The Lender of Last Resort

ISBN-13: 9780415464956 / Angielski / Miękka / 2008 / 504 str.

Forrest H. Capie

Opis

The capacity of national central banks to step in and bail out an economy is one which has proved to be very important over the years. This collection brings together important literature in book form.

Spis treści

Section One: The Classics  1. Opening Quotation from Francis Baring  2. Selection from Thornton's 'Paper Credit'  3. Selection from Marianne Thornton's Letters  4. Selection from Joplin  5. Selection from Bagehot  6. The Gibbs-Price Correspondence  7. 'The Lender of Last Resort' from The Art of Central Banking  8. 'Theory of Central Banks of Issue' in C. Rist History of Monetary and Credit Theory  Section Two: Modern Articles with a Domestic Focus  9. 'Real and Pseudo Financial Crises' in F.H. Capie and G.E. Wood eds. Financial Crises and the World Banking System  10. 'The Lender of Last Resort' in FRB of Richmond Economic Review  11. 'The Lender of Last Resort: Alternative Views and Historical Experience' in FRB of Richmond Economic Review  12. 'Emergence of the Bank of England as Mature Central Bank' in D. Winch and P.K. O'Brien eds. Political Economy of British Historical Experience, 1688-1914  13. 'Some Myths About the Lender of Last Resort' in International Finance, Vol. 2, No. 3  14. 'The Lender of Last Resort: Pushing the Doctrine too Far' in F.H. Capie & G.E. Wood eds. Monetary Economics in the 1990s  15. 'The Bagehot Problem'  16. 'The Lender of Last Resort Reconsidered' in Journal of Financial Services Research  Section Three: International  17. 'Bagehot and the Theory of Central Banking' in F.H. Capie & G.E. Wood eds. Financial Crises and the World Banking System  18. 'On the Need for an International Lender of Last Resort' in Journal of Economic Perspectives, Vol. 13, No. 4  19. 'The IMF’s Role as Lender of Last Resort' in Cato Journal  20a. 'Evidence to Committee on Banking'  20b. 'Is There a Need for an International Lender of Last Resort?' in Cato Journal  20c. 'Earmarks of a Lender of Last Resort' in Economic Directions

O autorze

Forrest Capie, Geoffrey E. Wood