Professor Charles Goodhart argues that "all financial regulation is inherently procyclical". In this keynote address, he outlines how best to diagnose and deal with the "syndrome" of procyclicality.For download and transcript versions of this lecture, please visit the full conference's page on the Gresham College website: Into the Folly of Value: Reforming Sustainable Finance."
Professor Charles Goodhart
Charles Goodhart, CBE, FBA is Emeritus Professor of Banking and Finance with the Financial Markets Group at the London School of Economics, having previously, 1987-2005, been its Deputy Director. Until his retirement in 2002, he had been the Norman Sosnow Professor of Banking and Finance at LSE since 1985. Before then, he had worked at the Bank of England for seventeen years as a monetary adviser, becoming a Chief Adviser in 1980. In 1997 he was appointed one of the outside independent members of the Bank of England's new Monetary Policy Committee until May 2000. Earlier he had taught at Cambridge and LSE. Besides numerous articles, he has written a couple of books on monetary history.