The Bank of England : 1950s to 1979 /

The Bank of England : 1950s to 1979 /

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Bibliographic Details
Author / Creator:	Capie, Forrest.
Imprint:	Cambridge ; New York : Cambridge University Press, 2010.
Description:	1 online resource (xxviii, 890 pages) : illustrations
Language:	English
Series:	Studies in macroeconomic history Studies in macroeconomic history.
Subject:	Bank of England -- History. Bank of England. Banks and banking, Central -- Great Britain -- History. Banks and banking, Central. Great Britain. History.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/11827282

Hidden Bibliographic Details
ISBN:	9781139077576 1139077570 9780511761478 0511761473 9781107621695 1107621690 9780521192828 052119282X
Notes:	Includes bibliographical references (pages 835-852) and index. Print version record.
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 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"--
Other form:	Print version: Capie, Forrest. Bank of England. New York : Cambridge University Press, 2010 9780521192828

Table of 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.