Central Banks at a Crossroads

Preface Michael D. Bordo, Oyvind Eitrheim, Marc Flandreau and Jan F. Qvigstad; 1. Introduction Michael D. Bordo, Oyvind Eitrheim, Marc Flandreau and Jan F. Qvigstad; 2. The descent of central banks (1400-1815) William Roberds and Francois R. Velde; 3. Central bank credibility - an historical and quantitative exploration Michael D. Bordo and Pierre L. Siklos; 4. The coevolution of money markets and monetary policy, 1815-2008 Clemens Jobst and Stefano Ugolini; 5. Central bank independence in small open economies Forrest Capie, Geoffrey Wood and Juan Castaneda; 6. Fighting the last war - economists on the lender of last resort Richard S. Grossman and Hugh Rockoff; 7. A century and a half of central banks, international reserves and international currencies Barry Eichengreen and Marc Flandreau; 8. Central banks and the stability of the international monetary regime Catherine Schenk and Tobias Straumann; 9. The international monetary and financial system - a capital account historical perspective Claudio Borio, Harold James and Hyun Song Shin; 10. Central banking - perspectives from emerging economies Menzie D. Chinn; 11. The evolution of the financial stability mandate from its origins to the present day Gianni Toniolo and Eugene N. White; 12. Bubbles and central banks - historical perspectives Markus K. Brunnermeier and Isabel Schnabel; 13. Central banks and payment systems - the evolving trade-off between cost and risk Charles Kahn, Stephen Quinn and Will Roberds; 14. Central bank evolution - lessons learnt from the sub-prime crisis C. A. E. Goodhart; 15. The evolution of central banks - a practitioner's perspective Andrew G. Haldane and Jan F. Qvigstad; Index.

Michael D. Bordo is Professor of Economics and Director of the Center for Monetary and Financial History at Rutgers University, New Brunswick. Oyvind Eitrheim is a Director at the Governor's office, Norges Bank, Oslo. Marc Flandreau is a Professor of International History at the Graduate Institute of International Studies and Development in Geneva. Jan F. Qvigstad is the Executive Director of Norges Bank, Oslo.