Jump to ContentJump to Main Navigation
Financial Elites and European BankingHistorical Perspectives$
Users without a subscription are not able to see the full content.

Youssef Cassis and Giuseppe Telesca

Print publication date: 2018

Print ISBN-13: 9780198782797

Published to Oxford Scholarship Online: September 2018

DOI: 10.1093/oso/9780198782797.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 09 April 2020

Central Bankers in Twelve Countries between 1950 and 2000

Central Bankers in Twelve Countries between 1950 and 2000

The Making of a Global Elite

Chapter:
(p.182) 8 Central Bankers in Twelve Countries between 1950 and 2000
Source:
Financial Elites and European Banking
Author(s):

Mikael Wendschlag

Publisher:
Oxford University Press
DOI:10.1093/oso/9780198782797.003.0009

This chapter studies the professional, political, and academic ‘human capital endowment’ of the central bank governors in office between 1950 and 2000 in twelve OECD countries. Although many national differences are observed, four more general shifts in central bank governor ‘types’ have been identified: (1) the civil servant central banker of the economic ‘golden age’ of the 1950s and 1960s; (2), the central bank politicians of the 1970s; (3) the market-oriented governors of the 1980s; and (4), the academic central banker from the 1990s onward. During the period studied, it is also possible to track the development of an international elite of central bankers, sharing similar backgrounds (academically and professionally) and views on monetary policy. A key observation is that ‘what makes for a credible central banker’ has changed over time, and especially following events such as economic recessions or financial crises.

Keywords:   central bankers, competence, financial elites, monetary policy, twentieth century

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .