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The Bank of England and the Government Debt : Operations in the Gilt-Edged Market, 1928 - 1972. イングランド銀行と政府の債務 -一流証券市場における事業 1928~72年-
・ISBN 978-1-108-49983-5 hard GB£ 109.00
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・ISBN 978-1-108-46952-4 paper GB£ 38.00
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納品価格につきましては書籍の入荷時点で確定となります。
版元の原価改定、外国為替の変動等により異なる場合がございますので、予めご了承下さい。
お気に入り
★★★
電子版あり 大学・学術機関向け電子ブック(eBook)ISBN 978-1-108-60583-0
| 著者・編者 | Allen, William A., |
|---|---|
| シリーズ | Studies in Macroeconomic History |
| 出版社 | (Cambridge U. Pr., UK) |
| 出版年月 | 2019 |
| ページ数 | 284 pp. |
| 言語 | ENG |
| ニュース番号 | <647-816 647-P1624> |
解説
The Bank of England and the Government Debt recounts the surprising history of the Bank of England's activities in the government securities market in the mid-twentieth century. The Bank's governor, Montagu Norman, had a decisive influence on government debt management policy until he retired in 1944, and established an auxiliary market in government securities outside the Stock Exchange during the Second World War. From the early 1950s, the Bank, concerned about inadequate market liquidity, became an increasingly active market-maker in government securities, rescuing the commercial market-makers in the Stock Exchange several times. The Bank's market-making activities often conflicted with its monetary policy objectives, and in 1971, it curtailed them substantially, while avoiding the damaging effects on liquidity in the government securities market that it had feared. Drawing heavily on archival research, William A. Allen sheds light on little-known aspects of central banking and monetary policy.