Charles Goodhart

London School of Economics & Political Science (LSE) - Financial Markets Group

Deputy Director

Houghton Street

London WC2A 2AE

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SCHOLARLY PAPERS

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380

Scholarly Papers (64)

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1.

The Regulatory Response to the Financial Crisis

CESifo Working Paper Series No. 2257
Number of pages: 25 Posted: 25 Mar 2008
Charles Goodhart
London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 3,723 (4,057)

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financial regulation, bank insolvency, deposit insurance, liquidity, Basel II, procyclicality

2.

A Critical Evaluation of Bail-Ins as Bank Recapitalisation Mechanisms

Number of pages: 49 Posted: 12 Aug 2014 Last Revised: 28 Jul 2019
Charles Goodhart and Emilios Avgouleas
London School of Economics & Political Science (LSE) - Financial Markets Group and University of Edinburgh - School of Law
Downloads 1,621 (15,795)
Citation 41

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Bail-ins, bailouts, bank recovery and resolution, cost of bank failures

3.

The International Financial Crisis and Policy Challenges in Asia and the Pacific

BIS Paper No. 52
Number of pages: 402 Posted: 24 Jul 2010
Jaime Caruana, Andrew J. Filardo, Jason George, Anella Munro, Mico Loretan, Guonan Ma, Ilhyock Shim, Philip D. Wooldridge, James Yetman, Haibin Zhu, Jacob Gyntelberg, Eric Ho Pan Chan, Hans Genberg, Eli M. Remolona, Suresh M. Sundaresan, Susan Black, Joseph Yam, Charles M. Engel, Michael B. Devereux, Charles Goodhart, Don H. Kim, Eloisa T. Glindro, Jessica Szeto, Masaaki Shirakawa, Tarisa Watanagase, Zeti Akhtar Aziz and Amando Tetangco Jr
Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Monetary and Economic Department, Bank for International Settlements (BIS), Reserve Bank of New Zealand, Swiss National Bank, Bruegel, Bank for International Settlements (BIS), Bank for International Settlements (BIS), Bank for International Settlements (BIS), Bank for International Settlements (BIS), European Banking Authority, Bank for International Settlements (BIS), University of Geneva - Graduate Institute of International Studies (HEI), Bank for International Settlements (BIS) - Monetary and Economic Department, Columbia University - Columbia Business School, Finance, Herbert Smith, affiliation not provided to SSRN, University of Wisconsin - Madison - Department of Economics, University of British Columbia (UBC) - Department of Economics, London School of Economics & Political Science (LSE) - Financial Markets Group, Board of Governors of the Federal Reserve System, Bank for International Settlements (BIS), affiliation not provided to SSRN, Bank of Japan - Institute of Monetary and Economic Studies, Bank of Thailand, Central Bank of Malaysia and Government of the Republic of the Philippines - Central Bank of the Philippines-Bangko Sentral ng Pilipinas
Downloads 1,228 (23,930)
Citation 1

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4.

Bank Resolution Plans as a Catalyst for Global Financial Reform

Journal of Financial Stability, Vol. 9, pp. 210-218, 2013, Duisenberg School of Finance Policy Paper No. 4
Number of pages: 21 Posted: 10 Jan 2010 Last Revised: 08 May 2013
Emilios Avgouleas, Charles Goodhart and Dirk Schoenmaker
University of Edinburgh - School of Law, London School of Economics & Political Science (LSE) - Financial Markets Group and Rotterdam School of Management, Erasmus University
Downloads 1,109 (27,759)
Citation 3

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banks, too-big-to-fail, burden sharing, bank insolvency procedures

5.

The Changing Role of Central Banks

BIS Working Paper No. 326
Number of pages: 33 Posted: 01 Dec 2010
Charles Goodhart
London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 1,021 (31,234)
Citation 70

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Central Banks, Financial Stability, Financial Regulation, Bank Taxes

6.

Burden Sharing in a Banking Crisis in Europe

Sveriges Riksbank Economic Review, No. 2, pp. 34-57, 2006
Number of pages: 21 Posted: 07 Mar 2006 Last Revised: 19 Jan 2010
Charles Goodhart and Dirk Schoenmaker
London School of Economics & Political Science (LSE) - Financial Markets Group and Rotterdam School of Management, Erasmus University
Downloads 994 (32,413)
Citation 2

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Banks, Financial Stability, Public Finance, Recapitalisation, Lender of Last Resort

7.

Fiscal Burden Sharing in Cross-Border Banking Crises

International Journal of Central Banking, Vol. 5, No. 1, pp. 141-165, 2009, EFA 2008 Athens Meetings Paper
Number of pages: 19 Posted: 05 Mar 2008 Last Revised: 19 Jan 2010
Charles Goodhart and Dirk Schoenmaker
London School of Economics & Political Science (LSE) - Financial Markets Group and Rotterdam School of Management, Erasmus University
Downloads 982 (32,988)
Citation 9

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Banks, Financial Stability, Public Finance, Recapitalisation

8.

Minsky’s Financial Instability Hypothesis and the Leverage Cycle

London School of Economics FMG Special Paper
Number of pages: 44 Posted: 02 Mar 2011 Last Revised: 06 Dec 2011
Sudipto Bhattacharya, Dimitrios P. Tsomocos, Charles Goodhart and Alexandros Vardoulakis
London School of Economics, University of Oxford - Said Business School and St. Edmund Hall, London School of Economics & Political Science (LSE) - Financial Markets Group and Board of Governors of the Federal Reserve System
Downloads 965 (33,803)
Citation 24

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Financial Instability, Minsky, Leverage, Optimism, Relative Performance

9.

Banking Stability Measures

IMF Working Paper No. 09/4
Number of pages: 56 Posted: 11 Mar 2009
Miguel Segoviano Basurto and Charles Goodhart
International Monetary Fund (IMF) - Monetary and Financial Systems Department and London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 941 (35,027)
Citation 1

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Financial stability, Financial risk, Banking systems, Data analysis, Economic models

10.

The Macroprudential Toolkit

Chicago Booth Initiative on Global Markets Working Paper No. 60, Chicago Booth Research Paper No. 11-02, Fama-Miller Working Paper
Number of pages: 21 Posted: 09 Jan 2011 Last Revised: 04 Apr 2013
Anil K. Kashyap, Richard B. Berner and Charles Goodhart
University of Chicago, Booth School of Business, Morgan Stanley Dean Witter & Co. Inc. and London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 921 (36,143)
Citation 12

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11.

Financial Regulation in General Equilibrium

Downloads 785 ( 44,935)
Citation 17

Financial Regulation in General Equilibrium

Chicago Booth Research Paper No. 12-11, Fama-Miller Working Paper
Number of pages: 50 Posted: 06 Mar 2012 Last Revised: 04 Apr 2013
Charles Goodhart, Anil K. Kashyap, Dimitrios P. Tsomocos and Alexandros Vardoulakis
London School of Economics & Political Science (LSE) - Financial Markets Group, University of Chicago, Booth School of Business, University of Oxford - Said Business School and St. Edmund Hall and Board of Governors of the Federal Reserve System
Downloads 552 (70,124)

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Financial Regulation in General Equilibrium

NBER Working Paper No. w17909
Number of pages: 51 Posted: 10 Mar 2012 Last Revised: 09 Jun 2022
Charles Goodhart, Anil K. Kashyap, Dimitrios P. Tsomocos and Alexandros Vardoulakis
London School of Economics & Political Science (LSE) - Financial Markets Group, University of Chicago, Booth School of Business, University of Oxford - Said Business School and St. Edmund Hall and Board of Governors of the Federal Reserve System
Downloads 129 (304,799)
Citation 2

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Financial Regulation in General Equilibrium

Banque de France Working Paper No. 372
Number of pages: 53 Posted: 05 Apr 2012
Charles Goodhart, Anil K. Kashyap, Dimitrios P. Tsomocos and Alexandros Vardoulakis
London School of Economics & Political Science (LSE) - Financial Markets Group, University of Chicago, Booth School of Business, University of Oxford - Said Business School and St. Edmund Hall and Board of Governors of the Federal Reserve System
Downloads 104 (355,660)
Citation 1

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Price setting, changeover, euro, inflation

12.

Analysis of Monetary Policy and Financial Stability: A New Paradigm

CESifo Working Paper Series No. 2885
Number of pages: 39 Posted: 10 Jan 2010
Charles Goodhart, Carolina Osorio and Dimitrios P. Tsomocos
London School of Economics & Political Science (LSE) - Financial Markets Group, affiliation not provided to SSRN and University of Oxford - Said Business School and St. Edmund Hall
Downloads 708 (51,584)

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general equilibrium, financial fragility, monetary policy, regulation

13.

