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Tag Archives: Charles Goodhart

IV The Power of Global Finance

Under present arrangements, finance too often acts as a malevolent force, rewarding private sectional interests at the expense of the public interest. This is because the globalisation of markets has run ahead of our power to control them. Properly harnessed, global finance could be, again, an enormously powerful force for good. Designing such a harness…
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Is “The Money Trap” too radical?

The most common response I have had to the proposals made in my book for a new banking system and global monetary reform is that they are too radical, too ambitious, and won’t happen. When I ask such critics (who are usually of a friendly disposition) what are they suggesting, they usually reply that slow…
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Goodhart’s cry of despair

Five years after the international banking system fell into the arms of the central banks and governments, there is still a paralysing uncertainty about the extent and cost of regulation, the viability of banking models and the monetary policy regime.   More about financial regulation and banking models in future columns. Now let us look…
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