Items related to The Bank of England: 1950s to 1979 (Studies in Macroeconomic...

The Bank of England: 1950s to 1979 (Studies in Macroeconomic History) - Softcover

Book 25 of 49: Studies in Macroeconomic History

Capie, Forrest

 
9781107621695: The Bank of England: 1950s to 1979 (Studies in Macroeconomic History)
Softcover
ISBN 10: 1107621690 ISBN 13: 9781107621695
Publisher: Cambridge University Press, 2012

Synopsis

This history of the Bank of England takes its story from the 1950s to the end of the 1970s. This period probably saw the peak of the Bank’s influence and prestige, as it dominated the financial landscape. One of the Bank’s central functions was to manage the exchange rate. It was also responsible for administering all the controls that made up monetary policy. In the first part of the period, the Bank did all this with a remarkable degree of freedom. But economic policy was a failure, and sluggish output, banking instability, and rampant inflation characterized the 1970s. The pegged exchange rate was discontinued, and the Bank’s freedom of movement was severely constrained, as new approaches to policy were devised and implemented. The Bank lost much of its freedom of movement but also took on more formal supervision.

"synopsis" may belong to another edition of this title.

About the Author

Forrest Capie is Professor Emeritus of Economic History at the Cass Business School, City University of London.

"About this title" may belong to another edition of this title.

Publisher
Cambridge University Press
Publication date
2012
Language
English
ISBN 10 
1107621690
ISBN 13 
9781107621695
Binding
Paperback
Number of pages
920