The Bank of England

1950s to 1979

Business & Finance, Economics, Macroeconomics
Cover of the book The Bank of England by Forrest Capie, Cambridge University Press
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Author: Forrest Capie ISBN: 9781139063074
Publisher: Cambridge University Press Publication: July 20, 2010
Imprint: Cambridge University Press Language: English
Author: Forrest Capie
ISBN: 9781139063074
Publisher: Cambridge University Press
Publication: July 20, 2010
Imprint: Cambridge University Press
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

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