The Bank of England

1950s to 1979

By:

Forrest Capie

Format:

Hardback

Series:

Studies in Macroeconomic History

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Description

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.

Author Biography:

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

Release date Australia

July 20th, 2010

Author

Forrest Capie

Audience

Professional & Vocational

Illustrations

38 Tables, unspecified; 23 Halftones, unspecified; 30 Line drawings, unspecified

Pages

920

Series

Studies in Macroeconomic History

Dimensions

165x235x55

ISBN-13

9780521192828

Product ID

6706420

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