The super-alertness of central banks

Nicolás Cachanosky; Alexander W. Salter

doi:10.1007/s11138-019-00436-1

The super-alertness of central banks

Nicolás Cachanosky, Alexander W. Salter

Business Administration

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1 Scopus citations

Abstract

This paper applies Kirzner’s theory of entrepreneurial alertness to central banking. As opposed to entrepreneurs operating within the market, central banks can operate outside the market by defining its structure and regulations. We label as “super-alertness” the particular type of Kirznerian alertness that central banks are required to have to successfully achieve stable monetary equilibrium.

Original language	English
Pages (from-to)	187-200
Number of pages	14
Journal	Review of Austrian Economics
Volume	33
Issue number	1-2
DOIs	https://doi.org/10.1007/s11138-019-00436-1
State	Published - Mar 1 2020

Keywords

Alertness
Central banking
Free banking
Monetary equilibrium
Super-alertness

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10.1007/s11138-019-00436-1

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The super-alertness of central banks

Abstract

Keywords

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