Monetary History, Exchange Rates and Financial Markets Essays in Honour of Charles Goodhart

Commenting on the quality of the contributors when opening the conference on which these books are based, the former Governor of the Bank of England, Sir Edward George, said 'I cannot remember ever before having had such a galaxy of academic economist and central banking superstars gathered together under one roof!'' Monetary History, Exchange Rates and Financial Marketsis an impressive collection of original papers in honour of Charles Goodhart's outstanding contribution to monetary economics and policy. Its contributors - eminent international academics, central bankers and financial market regulators - provide an insight into an extensive set of issues including: the role of the history of economic thought in modern macroeconomics Charles Goodhart's contribution to British monetary history lessons from the history of financial crises customer trades and extreme events in foreign exchange markets trading activity, volatility and liquidity in foreign exchange markets competition, stability and financial regulation. Charles Goodhart has written extensively on many of these topics and has become synonymous with his field; the chapters within this book offer a summary of current thinking on his own research subjects and include perspectives on controversies surrounding them. Integrating clarity of economic thinking with the practicalities of policy, this arresting book will be invaluable to economists, central bankers and students of monetary economics. The companion volume examines central banking, monetary theory and practice.