“Central Banks at a Crossroads: What Can We Learn from History?”

That’s the title of a book commissioned by the Norges Bank on the bicentennial of the Bank’s founding, and edited by Michael D. Bordo, Øyvind Eitrheim, Marc Flandreau and Jan F. Qvigstad (published by Cambridge University Press). Here’s the table of contents:


  • Preface
    Michael D. Bordo, Øyvind Eitrheim, Marc Flandreau,
    and Jan F. Qvigstad
  • 1 Introduction
    Michael D. Bordo, Øyvind Eitrheim, Marc Flandreau,
    and Jan F. Qvigstad
  • 2 The Descent of Central Banks (1400–1815)
    William Roberds and François R. Velde
  • 3 Central Bank Credibility: An Historical and Quantitative Exploration
    Michael D. Bordo and Pierre L. Siklos
  • 4 The Coevolution of Money Markets and Monetary Policy,
    1815–2008
    Clemens Jobst and Stefano Ugolini
  • 5 Central Bank Independence in Small Open Economies
    Forrest Capie, Geoffrey Wood, and Juan Castañeda
  • 6 Fighting the Last War: Economists on the Lender of Last Resort
    Richard S. Grossman and Hugh Rockoff
  • 7 A Century and a Half of Central Banks, International
    Reserves, and International Currencies
    Barry Eichengreen and Marc Flandreau
  • 8 Central Banks and the Stability of the International
    Monetary Regime
    Catherine Schenk and Tobias Straumann
  • 9 The International Monetary and Financial System:
    A Capital Account Historical Perspective
    Claudio Borio, Harold James, and Hyun Song Shin
  • 10 Central Banking: Perspectives from Emerging Economies (working paper version)
    Menzie D. Chinn
  • 11 The Evolution of the Financial Stability Mandate: From Its Origins to the Present Day
    Gianni Toniolo and Eugene N. White
  • 12 Bubbles and Central Banks: Historical Perspectives
    Markus K. Brunnermeier and Isabel Schnabel
  • 13 Central Banks and Payment Systems: The Evolving Trade-off between Cost and Risk
    Charles Kahn, Stephen Quinn, and William Roberds
  • 14 Central Bank Evolution: Lessons Learnt from
    the Sub-Prime Crisis
    C. A. E. Goodhart
  • 15 The Evolution of Central Banks: A Practitioner’s
    Perspective
    Andrew G. Haldane and Jan F. Qvigstad

The book was released at this symposium on the occasion of the 200th anniversary; the official book website is here (some front matter here).