–1960 (Princeton, NJ, 1963)Google Scholar; and Eichengreen, Golden Fetters.

14 Kemmerer, E. W., The ABC of the Federal Reserve System (Princeton, NJ, 1932).Google Scholar

15 See Schedvin, C. B., In Reserve: Central Banking in Australia, 1945–75 (St Leonards, 1992)Google Scholar; and Giblin, L. F., The Growth of a Central Bank: The Development of the Commonwealth Bank of Australia 1924–1945 (Melbourne, 1951).Google Scholar

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19 See for example Cukierman, A., Central Bank Strategy, Credibility, and Interdependence: Theory and Evidence (Cambridge, MA/London, 1992)Google Scholar, and Eijffinger, S. and Schaling, E., ‘Central bank independence in twelve industrial countries’, Banca Nazionale del Lavoro Quarterly Review, 184 (1993).Google Scholar

20 Fetter, Monetary Orthodoxy.

21 Plessis, A., La Banque de France et ses deux cents actionnaires sous le Second Empire (Geneva, 1982).Google Scholar

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25 For a recent view on this see Goodhart, C. A. E., The Evolution of Central Banks (Cambridge, MA, 1988).Google Scholar

26 Fetter, Monetary Orthodoxy.

27 National Monetary Commission, Report on Banking and Central Banking (Washington, DC, 1910, 1911).Google Scholar

28 Schwartz, A. J., ‘The misuse of the Fed's discount window’, Federal Reserve Bank of St. Louis Review, 74.5 (1992).Google Scholar

29 Bopp, K. R., Reichsbank Operations 1876–1914 (Philadelphia, 1953).Google Scholar

30 Plessis, La Banque de France.

31 Kisch and Elkin, Central Banks.

32 Bopp, Reichsbank Operations.

33 Ziegler, D., ‘Zentralpolitische Steinzeit? Preußische Bank und Bank of England im vergleich’, Geschichte und Gesellschaft, 19 (1993).Google Scholar

34 Schedvin, In Reserve.

35 See ibid., chapter 9.