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The Bank of England

The Bank of England : 1950s to 1979. F.カピー著 イングランド銀行-1950年代から1979年まで

・ISBN 978-0-521-19282-8 2010 hard GB£ 158.00

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・ISBN 978-1-107-62169-5 2012 paper GB£ 50.00

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電子版あり 大学・学術機関向け電子ブック(eBook)ISBN 978-0-511-76147-8

著者・編者Capie, Forrest,
シリーズStudies in Macroeconomic History
出版社(Cambridge U. Pr., US)
ページ数xxviii, 890 pp.
言語ENG
ニュース番号<1 575-481>

解説

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.