Two future paths for central banking


“Halfway up the stairs
Isn’t up,
And it isn’t down.
It isn’t in the nursery,
It isn’t in the town.”
AA Milne, Halfway Down (1924)

It is the 25th anniversary of Central Banking. So it is a good time to be asking some big questions of central banking. How have central banks evolved over the last quarter of a century? How has the crisis affected that evolution? And what lies in prospect for them over the next 25 years?

AA Milne’s 1924 poem, Halfway Down, is a fitting description of the position central

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: