The Evolution of Central Banks - (Perception) 2nd Edition by Charles Goodhart (Paperback)

The Evolution of Central Banks is a comprehensive and insightful analysis of the development and role of central banks in modern economies.

This book provides a wide range of historical evidence and reassesses current monetary analysis to argue that non-profit-maximizing and noncompetitive central banks are essential for supervising and regulating the commercial banking system.

The author surveys the case for free banking, examines the key role of the clearing house in the evolution of central banks, and investigates bank expansion and fluctuation in the context of the clearing house mechanism.

The book concludes that it is the noncompetitive aspect of central banks that is crucial to their performance.

The Evolution of Central Banks is a must-read for anyone interested in understanding the history and role of central banks in modern economies.