Share
The Bank of England and the Government Debt: Operations in the Gilt-Edged Market, 1928–1972 (Studies in Macroeconomic History) (in English)
William A. Allen (Author)
·
Cambridge University Press
· Paperback
The Bank of England and the Government Debt: Operations in the Gilt-Edged Market, 1928–1972 (Studies in Macroeconomic History) (in English) - William A. Allen
$ 44.73
$ 49.99
You save: $ 5.26
Choose the list to add your product or create one New List
✓ Product added successfully to the Wishlist.
Go to My WishlistsIt will be shipped from our warehouse between
Thursday, August 01 and
Friday, August 02.
You will receive it anywhere in United States between 1 and 3 business days after shipment.
Synopsis "The Bank of England and the Government Debt: Operations in the Gilt-Edged Market, 1928–1972 (Studies in Macroeconomic History) (in English)"
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.
- 0% (0)
- 0% (0)
- 0% (0)
- 0% (0)
- 0% (0)
All books in our catalog are Original.
The book is written in English.
The binding of this edition is Paperback.
✓ Producto agregado correctamente al carro, Ir a Pagar.
