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2022 | OriginalPaper | Buchkapitel

1. Introduction

verfasst von : Indranarain Ramlall

Erschienen in: Central Bank Ratings

Verlag: 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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Fußnoten
1
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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Metadaten
Titel
Introduction
verfasst von
Indranarain Ramlall
Copyright-Jahr
2022
DOI
https://doi.org/10.1007/978-3-030-98713-8_1