The Bank of England : 1950s to 1979 / Forrest Capie, Cass Business School, UK.

Format:

Book

Author/Creator:

Capie, Forrest, author.

Series:

Studies in macroeconomic history.

Studies in macroeconomic history

Language:

English

Subjects (All):

Bank of England--History.

Bank of England.

Banks and banking, Central--Great Britain--History.

Banks and banking, Central.

Physical Description:

1 online resource (xxvii, 890 pages) : digital, PDF file(s).

Place of Publication:

Cambridge : Cambridge University Press, 2010.

Language Note:

English

Summary:

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 characterised 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.

Contents:

The Bank in the 1950s

The monetary setting and the Bank

The Bank's external responsibilities to 1964

From crisis to 'crucifixion'

Domestic monetary policy after Radcliffe

Other activities and performance

Sterling from devaluation to Smithsonian

The road to competition and credit control

Competition and credit control

The secondary banking crisis

Banking supervision

Monetary targets and monetary control

The Bank and sterling in the 1970s

The Bank's freedom to operate.

Notes:

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Includes bibliographical references (p. 835-852) and index.

ISBN:

1-107-20442-9

1-139-06307-3

1-283-11233-7

9786613112330

1-139-07531-4

1-139-07757-0

1-139-07986-7

1-139-08213-2

1-139-06954-3

0-511-76147-3