A Model to Analyse Financial Fragility

Economic Theory, Forthcoming
Number of pages: 33 Posted: 11 Mar 2005
Charles Goodhart, Pojanart Sunirand and Dimitrios P. Tsomocos
London School of Economics & Political Science (LSE) - Financial Markets Group, London School of Economics & Political Science (LSE) - Department of Economics and University of Oxford - Said Business School and St. Edmund Hall
Downloads 695 (52,889)
Citation 14

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Financial fragility, commerical banks, general equilibrium, default, incomplete markets, monetary policy, regulatory policy

14.

A Model of the Lender of Last Resort

Downloads 535 ( 73,773)

A Model of the Lender of Last Resort

IMF Working Paper No. 99/39
Number of pages: 33 Posted: 14 Feb 2006
Haizhou Huang and Charles Goodhart
International Monetary Fund (IMF) and London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 535 (72,979)
Citation 7

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Banking Crises, Financial Contagion, Moral Hazard, Lender of Last Resort

A Model of the Lender of Last Resort

Posted: 19 Jan 2001
Charles Goodhart and Haizhou Huang
London School of Economics & Political Science (LSE) - Financial Markets Group and International Monetary Fund (IMF)

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Banking crises, financial contagion, moral hazard, lender of last resort

15.

Bank Resolution 10 Years From The Global Financial Crisis: A Systematic Reappraisal

School of European Political Economy, LUISS 7/2019, Edinburgh School of Law Research Paper Forthcoming
Number of pages: 21 Posted: 06 Jun 2019
Emilios Avgouleas and Charles Goodhart
University of Edinburgh - School of Law and London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 449 (91,098)
Citation 5

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systemic stability, bank resolution, systemic risk, macroprudnetila regulation, bailins, bailouts, BRRD

16.

Default, Credit Growth, and Asset Prices

IMF Working Paper No. 06/223
Number of pages: 44 Posted: 31 Oct 2006
Miguel Segoviano Basurto, Boris Hofmann and Charles Goodhart
International Monetary Fund (IMF) - Monetary and Financial Systems Department, Bank for International Settlements (BIS) - Monetary and Economic Department and London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 447 (91,587)

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Probability of default, credit risk, systemic risk, macroeconomic shocks, stress testing, financial surveillance

17.

Support for Small Businesses Amid COVID-19

Downloads 415 ( 99,788)
Citation 1

Support for Small Businesses Amid COVID-19

Tinbergen Institute Discussion Paper 2020-044/IV
Number of pages: 41 Posted: 03 Aug 2020 Last Revised: 22 Jan 2021
Charles Goodhart, Dimitrios P. Tsomocos and Xuan Wang
London School of Economics & Political Science (LSE) - Financial Markets Group, University of Oxford - Said Business School and St. Edmund Hall and VU University Amsterdam
Downloads 356 (117,972)

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COVID-19, Government Guarantees, optimal default sanction, unemployment, productivity, Adverse Selection, private information, screening

Support for Small Businesses Amid COVID-19

Number of pages: 48 Posted: 10 Jul 2020
Charles Goodhart, Dimitrios P. Tsomocos and Xuan Wang
London School of Economics & Political Science (LSE) - Financial Markets Group, University of Oxford - Said Business School and St. Edmund Hall and VU University Amsterdam
Downloads 59 (494,408)
Citation 2

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COVID-19, government guarantees, optimal default sanction, unemployment, productivity, adverse selection, private information, screening

Support for Small Businesses Amid Covid-19

CEPR Discussion Paper No. DP15055
Number of pages: 51 Posted: 28 Jul 2020 Last Revised: 16 Aug 2020
Charles Goodhart, Dimitrios P. Tsomocos and Xuan Wang
London School of Economics & Political Science (LSE) - Financial Markets Group, University of Oxford - Said Business School and St. Edmund Hall and VU University Amsterdam
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Adverse Selection, COVID-19, Government Guarantees, optimal default sanction, private information, productivity, screening, unemployment

18.

Demographics Will Reverse Three Multi-Decade Global Trends

BIS Working Paper No. 656
Number of pages: 47 Posted: 12 Aug 2017
Charles Goodhart and Manoj Pradhan
London School of Economics & Political Science (LSE) - Financial Markets Group and Talking Heads Macro
Downloads 395 (105,673)
Citation 1

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demography, global labor supply, ageing, real interest rates, inequality

19.

