Asset Details

MbrlCatalogueTitleDetail

Do you wish to reserve the book?

Central Banking without Romance

by Aguiar-Hicks, Robin , Hogan, Thomas L , Smith, Daniel J

in Banking / Banking industry / Banks (Finance) / ben bernanke / Bernanke, Ben / Central banks / Chairpersons / Comparative analysis / Dominance / Economics / Economists / federal reserve / Financial crises / Fixed exchange rates / Foreign exchange rates / Gold / Gold standard / Inflation / Liability insurance / Monetary policy / public choice / Purchasing power / Rating services / Regulation of financial institutions / Silver / Speculation / stability / Suppliers / Supply & demand / Theory

2018

Yes Please

Hey, we have placed the reservation for you!

By the way, why not check out events that you can attend while you pick your title.

Oops! Something went wrong.

Looks like we were not able to place the reservation. Kindly try again later.

Are you sure you want to remove the book from the shelf?

Central Banking without Romance

by Aguiar-Hicks, Robin , Hogan, Thomas L , Smith, Daniel J

2018

Confirm

Do you wish to request the book?

Central Banking without Romance

by Aguiar-Hicks, Robin , Hogan, Thomas L , Smith, Daniel J

2018

Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy

How would you like to get it?

Submit

We have requested the book for you!

Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.

Oops! Something went wrong.

Looks like we were not able to place your request. Kindly try again later.

Journal Article

Central Banking without Romance

Aguiar-Hicks, Robin,

Hogan, Thomas L,

Smith, Daniel J

2018

Overview

Many economists, including former Federal Reserve chairman Ben Bernanke, believe that the gold standard generates poor economic outcomes including output volatility, price instability, financial panics, the spread of recessions via the exchange rate, and speculation-induced collapse. These problems, however, do not by themselves demonstrate the superiority of central banks over the gold standard. Comparative institutional analysis requires demonstrating that the relevant alternative, in this case a central bank, can improve upon these outcomes in practice. We use this standard to compare central banking and the gold standard in the United States. Recent theoretical and empirical evidence suggests that the Fed has not been able to measurably improve upon the gold standard even when it comes to these deficiencies.

Share this book

Add to My Shelf

Publisher

Mario Rostoni Library - Universita Carlo Cattaneo- LIUC,Università Carlo Cattaneo - Biblioteca Mario Rostoni,Università Carlo Cattaneo LIUC

Subject