TY  - JOUR
AU  - Bordo,Michael D.
AU  - Schwartz,Anna J.
TI  - Charles Goodhart's Contributions to the History of Monetary Institutions
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 8717
PY  - 2002
Y2  - January 2002
UR  - http://www.nber.org/papers/w8717
L1  - http://www.nber.org/papers/w8717.pdf
N1  - Author contact info:
Michael D. Bordo
Department of Economics
Rutgers University
New Jersey Hall
75 Hamilton Street
New Brunswick, NJ 08901
Tel: 732/822-7152
Fax: 732/932-7416
E-Mail: bordo@econ.rutgers.edu

Anna J. Schwartz
NBER
365 Fifth Ave, 5th Floor
New York, NY  10016
Tel: 212/817-7957
Fax: 212/817-1597
E-Mail: aschwartz@gc.cuny.edu
AB  - Our paper examines Charles Goodhart's work on the history of monetary institutions: central bank operations under the gold standard, their behaviour in relation to the financial system in which they functioned, including their responses to banking crises, and their performance as lenders of last resort. Although we differ with Charles on some of the conclusions that he has reached, we pay tribute to his importance in shaping the discussion by economists over a thirty-year span on questions related to the functioning of banks, their customers, and the historic central banks that evolved from serving government to serving banks.
ER  -