Adjustment Mechanisms in a Currency Area

Downloads 366 (115,188)
Citation 1

Adjustment Mechanisms in a Currency Area

Number of pages: 35 Posted: 27 Oct 2012
Charles Goodhart and James Lee
London School of Economics & Political Science (LSE) - Financial Markets Group and London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 359 (116,875)

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Asymmetric shocks, adjustment mechanisms, relative unit labour costs, migration, fiscal transfers, banking union

Adjustment Mechanisms in a Currency Area

CEPR Discussion Paper No. DP9226
Number of pages: 37 Posted: 01 Feb 2013
Charles Goodhart and James Lee
London School of Economics & Political Science (LSE) - Financial Markets Group and London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 7 (851,721)
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adjustment mechanisms, assymetric shocks, banking union, fiscal transfers, migration, relative unit labour costs

20.

The Skill Profile of Central Bankers and Supervisors

European Finance Review, Vol. 6, pp. 397-427, 2002, EFA 2001 Barcelona Meetings, LSE Financial Markets Group Discussion Paper No. 377
Number of pages: 27 Posted: 05 Jul 2001 Last Revised: 19 Jan 2010
Charles Goodhart, Dirk Schoenmaker and Paolo Dasgupta
London School of Economics & Political Science (LSE) - Financial Markets Group, Rotterdam School of Management, Erasmus University and affiliation not provided to SSRN
Downloads 348 (121,773)
Citation 12

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21.

House Prices, Money, Credit and the Macroeconomy

Downloads 340 (125,024)

House Prices, Money, Credit and the Macroeconomy

ECB Working Paper No. 888
Number of pages: 45 Posted: 07 May 2008
Charles Goodhart and Boris Hofmann
London School of Economics & Political Science (LSE) - Financial Markets Group and Bank for International Settlements (BIS) - Monetary and Economic Department
Downloads 340 (124,279)
Citation 30

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House prices, wealth effects, collateral, financial liberalisation, money and credit

House Prices, Money, Credit, and the Macroeconomy

Oxford Review of Economic Policy, Vol. 24, Issue 1, pp. 180-205, 2008
Posted: 02 Jul 2008
Charles Goodhart
London School of Economics & Political Science (LSE) - Financial Markets Group

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house prices, wealth effects, collateral, financial liberalization, money and credit

22.

Post-Corona Balanced-Budget Super-Stimulus: The Case for Shifting Taxes onto Land

Downloads 264 (162,386)

Post-Corona Balanced-Budget Super-Stimulus: The Case for Shifting Taxes onto Land

CEPR Discussion Papers 2021
Number of pages: 89 Posted: 03 Nov 2021
Michael Kumhof, T. Nicolaus Tideman, Michael Hudson and Charles Goodhart
CEPR, Virginia Polytechnic Institute & State University - Department of Economics, University of Missouri at Kansas City - Department of Economics and London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 264 (161,780)

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Land asset value taxation, land rental value taxation, capital income taxation, labor income taxation, balanced budget, fiscal stimulus, rent, unearned income

Post-Corona Balanced-Budget Super-Stimulus: The Case for Shifting Taxes Onto Land

CEPR Discussion Paper No. DP16652
Number of pages: 89 Posted: 09 Nov 2021
Charles Goodhart, Michael Hudson, Michael Kumhof and T. Nicolaus Tideman
London School of Economics & Political Science (LSE) - Financial Markets Group, Centre for Economic Policy Research (CEPR), CEPR and Virginia Polytechnic Institute & State University - Department of Economics
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Balanced Budget, Capital income taxation, fiscal stimulus, labor income taxation, Land asset value taxation, land rental value taxation, Rent, unearned income

23.

International Monetary Regimes

Capitalism and Society, Vol. 9, No. 2, Article 2, 2014
Number of pages: 11 Posted: 12 Nov 2014
Charles Goodhart and Dimitrios P. Tsomocos
London School of Economics & Political Science (LSE) - Financial Markets Group and University of Oxford - Said Business School and St. Edmund Hall
Downloads 259 (165,558)

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24.

The Global Investment Banks are Now All Becoming American: Does that Matter for Europeans?

Forthcoming, Journal of Financial Regulation, Volume 2, Issue 2, 2016
Number of pages: 23 Posted: 08 Jul 2016
Charles Goodhart and Dirk Schoenmaker
London School of Economics & Political Science (LSE) - Financial Markets Group and Rotterdam School of Management, Erasmus University
Downloads 248 (172,670)
Citation 2

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investment banking, corporate finance, financial regulation and supervision

25.

How Should We Regulate Bank Capital and Financial Products? What Role for 'Living Wills?' (Cómo Deberíamos Regular el Capital Bancario y los Productos Financieros? Cuál es el Papel de los 'Testamentos en Vida?') (Spanish)

Revista de Economía Institucional, Vol. 12, No. 23, p. 85, 2010
Number of pages: 25 Posted: 13 Dec 2010
Charles Goodhart
London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 242 (176,746)
Citation 2

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Financial Regulation, Contagion, Bank Governance, Risk Assessment, Systemic Risk, Boundary Problems

26.

Debt, Recovery Rates and the Greek Dilemma

Saïd Business School WP 2016-15
Number of pages: 38 Posted: 23 May 2016
Charles Goodhart, Udara Peiris and Dimitrios P. Tsomocos
London School of Economics & Political Science (LSE) - Financial Markets Group, National Research University Higher School of Economics - International College of Economics and Finance and University of Oxford - Said Business School and St. Edmund Hall
Downloads 221 (192,806)
Citation 6

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Debt, Default, Renegotiation, Business Cycles, Open Economy

27.

Macro-Modelling, Default and Money

Saïd Business School WP 2016-18
Number of pages: 38 Posted: 03 Jun 2016
Charles Goodhart, Nikolaos Romanidis, Dimitrios P. Tsomocos and Martin Shubik
London School of Economics & Political Science (LSE) - Financial Markets Group, University of Oxford - Said Business School, University of Oxford - Said Business School and St. Edmund Hall and Yale University - School of Management
Downloads 216 (196,986)
Citation 7

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Default, Money, Financial Intermediation, Liquidity, Modelling

28.

Goodhart's Law and Machine Learning: A Structural Perspective

Number of pages: 32 Posted: 23 Jul 2020 Last Revised: 03 May 2021
Chris Hennessy and Charles Goodhart
London Business School and London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 179 (232,975)
Citation 1

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Machine Learning, Goodhart's Law, Structural Models

29.

Beyond Current Policy Frameworks

BIS Working Paper No. 189
Number of pages: 31 Posted: 20 Sep 2007
Charles Goodhart
London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 167 (247,071)
Citation 1

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deflation, asset prices, price level targets, financial stability, Japanese monetary and fiscal policies

30.

Systemic Implications of the Bail-In Design

Downloads 145 (277,421)

Systemic Implications of the Bail-In Design

Number of pages: 56 Posted: 31 Aug 2021 Last Revised: 07 Sep 2021
Alissa M. Kleinnijenhuis, Charles Goodhart and J. Doyne Farmer
Stanford Institute for Economic Policy Research, Stanford University, London School of Economics & Political Science (LSE) - Financial Markets Group and University of Oxford - Institute for New Economic Thinking at the Oxford Martin School
Downloads 145 (278,320)

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Too big to fail, resolution, bail-in, liquidation, insolvency law, financial crises, contagion, financial networks, failure, default, bail-out, banks, systemically important banks, loss absorption requirements, bail-in debt, bail-in debt pricing, political economy

Systemic Implications of the Bail-In Design

CEPR Discussion Paper No. DP16509
Number of pages: 73 Posted: 22 Sep 2021 Last Revised: 04 Feb 2022
J. Doyne Farmer, Charles Goodhart and Alissa M. Kleinnijenhuis
University of Oxford - Institute for New Economic Thinking at the Oxford Martin School, London School of Economics & Political Science (LSE) - Financial Markets Group and Stanford Institute for Economic Policy Research, Stanford University
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bail-in, bail-in debt pricing, contagion, default, financial crisis, Financial Networks, political economy, Resolution, systemically important banks, Too Big To Fail

31.

Pandemic Recession and Helicopter Money: Venice, 1629-1631

BAFFI CAREFIN Centre Research Paper No. 179, 2022
Number of pages: 53 Posted: 10 May 2022
Charles Goodhart, Donato Masciandaro and Stefano Ugolini
London School of Economics & Political Science (LSE) - Financial Markets Group, Bocconi University - Department of EconomicsBocconi University - Department of Economics (ECO) and University of Toulouse 1 - Laboratoire d'Etudes et de Recherches sur l'Économie, les Politiques et les Systèmes Sociaux (LEREPS)
Downloads 133 (296,536)

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monetary policy, helicopter money, pandemic, Venice 1629-1631

32.

Optimal Bank Recovery

IMF Working Paper No. 15/217
Number of pages: 42 Posted: 05 Jan 2016
Charles Goodhart and Miguel Segoviano Basurto
London School of Economics & Political Science (LSE) - Financial Markets Group and International Monetary Fund (IMF) - Monetary and Financial Systems Department
Downloads 110 (340,122)

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Bank Recovery, Metrics for Triggers, Loss Absorption, Probability of Distress, Loan Default, banks, bank, risk, value, systemic risk, Government Policy and Regulation, All Countries,

33.

Investigating Time-Variation in the Marginal Predictive Power of the Yield Spread

ECB Working Paper No. 802
Number of pages: 54 Posted: 22 Aug 2007
Luca Benati and Charles Goodhart
European Central Bank (ECB) and London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 100 (362,401)
Citation 5

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Bayesian VARs, stochastic volatility, time-varying parameters, median-unbiased estimation, Monte Carlo integration

34.

Narratives of the Great Financial Crisis (GFC): Why I Am out of Step

Journal of Financial Perspectives, Vol. 1, No. 3, 2013
Number of pages: 11 Posted: 27 Nov 2017
Charles Goodhart
London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 70 (447,064)

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35.

One Day in June, 1994: A Study of the Working of Reuters 2000-2 Electronic Foreign Exchange Trading System

NBER Working Paper No. t0179
Number of pages: 133 Posted: 20 Sep 2000 Last Revised: 30 Jun 2022
Charles Goodhart, Takatoshi Ito and Richard Payne
London School of Economics & Political Science (LSE) - Financial Markets Group, University of Tokyo - Faculty of Economics and City University London - The Business School
Downloads 67 (457,393)
Citation 3

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36.

Bank Credit and Default in Infinite Horizon

Number of pages: 36 Posted: 04 Dec 2019
Charles Goodhart, Dimitrios P. Tsomocos and Xuan Wang
London School of Economics & Political Science (LSE) - Financial Markets Group, University of Oxford - Said Business School and St. Edmund Hall and VU University Amsterdam
Downloads 64 (468,083)

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default, bank credit and inside money, price-level determinacy and financial stability, bank capital regulation

37.

Global Macroeconomic and Financial Supervision: Where Next?

NBER Working Paper No. w17682
Number of pages: 32 Posted: 25 Dec 2011 Last Revised: 25 Apr 2022
Charles Goodhart
London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 53 (511,302)

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38.

International Debt Overhang and Monetary Policy: A Simulation Exercise Using Czech Republic Data

Saïd Business School WP 2018-14
Number of pages: 31 Posted: 31 Jul 2018
Charles Goodhart, Kanat Isakov, Mahatelge Udara Peiris and Dimitrios P. Tsomocos
London School of Economics & Political Science (LSE) - Financial Markets Group, National Research University Higher School of Economics, National Research University Higher School of Economics and University of Oxford - Said Business School and St. Edmund Hall
Downloads 38 (582,826)
Citation 1

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Debt, Default, Monetary Policy, Renegotiation, Business Cycles, Open Economy

39.

The ECB and the Conduct of Monetary Policy: Goodhart's Law and Lessons from the Euro Area

Journal of Common Market Studies, Vol. 44, No. 4, pp. 757-778, November 2006
Number of pages: 22 Posted: 08 Oct 2006
Charles Goodhart
London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 30 (629,666)
Citation 1

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40.

Online Appendix: Systemic Implications of the Bail-In Design

Number of pages: 35 Posted: 31 Aug 2021
Alissa M. Kleinnijenhuis, Charles Goodhart and J. Doyne Farmer
Stanford Institute for Economic Policy Research, Stanford University, London School of Economics & Political Science (LSE) - Financial Markets Group and University of Oxford - Institute for New Economic Thinking at the Oxford Martin School
Downloads 22 (686,251)

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Too big to fail, resolution, bail-in, liquidation, insolvency law, financial crisis, contagion, financial networks, failure, default, bail-out, banks, systemically important banks, loss absorption requirements, bail-in debt, bail-in debt pricing, political economy

41.

The Determination of the Money Supply: Flexibility versus Control

The Manchester School, Vol. 85, pp. 33-56, 2017
Number of pages: 24 Posted: 03 Aug 2017
Charles Goodhart
London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 11 (780,033)
Citation 4

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42.

The Continuing Muddles of Monetary Theory: A Steadfast Refusal to Face Facts

Economica, Vol. 76, Issue s1, pp. 821-830, October 2009
Number of pages: 10 Posted: 08 Oct 2009
Charles Goodhart
London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 7 (819,693)
Citation 1

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43.

Canadian Legalization of Cannabis Reduces Both its Cash Usage and 'Black' Economy

CEPR Discussion Paper No. DP13448
Number of pages: 12 Posted: 23 Jan 2019
Charles Goodhart and Jonathan Ashworth
London School of Economics & Political Science (LSE) - Financial Markets Group and Independent
Downloads 5 (840,386)
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Black Economy, Canada, Cannabis, cash

44.

You Might as Well Be Hung for a Sheep as a Lamb: The Loss Function of an Agent*

Manchester School, Vol. 76, Issue 3, pp. 279-300, June 2008
Number of pages: 22 Posted: 16 Apr 2008
Margaret Bray and Charles Goodhart
London School of Economics & Political Science (LSE) - Department of Economic History and London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 5 (840,386)

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45.

Coronavirus Panic Fuels a Surge in Cash Demand

CEPR Discussion Paper No. DP14910
Number of pages: 9 Posted: 29 Jun 2020
Jonathan Ashworth and Charles Goodhart
Independent and London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 3 (863,237)
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Coronavirus, Currency usage, Hoarding in panics, Payment technologies

46.

Monetary Policy and Bank Profitability in a Low Interest Rate Environment: A Follow-Up and a Rejoinder

CEPR Discussion Paper No. DP13752
Number of pages: 29 Posted: 30 May 2019
Charles Goodhart and Ali Kabiri
London School of Economics & Political Science (LSE) - Financial Markets Group and University of Buckingham - Department of Economics and International Studies
Downloads 3 (863,237)
Citation 1
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Bank profitability, credit extension, Low interest rates, Net interest margin

47.

Equity Finance: Matching Liability to Power

CEPR Discussion Paper No. DP13494
Number of pages: 32 Posted: 04 Feb 2019
Charles Goodhart and Rosa M. Lastra
London School of Economics & Political Science (LSE) - Financial Markets Group and Centre for Commercial Law Studies, Queen Mary University of London
Downloads 3 (863,237)
Citation 2
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Banking, banks, corporate governance, institutional investors, limited liability, Senior Management Regime, Two Tier Equity

48.

A Critical Evaluation of Bail-In as a Bank Recapitalisation Mechanism

CEPR Discussion Paper No. DP10065
Number of pages: 32 Posted: 25 Sep 2014
Emilios Avgouleas and Charles Goodhart
University of Edinburgh - School of Law and London School of Economics & Political Science (LSE) - Financial Markets Group
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Citation 1
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bail-in, bank recapitalisation, bank regulation, creditor flight, moral hazard

49.

The Slope of the Term Structure and Recessions: Evidence from the UK, 1822-2016

CEPR Discussion Paper No. DP13519
Number of pages: 17 Posted: 19 Feb 2019
Forrest Capie, Charles Goodhart and Terence C. Mills
Bank of England, London School of Economics & Political Science (LSE) - Financial Markets Group and Loughborough University - Department of Economics
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prediction, probit models, Recession, yield spread

50.

Why Monetary Policy Has Been Comparatively Ineffective?

The Manchester School, Vol. 83, pp. 20-29, 2015
Number of pages: 10 Posted: 17 Jun 2015
Charles Goodhart
London School of Economics & Political Science (LSE) - Financial Markets Group
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51.

Credit Mechanics - A Precursor to the Current Money Supply Debate

CEPR Discussion Paper No. DP13233
Number of pages: 41 Posted: 15 Oct 2018 Last Revised: 31 Oct 2018
Frank Decker and Charles Goodhart
The University of Sydney Law School and London School of Economics & Political Science (LSE) - Financial Markets Group
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Citation 6
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balances mechanics, Bank credit, credit creation, credit mechanics, money supply theory

52.

A Central Bank's Optimal Balance Sheet Size?

CEPR Discussion Paper No. DP12272
Number of pages: 16 Posted: 11 Sep 2017
Charles Goodhart
London School of Economics & Political Science (LSE) - Financial Markets Group
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auction risk, Central Bank Balance Sheet, Debt Management, interest rate risk, liquidity, Monetary Policy Renormalisation, QE

53.

Populism and Central Bank Independence

CEPR Discussion Paper No. DP12122
Number of pages: 22 Posted: 04 Jul 2017
Charles Goodhart and Rosa M. Lastra
London School of Economics & Political Science (LSE) - Financial Markets Group and Centre for Commercial Law Studies, Queen Mary University of London
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accountability, central bank independence, Judicial review, Legitimacy, Mandates, populism

54.

Corporate Legacy Debt, Inflation, and the Efficacy of Monetary Policy

CEPR Discussion Paper No. DP16799
Number of pages: 53 Posted: 11 Feb 2022 Last Revised: 29 Mar 2022
Charles Goodhart, M. Udara Peiris, Dimitrios P. Tsomocos and Xuan Wang
London School of Economics & Political Science (LSE) - Financial Markets Group, HSE University, University of Oxford - Said Business School and St. Edmund Hall and VU University Amsterdam
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Corporate indebtedness, debt inflation, income effect, Monetary transmission Mechanism, Taylor principle, Working capital

55.

The Great COVID Cash Surge - Digitalisation Hasn't Dented Cash's Safe Haven Role

CEPR Discussion Paper No. DP16618
Number of pages: 21 Posted: 15 Nov 2021
Jonathan Ashworth and Charles Goodhart
Independent and London School of Economics & Political Science (LSE) - Financial Markets Group
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Banknote Issue and Withdrawal, cash, Covid 19, Panic Response

56.

Pandemic Recession, Helicopter Money and Central Banking: Venice, 1630

CEPR Discussion Paper No. DP15715
Number of pages: 45 Posted: 11 Feb 2021
Charles Goodhart, Donato Masciandaro and Stefano Ugolini
London School of Economics & Political Science (LSE) - Financial Markets Group, Bocconi University - Department of EconomicsBocconi University - Department of Economics (ECO) and University of Toulouse 1 - Laboratoire d'Etudes et de Recherches sur l'Économie, les Politiques et les Systèmes Sociaux (LEREPS)
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57.

Could/Should Jubilee Debt Cancellations Be Reintroduced Today?

CEPR Discussion Paper No. DP12605
Number of pages: 31 Posted: 22 Jan 2018
Charles Goodhart and Michael Hudson
London School of Economics & Political Science (LSE) - Financial Markets Group and University of Missouri at Kansas City - Department of Economics
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Inequality; Debt-Canceling Jubilees; Babylonian and Byzantine Empires; Equity Participation; Student Loans; Land Tax

58.

Should the Functions of Monetary Policy and Banking Supervision Be Separated?

Oxford Economic Papers, Vol. 47, pp. 539-560, 1995
Posted: 20 Feb 2010
Charles Goodhart and Dirk Schoenmaker
London School of Economics & Political Science (LSE) - Financial Markets Group and Rotterdam School of Management, Erasmus University

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59.

Analysis of Spreads in the Dollar/Euro and Deutsche Mark/Dollar Foreign Exchange Markets

Economic Policy, Vol. 17, No. 35, 2002
Posted: 14 Jun 2007
Charles Goodhart, Ryan Love, Richard Payne and Dagfinn Rime
London School of Economics & Political Science (LSE) - Financial Markets Group, London School of Economics & Political Science (LSE), City University London - The Business School and BI Norwegian Business School

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60.

Two Concepts of Money, and the Future of Europe

Posted: 15 Jun 2003
Charles Goodhart
London School of Economics & Political Science (LSE) - Financial Markets Group

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61.

Regulating Financial Services and Markets in the 21st Century

REGULATING FINANCIAL SERVICES AND MARKETS IN THE 21ST CENTURY, E. Ferran, C. A. E. Goodhart, eds., Hart Publishing Co., 2001
Posted: 12 Nov 2001
Eilis Ferran and Charles Goodhart
University of Cambridge - Faculty of Law and London School of Economics & Political Science (LSE) - Financial Markets Group

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financial markets, national regional and international regulation

62.

Do Asset Prices Help to Predict Consumer Price Inflation?

Manchester School, Vol. 68, No. 5
Posted: 05 Jun 2001
Charles Goodhart and Boris Hofmann
London School of Economics & Political Science (LSE) - Financial Markets Group and Bank for International Settlements (BIS) - Monetary and Economic Department

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63.

A Simple Model of an International Lender of Last Resort

Economic Notes, Vol. 29, Issue 1, February 2000
Posted: 02 Oct 2000
Charles Goodhart and Haizhou Huang
London School of Economics & Political Science (LSE) - Financial Markets Group and International Monetary Fund (IMF)

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64.

The Effects of Macroeconomic 'News' on High Frequency Exchange Rate Behavior

Journal of Financial and Quantitative Analysis, September 1998
Posted: 15 Sep 1998
Richard Payne, Alvaro Almeida and Charles Goodhart
City University London - The Business School, London School of Economics & Political Science (LSE) - Financial Markets Group and London School of Economics & Political Science (LSE) - Financial Markets Group

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