Central bank independence is now in vogue because of previous experience of politicisation of monetary policy. But can the central … Continue reading “Should We Have Faith in Central Banks?”

Activity within the World Trade Organisation (WTO) over the past decade has created a trade-policy dimension for financial services. The … Continue reading “Internationalisation of Financial Service (web publication)”

Hard copies of this paper are no longer available for purchase. In the 1999 IEA Hayek Memorial Lecture, reprinted in … Continue reading “Hayek, Currency Competition and European Monetary Union”

In this highly praised book from 1997, George Selgin argues that monetary policy should not have the goal of price … Continue reading “Less than Zero”

The IEA’s publications have a reputation for challenging established ideas and Dr Kurt Schuler’s research in central banking is in … Continue reading “Should Developing Countries Have Central Banks?”

A Historical Survey… 1870-1990 In this historical survey spanning 120 years, the authors attempt to find out if there is … Continue reading “Have the Banks Failed British Industry?”

Kevin Dowd explains how central banking and the monopoly issue of currency by government have politicised and greatly destabilised the … Continue reading “Private Money: The Path to Monetary Stability”

In this reprint of his January 1998 lecture to the IEA, Mr Portillo directly addresses the political issues raised by … Continue reading “Democratic Values and the Currency”

The Keynesian revolution replaced the Classical view by the notion that the economy was inherently unstable but that its fluctuations … Continue reading “The Consequences of Mr Keynes”