This volume contains two major papers prepared for the Bank of England's Tercentenary Symposium in June 1994. The first, by Forrest Capie, Charles Goodhart and Norbert Schnadt, provides an authoritative account of the evolution of central banking. The second paper, by Stanley Fischer, explores the major policy dilemmas now facing central bankers. Important contributions by six leading central bankers from around the world, and the related Per Jacobsen lecture by Alexander Lamfalussy, are also included in the volume.
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Forrest Capie is Professor Emeritus of Economic History at the Cass Business School, City University of London.
Stanley Fischer is former Governor of the Bank of Israel and has been nominated as Vice Chair of the Federal Reserve]. He is the author of "IMF Essays from a Time of Crisis: The International Financial System, Stabilization, and Development "(MIT Press).
Charles Goodhart CBE, FBA is Emeritus Professor of Banking and Finance and a member of the Financial Markets Group at the London School of Economics and Political Science, having previously served as the group's Deputy Director from 1987 to 2005. From 1985 until his retirement in 2002, he was the Norman Sosnow Professor of Banking and Finance at the LSE. Before moving into academia he worked at the Bank of England for seventeen years as a monetary advisor, becoming a chief advisor in 1980.
"...well written and instructive on many levels..." Journal of Comparative Econonics
"...attains the status of a classic..." Journal of Economic Literature
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