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2022 | OriginalPaper | Chapter

1. Introduction

Author : Indranarain Ramlall

Published in: Central Bank Ratings

Publisher: Springer International Publishing

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Abstract

The objective of this chapter is to provide the readers with a general historical and functional overview of central banking worldwide. First, the historical background of central banking is discussed.

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next chapter An Overview of Central Banking in the World

A somewhat similar concept to Lucas critique pertains to the Goodhart’s law (1989) which states that once changes are effected on variables for control purposes, they will trail behind an irregular historical pattern in the data.

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Title: Introduction
Author: Indranarain Ramlall
Publisher: Springer International Publishing
Book: Central Bank Ratings
Print ISBN: 978-3-030-98712-1

Electronic ISBN: 978-3-030-98713-8

Copyright Year: 2022
DOI: https://doi.org/10.1007/978-3-030-98713-8_1