The Age of Central Banks
‘Curzio had one of the most fertile and original minds ever to be deployed on
questions relating, first, to the interactions between Central Banks, private sector
financial intermediaries and the government, and second to the working of the
international monetary system in general, and to the role of the IMF specifically within
that. His approach has been to apply a “theory of history”, which provides a
beautifully written and illuminating book, much easier and nicer to read and more rounded
than the limited mathematical models that have so monopolised academia in recent
decades.’
– From the foreword by Charles A.E. Goodhart
Table of Contents
Foreword by Charles A.E. Goodhart
Foreword to the Italian edition by Ignazio Visco
Preface Introduction
Part I: Preliminary Issues
1. Money between State and Market: The Concept of Payment Technology
2. Fluctuations of Trust: Pre-industrial Credit Payment Technologies
Part II: The Rise and Fall of Convertibility
3. The Convertible Banknote and the ‘English Model’
4. Bank Money and Instability: From Bagehot’s Principle to Financial Regulation
5. The Fiat Standard: Monetary Nationalism, Central Bank Autonomy and Credibility
Part III: Between Present and Future
6. International Money: Building Trust in an Underinstitutionalized Environment
7. The Revolution in the Payment System Epilogue Index
328 pages, Hardcover