Contrasting views on Old Lady's role in crisis

Charles Goodhart and William Buiter, both former monetary policy committee members at the Bank of England and both now professors at the London School of Economics (LSE), had sharply differing opinions on how the Bank should have handled the recent market turmoil.

Speaking on Monday at the London Financial Regulation Seminar, an event organised by the Financial Markets Group, a research group based at the LSE, Central Bank News heard Goodhart defend the Bank's more disciplined stance: "Banks