Charles Goodhart

This is a revised edition of the well-known monetary textbook. The book discusses the latest analytical developments in monetary economic theory.

The essays in this work offer a high-level examination of the most important issues facing financial services regulation,and the far-reaching effects of the Financial Services and Markets Act 2000 on the UK financial sector in the context of rapid global change. Taking an interdisciplinary approach the book includes contributions by many distinguished academic authorities on the law and economics of regulation, and also some of the most influential practitioners, regulators and policymakers. As such it provides an authoritative analysis of the underlying issues affecting the broad development of financial services regulation: the objectives of regulation, the responsibilities of the regulated community, the accountability of regulators, the regulation of electronic financial markets and the impact of stock market mergers, regional regulation within Europe, and the development of global financial regulation

Provides the evolution of central banking in the major economies, tracing the development of both the monetery and finanical stability concerns of central banks. Explores the major policy dilemmas now facing central bankers.

This book reflects on the innovations that central banks have introduced since the 2008 collapse of Lehman Brothers to improve their modes of intervention, regulation and resolution of financial markets and financial institutions. Authors from both academia and policy circles explore these innovations through four approaches: ?Bank Capital Regulation? examines the Basel III agreement; ?Bank Resolution? focuses on effective regimes for regulating and resolving ailing banks; ?Central Banking with Collateral-Based Finance? develops thought on the challenges that market-based finance pose for the conduct of central banking; and ?Where Next for Central Banking? examines the trajectory of central banking and its new, central role in sustaining capitalism.