Donald Kohn: a life in central banking

A hiking enthusiast recounts a story about how he and a fellow central banker struggled on a long and demanding climb.

Central bankers have a fondness for metaphors and analogies. William McChesney Martin, a former chairman of the Federal Reserve, talked of central banks' role of taking the punch bowl away just as the party gets going. Mervyn King, the governor of the Bank of England, once likened market interest rates to the five English footballers in the 1986 World Cup stupefied by Argentina'

To continue reading...

You must be signed in to use this feature.

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 indvidual account here: