Can central banking survive the IT revolution?

International Finance

Volumn 3, Issue 2, 2000, Pages 189-209

  Goodhart, Charles A E ^a  

^a LONDON SCHOOL OF ECONOMICS   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0012224194     PISSN: 13670271     EISSN: None     Source Type: Journal    
DOI: 10.1111/1468-2362.00048     Document Type: Article

References (36)

1. Bank for International Settlements (BIS) (1996a), Report by the Committee on Payment and Settlement Systems and the Group of Computer Experts of the Central Banks of the Group of Ten Countries. Basel: BIS, August.
2. Bank for International Settlements (BIS) (1996b), Implications for Central Banks of the Development of Electronic Money. Basel: BIS, October.
3. Bank of Japan (2000), 'Forum on the Development of Electronic Payment Technologies and its Implications for Monetary Policy: Interim Report', Institute for Monetary and Economic Studies (IMES) discussion paper 2000-E-6 (English translation), February.
4. Bengtsson, I. (1999a), 'Two Essays on Payments, Contracts and Prices', licentiate dissertation, Department of Economics, Lund University, February 18.
5. Bengtsson, I. (1999b), 'A Treatise on the Co-ordination of Prices', unpublished paper, Department of Economics, Lund University, August 20.
6. Brittan, Sir Samuel (1999), 'The End of Money', Financial Times, 19 August, 14. Reproduced in Britain and Overseas, Economic Research Council, 29(3), Autumn, 16-19.
7. Burns, J. (1999), 'Smuggling Appointment is Part of Shake-up Aimed at Streamlining Fight against Narcotics', Financial Times, October 4, 4.
8. Denny, C. (1999), 'Electronic Currency Trash Cash', The Guardian, November 4, Pt 11, 2-3.
9. Dorn, J. A. (1997), The Future of Money in the Information Age. Washington, DC: Cato Institute.
10. Doyle, B. M. (1999), 'Digging into the Underground Economy', unpublished manuscript, Board of Governors of the Federal Reserve System, November.
11. _ (2000), '"Here, Dollars, Dollars" - Estimating Currency Demand and Worldwide Currency Substitution', unpublished manuscript, Board of Governors of the Federal Reserve System, January.
12. Drehmann, M., and C. Goodhart (2000), 'The Determinants of the Currency/GDP Ratio: A Cross-Country/Time Series Exercise', Financial Markets Group, London School of Economics (forthcoming).
13. Frezza, B. (1997), 'The Internet and the End of Monetary Sovereignty', in Dorn (1997, 29-33).
14. Friedman, B. M. (1999), 'The Future of Monetary Policy: The Central Bank as an Army with Only a Signal Corps', International Finance, 2(3), November, 321-38.
15. Friedman, M. (1959), 'The Demand for Money: Some Theoretical and Empirical Results', Journal of Political Economy, 67, August, 327-5.
16. _ (1969), The Optimum Quantity of Money and Other Essays. Chicago: Aldine.
17. Goodhart, C. (1986), 'How can Non-Interest Bearing Assets Co-Exist with Safe Interest Bearing Assets?', British Review of Economic Issues, 8(19), Autumn, 1-12.
18. _ (1993), 'Can We Improve the Structure of Financial Systems?', European Economic Review, 37(2/3), April, 269-91.
19. Green, E. J. (1999), 'We Need to Think Straight about Electronic Payments', Journal of Money, Credit and Banking, 31(3), Pt 2, August, 668-70.
20. Hall, R. E. (1999), 'Controlling the Price Level', NBER working paper W6914, January.
21. Henckel, T., A. Ize and A. Kovanen (1999), 'Central Banking Without Central Bank Money', Monetary and Exchange Affairs Department, IMF working paper, March.
22. Kabelac, G. (1999), 'Cyber Money as a Medium of Exchange', Economic Research Group of the Deutsche Bundesbank, Frankfurt discussion paper 5/99, October.
23. King, M. A. (1999a), 'Challenges for Monetary Policy: New and Old', Bank of England Quarterly Bulletin, 39(4), November, 397-415 (especially Section 5 on 'The Future of Central Banks', speech, given at the Symposium on 'New Challenges for Monetary Policy' at Jackson Hole, Wyoming on 27 August, 1999).
24. King, M. A. (1999a), 'Challenges for Monetary Policy: New and Old', Bank of England Quarterly Bulletin, 39(4), November, 397-415 (especially Section 5 on 'The Future of Central Banks', speech, given at the Symposium on 'New Challenges for Monetary Policy' at Jackson Hole, Wyoming on 27 August, 1999).
25. _ (1999b), 'Credibility Test: A Personal View', Financial Times, August 30, 12.
26. Krueger, M. (1999), 'Towards a Moneyless World', working paper 9916, Department of Economics, University of Durham, October.
27. McCauley, R. (1998), 'Comments on Rogoff', Economic Policy, 26, April, 295.
28. McCulloch, J. H. (1986), 'Beyond the Historical Gold Standard', in C. D. Campbell and W. R. Dougan, eds, Alternative Monetary Regimes. Baltimore: Johns Hopkins University Press, 73-81.
29. McDowell, R. (1999), 'Can Technology Threaten the Role of Money Settlement Systems', Journal of Foreign Exchange and Money Market, 6(5), October-November, 55-7.
30. Rogoff, K. (1998), 'Blessing or Curse? Foreign and Underground Demand for Euro Notes', Economic Policy, 26, April, 263-303.
31. Svensson, L. (1999), 'Inflation Targeting as a Monetary Policy Rule', Journal of Monetary Economics, 43, 607-54.
32. Taylor, J. B. (ed.) (1999), Monetary Policy Rules. Chicago: Chicago University Press.
33. Wallace, N. (1983), 'A Legal Restrictions Theory of the Demand for "Money" and the Role of Monetary Policy', Federal Reserve Bank of Minneapolis Quarterly Review, Winter, 1-7.
34. Wicksell, K. (1907), 'The Influence of the Rate of Interest on Prices', Economic Journal, 17, 213-20.
35. Woodford, M. (1997), 'Doing Without Money: Controlling Inflation in a Post-Monetary World', unpublished, revised draft of a talk given as a key-note address at the annual meeting of the Society for Economic Dynamics and Control in Mexico City, June 1996, revised August 12, 1997.
36. _ (1999), Interest and Prices. Manuscript draft of a forthcoming book, April 30 version.