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Contributors
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- By Mitchell Aboulafia, Frederick Adams, Marilyn McCord Adams, Robert M. Adams, Laird Addis, James W. Allard, David Allison, William P. Alston, Karl Ameriks, C. Anthony Anderson, David Leech Anderson, Lanier Anderson, Roger Ariew, David Armstrong, Denis G. Arnold, E. J. Ashworth, Margaret Atherton, Robin Attfield, Bruce Aune, Edward Wilson Averill, Jody Azzouni, Kent Bach, Andrew Bailey, Lynne Rudder Baker, Thomas R. Baldwin, Jon Barwise, George Bealer, William Bechtel, Lawrence C. Becker, Mark A. Bedau, Ernst Behler, José A. Benardete, Ermanno Bencivenga, Jan Berg, Michael Bergmann, Robert L. Bernasconi, Sven Bernecker, Bernard Berofsky, Rod Bertolet, Charles J. Beyer, Christian Beyer, Joseph Bien, Joseph Bien, Peg Birmingham, Ivan Boh, James Bohman, Daniel Bonevac, Laurence BonJour, William J. Bouwsma, Raymond D. Bradley, Myles Brand, Richard B. Brandt, Michael E. Bratman, Stephen E. Braude, Daniel Breazeale, Angela Breitenbach, Jason Bridges, David O. Brink, Gordon G. Brittan, Justin Broackes, Dan W. Brock, Aaron Bronfman, Jeffrey E. Brower, Bartosz Brozek, Anthony Brueckner, Jeffrey Bub, Lara Buchak, Otavio Bueno, Ann E. Bumpus, Robert W. Burch, John Burgess, Arthur W. Burks, Panayot Butchvarov, Robert E. Butts, Marina Bykova, Patrick Byrne, David Carr, Noël Carroll, Edward S. Casey, Victor Caston, Victor Caston, Albert Casullo, Robert L. Causey, Alan K. L. Chan, Ruth Chang, Deen K. Chatterjee, Andrew Chignell, Roderick M. Chisholm, Kelly J. Clark, E. J. Coffman, Robin Collins, Brian P. Copenhaver, John Corcoran, John Cottingham, Roger Crisp, Frederick J. Crosson, Antonio S. Cua, Phillip D. Cummins, Martin Curd, Adam Cureton, Andrew Cutrofello, Stephen Darwall, Paul Sheldon Davies, Wayne A. Davis, Timothy Joseph Day, Claudio de Almeida, Mario De Caro, Mario De Caro, John Deigh, C. F. Delaney, Daniel C. Dennett, Michael R. DePaul, Michael Detlefsen, Daniel Trent Devereux, Philip E. Devine, John M. Dillon, Martin C. Dillon, Robert DiSalle, Mary Domski, Alan Donagan, Paul Draper, Fred Dretske, Mircea Dumitru, Wilhelm Dupré, Gerald Dworkin, John Earman, Ellery Eells, Catherine Z. Elgin, Berent Enç, Ronald P. Endicott, Edward Erwin, John Etchemendy, C. Stephen Evans, Susan L. Feagin, Solomon Feferman, Richard Feldman, Arthur Fine, Maurice A. Finocchiaro, William FitzPatrick, Richard E. Flathman, Gvozden Flego, Richard Foley, Graeme Forbes, Rainer Forst, Malcolm R. Forster, Daniel Fouke, Patrick Francken, Samuel Freeman, Elizabeth Fricker, Miranda Fricker, Michael Friedman, Michael Fuerstein, Richard A. Fumerton, Alan Gabbey, Pieranna Garavaso, Daniel Garber, Jorge L. A. Garcia, Robert K. Garcia, Don Garrett, Philip Gasper, Gerald Gaus, Berys Gaut, Bernard Gert, Roger F. Gibson, Cody Gilmore, Carl Ginet, Alan H. Goldman, Alvin I. Goldman, Alfonso Gömez-Lobo, Lenn E. Goodman, Robert M. Gordon, Stefan Gosepath, Jorge J. E. Gracia, Daniel W. Graham, George A. Graham, Peter J. Graham, Richard E. Grandy, I. Grattan-Guinness, John Greco, Philip T. Grier, Nicholas Griffin, Nicholas Griffin, David A. Griffiths, Paul J. Griffiths, Stephen R. Grimm, Charles L. Griswold, Charles B. Guignon, Pete A. Y. Gunter, Dimitri Gutas, Gary Gutting, Paul Guyer, Kwame Gyekye, Oscar A. Haac, Raul Hakli, Raul Hakli, Michael Hallett, Edward C. Halper, Jean Hampton, R. James Hankinson, K. R. Hanley, Russell Hardin, Robert M. Harnish, William Harper, David Harrah, Kevin Hart, Ali Hasan, William Hasker, John Haugeland, Roger Hausheer, William Heald, Peter Heath, Richard Heck, John F. Heil, Vincent F. Hendricks, Stephen Hetherington, Francis Heylighen, Kathleen Marie Higgins, Risto Hilpinen, Harold T. Hodes, Joshua Hoffman, Alan Holland, Robert L. Holmes, Richard Holton, Brad W. Hooker, Terence E. Horgan, Tamara Horowitz, Paul Horwich, Vittorio Hösle, Paul Hoβfeld, Daniel Howard-Snyder, Frances Howard-Snyder, Anne Hudson, Deal W. Hudson, Carl A. Huffman, David L. Hull, Patricia Huntington, Thomas Hurka, Paul Hurley, Rosalind Hursthouse, Guillermo Hurtado, Ronald E. Hustwit, Sarah Hutton, Jonathan Jenkins Ichikawa, Harry A. Ide, David Ingram, Philip J. Ivanhoe, Alfred L. Ivry, Frank Jackson, Dale Jacquette, Joseph Jedwab, Richard Jeffrey, David Alan Johnson, Edward Johnson, Mark D. Jordan, Richard Joyce, Hwa Yol Jung, Robert Hillary Kane, Tomis Kapitan, Jacquelyn Ann K. Kegley, James A. Keller, Ralph Kennedy, Sergei Khoruzhii, Jaegwon Kim, Yersu Kim, Nathan L. King, Patricia Kitcher, Peter D. Klein, E. D. Klemke, Virginia Klenk, George L. Kline, Christian Klotz, Simo Knuuttila, Joseph J. Kockelmans, Konstantin Kolenda, Sebastian Tomasz Kołodziejczyk, Isaac Kramnick, Richard Kraut, Fred Kroon, Manfred Kuehn, Steven T. Kuhn, Henry E. Kyburg, John Lachs, Jennifer Lackey, Stephen E. Lahey, Andrea Lavazza, Thomas H. Leahey, Joo Heung Lee, Keith Lehrer, Dorothy Leland, Noah M. Lemos, Ernest LePore, Sarah-Jane Leslie, Isaac Levi, Andrew Levine, Alan E. Lewis, Daniel E. Little, Shu-hsien Liu, Shu-hsien Liu, Alan K. L. Chan, Brian Loar, Lawrence B. Lombard, John Longeway, Dominic McIver Lopes, Michael J. Loux, E. J. Lowe, Steven Luper, Eugene C. Luschei, William G. Lycan, David Lyons, David Macarthur, Danielle Macbeth, Scott MacDonald, Jacob L. Mackey, Louis H. Mackey, Penelope Mackie, Edward H. Madden, Penelope Maddy, G. B. Madison, Bernd Magnus, Pekka Mäkelä, Rudolf A. Makkreel, David Manley, William E. Mann (W.E.M.), Vladimir Marchenkov, Peter Markie, Jean-Pierre Marquis, Ausonio Marras, Mike W. Martin, A. P. Martinich, William L. McBride, David McCabe, Storrs McCall, Hugh J. McCann, Robert N. McCauley, John J. McDermott, Sarah McGrath, Ralph McInerny, Daniel J. McKaughan, Thomas McKay, Michael McKinsey, Brian P. McLaughlin, Ernan McMullin, Anthonie Meijers, Jack W. Meiland, William Jason Melanson, Alfred R. Mele, Joseph R. Mendola, Christopher Menzel, Michael J. Meyer, Christian B. Miller, David W. Miller, Peter Millican, Robert N. Minor, Phillip Mitsis, James A. Montmarquet, Michael S. Moore, Tim Moore, Benjamin Morison, Donald R. Morrison, Stephen J. Morse, Paul K. Moser, Alexander P. D. Mourelatos, Ian Mueller, James Bernard Murphy, Mark C. Murphy, Steven Nadler, Jan Narveson, Alan Nelson, Jerome Neu, Samuel Newlands, Kai Nielsen, Ilkka Niiniluoto, Carlos G. Noreña, Calvin G. Normore, David Fate Norton, Nikolaj Nottelmann, Donald Nute, David S. Oderberg, Steve Odin, Michael O’Rourke, Willard G. Oxtoby, Heinz Paetzold, George S. Pappas, Anthony J. Parel, Lydia Patton, R. P. Peerenboom, Francis Jeffry Pelletier, Adriaan T. Peperzak, Derk Pereboom, Jaroslav Peregrin, Glen Pettigrove, Philip Pettit, Edmund L. Pincoffs, Andrew Pinsent, Robert B. Pippin, Alvin Plantinga, Louis P. Pojman, Richard H. Popkin, John F. Post, Carl J. Posy, William J. Prior, Richard Purtill, Michael Quante, Philip L. Quinn, Philip L. Quinn, Elizabeth S. Radcliffe, Diana Raffman, Gerard Raulet, Stephen L. Read, Andrews Reath, Andrew Reisner, Nicholas Rescher, Henry S. Richardson, Robert C. Richardson, Thomas Ricketts, Wayne D. Riggs, Mark Roberts, Robert C. Roberts, Luke Robinson, Alexander Rosenberg, Gary Rosenkranz, Bernice Glatzer Rosenthal, Adina L. Roskies, William L. Rowe, T. M. Rudavsky, Michael Ruse, Bruce Russell, Lilly-Marlene Russow, Dan Ryder, R. M. Sainsbury, Joseph Salerno, Nathan Salmon, Wesley C. Salmon, Constantine Sandis, David H. Sanford, Marco Santambrogio, David Sapire, Ruth A. Saunders, Geoffrey Sayre-McCord, Charles Sayward, James P. Scanlan, Richard Schacht, Tamar Schapiro, Frederick F. Schmitt, Jerome B. Schneewind, Calvin O. Schrag, Alan D. Schrift, George F. Schumm, Jean-Loup Seban, David N. Sedley, Kenneth Seeskin, Krister Segerberg, Charlene Haddock Seigfried, Dennis M. Senchuk, James F. Sennett, William Lad Sessions, Stewart Shapiro, Tommie Shelby, Donald W. Sherburne, Christopher Shields, Roger A. Shiner, Sydney Shoemaker, Robert K. Shope, Kwong-loi Shun, Wilfried Sieg, A. John Simmons, Robert L. Simon, Marcus G. Singer, Georgette Sinkler, Walter Sinnott-Armstrong, Matti T. Sintonen, Lawrence Sklar, Brian Skyrms, Robert C. Sleigh, Michael Anthony Slote, Hans Sluga, Barry Smith, Michael Smith, Robin Smith, Robert Sokolowski, Robert C. Solomon, Marta Soniewicka, Philip Soper, Ernest Sosa, Nicholas Southwood, Paul Vincent Spade, T. L. S. Sprigge, Eric O. Springsted, George J. Stack, Rebecca Stangl, Jason Stanley, Florian Steinberger, Sören Stenlund, Christopher Stephens, James P. Sterba, Josef Stern, Matthias Steup, M. A. Stewart, Leopold Stubenberg, Edith Dudley Sulla, Frederick Suppe, Jere Paul Surber, David George Sussman, Sigrún Svavarsdóttir, Zeno G. Swijtink, Richard Swinburne, Charles C. Taliaferro, Robert B. Talisse, John Tasioulas, Paul Teller, Larry S. Temkin, Mark Textor, H. S. Thayer, Peter Thielke, Alan Thomas, Amie L. Thomasson, Katherine Thomson-Jones, Joshua C. Thurow, Vzalerie Tiberius, Terrence N. Tice, Paul Tidman, Mark C. Timmons, William Tolhurst, James E. Tomberlin, Rosemarie Tong, Lawrence Torcello, Kelly Trogdon, J. D. Trout, Robert E. Tully, Raimo Tuomela, John Turri, Martin M. Tweedale, Thomas Uebel, Jennifer Uleman, James Van Cleve, Harry van der Linden, Peter van Inwagen, Bryan W. Van Norden, René van Woudenberg, Donald Phillip Verene, Samantha Vice, Thomas Vinci, Donald Wayne Viney, Barbara Von Eckardt, Peter B. M. Vranas, Steven J. Wagner, William J. Wainwright, Paul E. Walker, Robert E. Wall, Craig Walton, Douglas Walton, Eric Watkins, Richard A. Watson, Michael V. Wedin, Rudolph H. Weingartner, Paul Weirich, Paul J. Weithman, Carl Wellman, Howard Wettstein, Samuel C. Wheeler, Stephen A. White, Jennifer Whiting, Edward R. Wierenga, Michael Williams, Fred Wilson, W. Kent Wilson, Kenneth P. Winkler, John F. Wippel, Jan Woleński, Allan B. Wolter, Nicholas P. Wolterstorff, Rega Wood, W. Jay Wood, Paul Woodruff, Alison Wylie, Gideon Yaffe, Takashi Yagisawa, Yutaka Yamamoto, Keith E. Yandell, Xiaomei Yang, Dean Zimmerman, Günter Zoller, Catherine Zuckert, Michael Zuckert, Jack A. Zupko (J.A.Z.)
- Edited by Robert Audi, University of Notre Dame, Indiana
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- Book:
- The Cambridge Dictionary of Philosophy
- Published online:
- 05 August 2015
- Print publication:
- 27 April 2015, pp ix-xxx
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6 - National Central Banks in a Multinational System
- Edited by Pierre L. Siklos, Wilfrid Laurier University, Ontario, Martin T. Bohl, Westfälische Wilhelms-Universität Münster, Germany, Mark E. Wohar, University of Nebraska, Omaha
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- Book:
- Challenges in Central Banking
- Published online:
- 06 December 2010
- Print publication:
- 12 April 2010, pp 146-178
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Summary
Abstract
The two core functions of central banks are monetary stability and financial stability. We explore in turn what is meant by each of these concepts, and consider the effects of internationalization on them. The internationalization of commercial banking, although in many ways capable of being handled by national central banks, does create for them a problem which by its nature is one they cannot, and never will, solve. In the European Union we can expect that this experience might ultimately lead to the development of a new transnational body or the assigning of powers to an existing institution such as the European System of Central Banks (ESCB). Outside the European Union, the solution is less obvious.
Introduction
Central banks, with one important exception, remain national, but commercial banking has become increasingly international. The aim of this chapter is to explore the problems this creates for central banks. To do so we first consider the functions of central banks to better understand which of their functions may be impeded by the internationalization of commercial banking. In summary, their two core functions are monetary stability and financial stability. We explore in turn what is meant by each of these concepts, and consider the effects on them of internationalization. That discussion prepares the way for examination of what can be done, and, perhaps, what should be done, to deal with how internationalization of commercial banking affects or impedes the carrying out of these central bank tasks.
The End of Globalization: Lessons from the Great Depression. By Harold James. Cambridge, Mass.: Harvard University Press, 2001. vi + 260 pp. Index, notes, figures, tables. Cloth, $39.95. ISBN 0-674-00474-4.
- Geoffrey E. Wood
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- Journal:
- Business History Review / Volume 77 / Issue 2 / Summer 2003
- Published online by Cambridge University Press:
- 13 December 2011, pp. 347-350
- Print publication:
- Summer 2003
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10 - Stability and forward-looking behavior: the demand for broad money in the United Kingdom, 1871–1913
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- By Mark P. Taylor, University of Liverpool, Geoffrey E. Wood, City University London
- Edited by Tamim Bayoumi, International Monetary Fund Institute, Washington DC, Barry Eichengreen, University of California, Berkeley, Mark P. Taylor, University of Liverpool
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- Book:
- Modern Perspectives on the Gold Standard
- Published online:
- 05 November 2011
- Print publication:
- 16 January 1997, pp 284-306
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Summary
Introduction
The demand for money in the United Kingdom during the heyday of the international gold standard, 1870–1913, has been studied quite intensively. Some studies (notably Friedman and Schwartz, 1982; Bordo and Jonung, 1987; Hendry and Ericsson, 1991) have examined a whole century of data from 1870, while others (Mills and Wood, 1978; Capie and Rodrik-Bali, 1985), have concentrated on the gold standard years. In this chapter we follow the latter group of authors; for, despite extensive study, there remain important unresolved questions about money demand in this period. In particular, although there is broad similarity among long-run estimates, estimated short-run demand functions appear to differ significantly. One of the aims of this chapter is to estimate more precisely than before the shortrun function by applying recent econometric techniques to the best currently available data. We also test a forward-looking model of money demand on this data, which goes some way towards explaining the form of the short-run dynamics.
We address these issues by application of a number of recently developed econometric techniques. In particular, we apply the Johansen (1988) method of estimating cointegrating vectors (Engle and Granger, 1987) to estimate the parameters of a long-run UK money demand function for the gold standard period, and to test economic hypotheses such as long-run price and income homogeneity in money demand.
9 - Money demand and supply under the gold standard: the United Kingdom, 1870–1914
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- By Forrest H. Capie, City University Business School, Geoffrey E. Wood, City University London
- Edited by Tamim Bayoumi, International Monetary Fund Institute, Washington DC, Barry Eichengreen, University of California, Berkeley, Mark P. Taylor, University of Liverpool
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- Book:
- Modern Perspectives on the Gold Standard
- Published online:
- 05 November 2011
- Print publication:
- 16 January 1997, pp 261-283
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Summary
Introduction
This chapter is concerned with the behavior and determination of money demand and money supply in a particular monetary regime, the gold standard, and in a particular country, the United Kingdom. Restriction to one country plainly raises concern over how representative of the regime the results we set out may be. Although such concern is inevitable, it should not be overdone. This is partly because restriction to one country is to an extent forced on us by the data – for the United Kingdom has for this period higher-quality, more consistent and complete, data than exist for other countries under gold standard regimes. But there are more and better reasons than that for accepting the results as representative. First, they are completely unsurprising; they are as theory would lead one to expect. Second, they are from a period of comparative economic tranquillity in the United Kingdom; there is thus little chance that the results are dominated by some extraordinary, important but unique, event. There is every reason to think that the findings are what should be expected qualitatively (and quantitatively in one important respect, homogeneity of money demand with respect to the price level) in every other gold standard country.
Nonetheless, there are some institutional features which are important, and should be set out before the detailed findings are examined.
9 - Money, interest rates and the Great Depression: Britain from 1870 to 1913
- Edited by James Foreman-Peck
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- Book:
- New Perspectives on the Late Victorian Economy
- Published online:
- 15 March 2010
- Print publication:
- 21 March 1991, pp 251-284
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Summary
Introduction
In this chapter we examine the impact of changes in the quantity of money on aggregate economic variables in Britain over the years 1870 to 1913. This subject has been examined by two of the present authors (Capie and Wood 1984) but the statistical techniques used were fairly rudimentary, and the analytical framework within which hypotheses were tested was set out rather sparsely. This chapter sets out to remedy these deficiencies. Its structure is as follows. Section 9.1 outlines the historical background of the period; it gives an account of what is currently the conventional view of macroeconomic developments in this era. Section 9.2 sets out the analytical framework we use to organise the empirical work. This analytical framework is the traditional model of the impact of money on real and nominal interest rates. This framework has two advantages for the present purpose. It provides a most detailed account of the effect of money on key macroeconomic variables, and, secondly, it lets us consider various explanations of the Gibson Paradox, a phenomenon which, although certainly noted and discussed before this period, was named and came to prominence as a result of examination of data from the years examined in this volume. The data themselves are then described. This prepares the way for the statistical work. The chapter then concludes with a discussion of the results of that work, focusing first on the Gibson Paradox and then on how the results contribute to an understanding of the role of money in Britain in the late nineteenth and early twentieth centuries.