The Bank of England

Erscheinungsjahr 2016
ISBN: 978-0-521-19282-8
Verlag: Cambridge University Press

Buch, Englisch, 920 Seiten, Format (B × H): 157 mm x 235 mm, Gewicht: 1616 g

Reihe: Studies in Macroeconomic History

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.

Autoren/Hrsg.

Capie, Forrest

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft
• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftsgeschichte
• Geisteswissenschaften Geschichtswissenschaft Geschichtliche Themen Wirtschaftsgeschichte

Inhaltsverzeichnis

1. Introduction and overview; 2. The Bank in the 1950s; 3. The monetary setting and the Bank; 4. The Bank's external responsibilities to 1964; 5. From crisis to 'crucifixion'; 6. Domestic monetary policy after Radcliffe; 7. Other activities and performance; 8. Sterling from devaluation to Smithsonian; 9. The road to competition and credit control; 10. Competition and credit control; 11. The secondary banking crisis; 12. Banking supervision; 13. Monetary targets and monetary control; 14. The Bank and sterling in the 1970s; 15. The Bank's freedom to operate; 16. Epilogue.

Über Autor(innen)

Capie, Forrest
Forrest Capie is Professor of Economic History at Cass Business School, City University, London, where he was Head of the Department of Banking and Finance. After receiving a Ph.D. at the London School of Economics, he taught at the universities of Warwick and Leeds. Professor Capie has also been a Visiting Professor at the University of Aix-Marseille and at the London School of Economics and a Visiting Scholar at the International Monetary Fund. He is an Academician of the Academy of Social Sciences. He was editor of the Economic History Review and served on the editorial boards of other journals in the discipline. He is on the Academic Advisory Council of the Institute of Economic Affairs. Professor Capie has authored, co-authored, or edited more than 20 books and has written more than 100 journal articles for journals such as the Economic Journal, Economica, the Journal of Money, Credit, and Banking, the Economic History Review, European Economic History, and British History.