Skip to main content Accessibility help
Hostname: page-component-7dc689bd49-kfntg Total loading time: 0 Render date: 2023-03-21T09:18:30.114Z Has data issue: true Feature Flags: { "useRatesEcommerce": false } hasContentIssue true

1 - Introduction

Published online by Cambridge University Press:  05 June 2016

Michael D. Bordo
Rutgers University, New Jersey
Øyvind Eitrheim
Norges Bank
Marc Flandreau
Graduate Institute of International and Development Studies, Geneva
Jan F. Qvigstad
Norges Bank
Get access
Central Banks at a Crossroads
What Can We Learn from History?
, pp. 1 - 17
Publisher: Cambridge University Press
Print publication year: 2016

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)


Bagehot, W. (1873), Lombard Street: A Description of the Money Market, London: H.S. King.Google Scholar
Bernanke, B. S. (2000), Essays on the Great Depression, Princeton, N.J.: Princeton University Press.Google Scholar
Bignon, V., Flandreau, M., and Ugolini, S. (2011), “Bagehot for Beginners: The Making of Lending of Last Resort Operations in the Mid 19th Century,” Economic History Review, 65(2), pp. 580608, May 2012.CrossRefGoogle Scholar
Bordo, M. D. (2014), “Rules For a Lender of Last Resort: An Historical Perspective,” in Frameworks for Central Banking in the Next Century: A Special Issue on the Occasion of the Centennial of the Founding of the Federal Reserve, editors: Bordo, Michael D., Dupour, William and Taylor, John B., Journal of Economic Dynamics and Control, 49, pp. 126134.CrossRefGoogle Scholar
Broz, J. L. and Grossman, R. S. (2004), “Paying for Privilege: The Political Economy of Bank of England Charters, 1694–1844,” Explorations in Economic History, 41 (1), January, pp. 4872.CrossRefGoogle Scholar
Calomiris, C. W. and Haber, S. H. (2014), Fragile by Design: The Political Origins of Banking Crises and Scarce Credit, Princeton, N.J.: Princeton University Press.Google Scholar
Calomiris, C. W., Flandreau, M., and Laeven, L. (2015), “Political Foundations of the Lender of Last Resort: A Global Historical Narrative”, Working Paper.
Cameron, R. (1967), Banking in the Early Stages of Industrialization: A Study in Comparative Economic History, with the collaboration of Crisp, Olga, Patrick, Hugh T., and Tilly, Richard. New York: Oxford University Press.Google Scholar
Dickson, P. G. M. (1967), The Financial Revolution in England. A Study in the Development of Public Credit, 1688–1756 London: Macmillan.Google Scholar
Eichengreen, B. (2013), “Currency War or International Policy Coordination?,” Journal of Policy Modelling, 35 (3), May/June, pp. 425433.CrossRefGoogle Scholar
Eichengreen, B. (2015), Hall of Mirrors: The Great Depression, The Great Recession, and the Uses-and Misuses-of History, USA: Oxford University Press.Google Scholar
Flandreau, M. (2008), “Pillars of Globalization: A History of Monetary Policy Targets, 1797–1997,” in Beyer, A. and Reichlin, L. (eds.), The Role of Money and Monetary Policy in the 21st Century, Proceedings from Fourth ECB Central Banking Conference November 9–10, 2006, Frankfurt: ECB, pp. 208243.Google Scholar
Flandreau, M. (2016), Anthropologists in the Stock Exchange: A Financial History of Victorian Science Chicago: University of Chicago Press.CrossRefGoogle Scholar
Flandreau, M. and Ugolini, S. (2013), “Where It All Began: Lending of Last Resort and the Bank of England during the Overend, Gurney Panic of 1866,” in Bordo, Michael D. and Roberds, William (eds.), Return to Jekyll Island: The Origins, History, and Future of the Federal Reserve, New York: Cambridge University Press, pp. 113161.CrossRefGoogle Scholar
Flandreau, M., Le Cacheux, J., and Zumer, F. (1998), “Stability without a Pact? Lessons from the European Gold Standard, 1880–1913,” Economic Policy, 13 (26), pp. 115162.CrossRefGoogle Scholar
Fratianni, M. and Spinelli, F. (2006), “Italian City-States and Financial Evolution,” European Review of Economic History, 10 (3), pp. 257278.CrossRefGoogle Scholar
Friedman, M. and Schwartz, A. (1963), Monetary History of the United States; 1867 to 1960, Princeton, N.J.:Princeton University Press.Google Scholar
Goodhart, C. A. E. (1988), The Evolution of Central Banks, Cambridge, Mass: MIT Press.Google Scholar
Haldane, A. G. (2014), “Halfway up the stairs,” speech given on 5 August 2014 at the Portadown Chamber of Commerce, Northern Ireland, published in Central Banking Journal on August 5, 2014. London: Bank of England.
Hawtrey, R. G. (1932). The Art of Central Banking, London, New York, etc.: Longmans, Green and Co. Kindle Ebook edition.Google Scholar
Luzzatti, L. (1908), Une conférence internationale pour la paix monétaire, Paris: Chaix.Google Scholar
Mehrling, P. (2010), The New Lombard Street: How the Fed Became the Dealer of Last Resort Princeton, N.J.:Princeton University Press.Google Scholar
Milne, A. A. (1924), When We Were Very Young, (illustrated by Shepard, E.H.), London: Methuen & Co. Ltd.Google Scholar
North, D. C. and Weingast, B. R. (1989), “Constitutions and Commitment: The Evolution of Institutional Governing Public Choice in Seventeenth-Century England,” Journal of Economic History, 49 (4), December, pp. 803832.CrossRefGoogle Scholar
Rousseau, P. L. and Sylla, R. (2006), “Financial Revolutions and Economic Growth: Introducing This EEH Symposium,” Explorations in Economic History, 43 (1), January, pp. 112.CrossRefGoogle Scholar
Shirakawa, M. (2012), “International Financial Stability as a Public Good,” Keynote address at a High-Level Seminar co-hosted by the Bank of Japan and the International Monetary Fund in Tokyo, Japan, October 14, 2012.
Thornton, H. (1802), An Enquiry into the Nature and Effects of the Paper Credit of Great Britain and two speeches (1811). Edited with an Introduction by Hayek, F. A. v.. New York: Rinehart & Company, Inc., 1939.Google Scholar

Save book to Kindle

To save this book to your Kindle, first ensure is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the or variations. ‘’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats