Charles Goodhart

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

Deputy Director

Houghton Street

London WC2A 2AE

United Kingdom

SCHOLARLY PAPERS

42

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CITATIONS
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384

Scholarly Papers (42)

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 3,143 (2,138)
Citation 22

Abstract:

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

2.
Downloads 832 ( 21,555)
Citation 5

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 827 (21,377)
Citation 5

Abstract:

The Macroprudential Toolkit

IMF Economic Review, Vol. 59, Issue 2, pp. 145-161, 2011
Number of pages: 17 Posted: 04 Jul 2011
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 5 (527,301)
Citation 5
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Abstract:

3.

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 792 (18,486)
Citation 10

Abstract:

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

4.

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 774 (21,163)
Citation 25

Abstract:

Banks, Financial Stability, Public Finance, Recapitalisation

5.

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 764 (21,633)
Citation 23

Abstract:

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

6.
Downloads 670 ( 29,383)
Citation 5

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
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 505 (42,174)
Citation 5

Abstract:

Financial Regulation in General Equilibrium

NBER Working Paper No. w17909
Number of pages: 51 Posted: 10 Mar 2012
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 88 (234,511)
Citation 5

Abstract:

Financial Regulation in General Equilibrium

Banque de France Working Paper No. 372
Number of pages: 53 Posted: 05 Apr 2012
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 77 (254,955)
Citation 5

Abstract:

Price setting, changeover, euro, inflation

7.

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

BIS Paper No. 52
Number of pages: 402 Posted: 24 Jul 2010
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), Danske Bank, Bank for International Settlements (BIS), University of Geneva - Graduate Institute of International Studies (HEI), Bank for International Settlements (BIS) - Monetary and Economic Department, Columbia Business School - Finance and Economics, 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, Federal Reserve Board - Division of Monetary Affairs, 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 631 (24,891)
Citation 3

Abstract:

8.

A Model to Analyse Financial Fragility

Economic Theory, Forthcoming
Number of pages: 33 Posted: 11 Mar 2005
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 588 (32,157)
Citation 39

Abstract:

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

9.

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
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 568 (29,383)

Abstract:

Financial Instability, Minsky, Leverage, Optimism, Relative Performance

10.

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 511 (39,198)
Citation 10

Abstract:

Central Banks, Financial Stability, Financial Regulation, Bank Taxes

11.

A Critical Evaluation of Bail-Ins as Bank Recapitalisation Mechanisms

Number of pages: 49 Posted: 12 Aug 2014
Charles Goodhart and Emilios Avgouleas
London School of Economics & Political Science (LSE) - Financial Markets Group and University of Edinburgh - School of Law
Downloads 493 (17,522)

Abstract:

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

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 465 (39,678)
Citation 4

Abstract:

general equilibrium, financial fragility, monetary policy, regulation

13.
Downloads 432 ( 51,856)

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 432 (51,325)
Citation 62

Abstract:

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)

Abstract:

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

14.

Deflation, Credit and Asset Prices

HKIMR Working Paper No. 13/2003
Number of pages: 26 Posted: 27 Aug 2007
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 424 (43,705)
Citation 20

Abstract:

15.

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 405 (40,351)
Citation 6

Abstract:

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

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 399 (56,156)
Citation 17

Abstract:

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

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 336 (69,477)

Abstract:

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 (517,168)
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Abstract:

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

18.

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 318 (72,487)
Citation 8

Abstract:

19.
Downloads 267 ( 90,434)
Citation 33

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 267 (89,990)
Citation 33

Abstract:

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

Abstract:

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

20.

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 162 (131,032)

Abstract:

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

21.

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 152 (151,754)
Citation 1

Abstract:

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

22.

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 134 (133,105)

Abstract:

23.

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 79 (231,056)
Citation 2

Abstract:

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

24.

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
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 - Sir John Cass Business School
Downloads 53 (289,341)
Citation 50

Abstract:

25.

Global Macroeconomic and Financial Supervision: Where Next?

NBER Working Paper No. w17682
Number of pages: 32 Posted: 25 Dec 2011
Charles Goodhart
London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 40 (345,579)
Citation 2

Abstract:

26.

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 23 (413,909)
Citation 17
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Abstract:

27.

Book Reviews

The Economic Journal, Vol. 112, pp. 566-607, 2002
Number of pages: 42 Posted: 27 Apr 2003
Bank for International Settlements (BIS), University of Durham, Goethe University Frankfurt, World Bank, affiliation not provided to SSRN, Royal Holloway, University of London, University of Birmingham - Department of Economics, University of Birmingham - Department of Economics, University of the West of England (UWE) - School of Economics, London School of Economics - Department of Finance, University of Birmingham, Heriot-Watt University - Centre for Economic Reform and Transformation, London School of Economics & Political Science (LSE), University of London, Birkbeck College - Department of Economics, Imperial College Business School, University of Bologna - Department of Economics, Vienna University of Economics and Business Administration, Federal Reserve Bank of Boston, University of London - Department of Political Economy, University of East Anglia, Carleton University - Department of Economics, University of Stirling - Department of Economics, University of Zurich, Université de Lausanne and London School of Economics & Political Science (LSE) - Financial Markets Group
Downloads 21 (424,041)
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Abstract:

28.

The Challenges Facing Currency Usage: Will the Traditional Transaction Medium be Able to Resist Competition From the New Technologies?

Economic Policy, Vol. 17, pp. 193-227, 2002
Number of pages: 35 Posted: 02 Dec 2002
Mathias Drehmann, Charles Goodhart and Malte Krueger
Bank for International Settlements (BIS), London School of Economics & Political Science (LSE) - Financial Markets Group and PaySys Consultancy GmbH
Downloads 20 (418,972)
Citation 14
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Abstract:

29.

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 4 (508,023)
Citation 2
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Abstract:

30.

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
Downloads 2 (517,723)
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Abstract:

bail-in, bank recapitalisation, bank regulation, creditor flight, moral hazard

31.

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 0 (208,158)

Abstract:

investment banking, corporate finance, financial regulation and supervision

32.

Macro-Modelling, Default and Money

Saïd Business School WP 2016-18,
Number of pages: 38 Posted: 03 Jun 2016
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 0 (243,147)
Citation 4

Abstract:

Default, Money, Financial Intermediation, Liquidity, Modelling

33.

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 0 (296,706)

Abstract:

Debt, Default, Renegotiation, Business Cycles, Open Economy

34.

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 0 (260,477)

Abstract:

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

35.

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
Downloads 0 (535,638)
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Abstract:

36.

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

Abstract:

37.

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 - Sir John Cass Business School and BI Norwegian Business School

Abstract:

38.

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

Abstract:

39.

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

Abstract:

financial markets, national regional and international regulation

40.

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

Abstract:

41.

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)

Abstract:

42.

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 - Sir John Cass Business School, London School of Economics & Political Science (LSE) - Financial Markets Group and London School of Economics & Political Science (LSE) - Financial Markets Group

Abstract: