Skip to content
Register Sign in Wishlist

Central Banking in the Twentieth Century


  • Date Published: November 2010
  • availability: Available
  • format: Hardback
  • isbn: 9780521899093

£ 89.99

Add to cart Add to wishlist

Other available formats:

Looking for an inspection copy?

This title is not currently available on inspection

Product filter button
About the Authors
  • Central banks are powerful but poorly understood organisations. In 1900 the Bank of Japan was the only central bank to exist outside Europe but over the past century central banking has proliferated. John Singleton here explains how central banks and the profession of central banking have evolved and spread across the globe during this period. He shows that the central banking world has experienced two revolutions in thinking and practice, the first after the depression of the early 1930s, and the second in response to the high inflation of the 1970s and 1980s. In addition, the central banking profession has changed radically. In 1900 the professional central banker was a specialised type of banker, whereas today he or she must also be a sophisticated economist and a public official. Understanding these changes is essential to explaining the role of central banks during the recent global financial crisis.

    • Covers a broad range of countries, including developing and smaller developed countries
    • Provides an insight into the often misunderstood activities of central banks during their development since 1900
    • Demonstrates how financial crises have shaped the central banking world, and continue to do so
    Read more

    Reviews & endorsements

    'A worldwide journey into the policies and politics of central banks in the twentieth century. Clear, informed and wide ranging, Singleton's book is an essential historical reflection on this highly topical issue.' Youssef Cassis, University of Geneva and Visiting Research Fellow in the Business History Unit, London School of Economics

    'This book provides a very useful examination of the twentieth-century history of central banking. At present, central banks are in the spotlight of culprits to blame for the recent financial crisis. A book like this puts the present re-evaluation of central banking's role in the post-crisis environment in a balanced historical perspective.' Michael Bordo, Rutgers University

    'In a different and most welcome approach to the subject, John Singleton has provided a grand sweep across the world of central banking in the twentieth century. He shows how personalities and events contrived to effect two revolutions in that world.' Forrest Capie, official historian of the Bank of England

    See more reviews

    Customer reviews

    Not yet reviewed

    Be the first to review

    Review was not posted due to profanity


    , create a review

    (If you're not , sign out)

    Please enter the right captcha value
    Please enter a star rating.
    Your review must be a minimum of 12 words.

    How do you rate this item?


    Product details

    • Date Published: November 2010
    • format: Hardback
    • isbn: 9780521899093
    • length: 350 pages
    • dimensions: 234 x 159 x 21 mm
    • weight: 0.69kg
    • contains: 1 b/w illus. 3 tables
    • availability: Available
  • Table of Contents

    1. A beginner's guide to central banking
    2. Very boring guys?
    3. Wind in the willows: the small world of central banking c.1900
    4. Something for everyone: new central banks, 1900–39
    5. A series of disasters: central banking, 1914–39
    6. The mysteries of central bank cooperation
    7. The first central banking revolution
    8. No time for cosmic thinkers: central banking in the 'Keynesian' era
    9. Rekindling central bank cooperation in the Bretton Woods era
    10. The goose that lays the golden egg: central banking in developing countries
    11. The horse of inflation
    12. The second central banking revolution: independence and accountability
    13. Reputations at stake: financial deregulation and instability
    14. Inflation targeting: the Holy Grail?
    15. The long march to European monetary integration
    16. A world with half a million central bankers.

  • Author

    John Singleton, Sheffield Hallam University
    John Singleton is Reader in Economic History at Victoria University of Wellington. His previous publications include Innovation and Independence: The Reserve Bank of New Zealand, 1973–2002 (2006).

Sign In

Please sign in to access your account


Not already registered? Create an account now. ×

Sorry, this resource is locked

Please register or sign in to request access. If you are having problems accessing these resources please email

Register Sign in
Please note that this file is password protected. You will be asked to input your password on the next screen.

» Proceed

You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner Please see the permission section of the catalogue page for details of the print & copy limits on our eBooks.

Continue ×

Continue ×

Continue ×

Find content that relates to you

Join us online

This site uses cookies to improve your experience. Read more Close

Are you sure you want to delete your account?

This cannot be undone.


Thank you for your feedback which will help us improve our service.

If you requested a response, we will make sure to get back to you shortly.

Please fill in the required fields in your feedback submission.