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The two stabilities: Friends, good friends, or inseparable?

Author

Listed:
  • Forrest Capie

    (Cass Business School)

  • Terence C. Mills

    (University of Loughborough)

  • Geoffrey Wood

    (Cass Business School)

Abstract

Throughout his long and distinguished career, David Mayes was concerned with a wide range of subjects. This paper focuses on three of them: on monetary and financial history, on monetary stability, and on financial stability. We use the first of these to open up exploration of the second and third. A relationship is often asserted between monetary and financial stability, but how close and how durable is it? Is it one that holds through a long span of history, or is it contingent on a range of factors and therefore comes and goes? To address this, we use here data exclusively from Britain.

Suggested Citation

  • Forrest Capie & Terence C. Mills & Geoffrey Wood, 2020. "The two stabilities: Friends, good friends, or inseparable?," Journal of Banking Regulation, Palgrave Macmillan, vol. 21(1), pages 3-14, March.
    • Handle: RePEc:pal:jbkreg:v:21:y:2020:i:1:d:10.1057_s41261-018-0089-9
    DOI: 10.1057/s41261-018-0089-9
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    References listed on IDEAS

    as
    1. William Haraf, 1988. "Restructuring Banking & Financial Services in America," Books, American Enterprise Institute, number 917739, September.
    2. Demsetz, Harold, 1969. "Information and Efficiency: Another Viewpoint," Journal of Law and Economics, University of Chicago Press, vol. 12(1), pages 1-22, April.
    3. Geoffrey Wood, 2000. "The Lender of Last Resort Reconsidered," Journal of Financial Services Research, Springer;Western Finance Association, vol. 18(2), pages 203-227, December.
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    More about this item

    Keywords

    Monetary policy; Financial stability; Central banking;
    All these keywords.

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

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