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Books > Business & Economics > Economics > Macroeconomics
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Making a Modern Central Bank - The Bank of England 1979-2003 (Paperback)
Loot Price: R1,070
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Making a Modern Central Bank - The Bank of England 1979-2003 (Paperback)
Series: Studies in Macroeconomic History
Expected to ship within 12 - 17 working days
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Making a Modern Central Bank examines a revolution in monetary and
economic policy. This authoritative guide explores how the Bank of
England shifted its traditional mechanisms to accommodate a newly
internationalized financial and economic system. The Bank's
transformation into a modern inflation-targeting independent
central bank allowed it to focus on a precisely defined task of
monetary management, ensuring price stability. The reframing of the
task of central banks, however, left them increasingly vulnerable
to financial crisis. James vividly outlines and discusses
significant historical developments in UK monetary policy, and his
knowledge of modern European history adds rich context to archival
research on the Bank of England's internal documents. A worthy
continuation of the previous official histories of the Bank of
England, this book also reckons with contemporary issues, shedding
light on the origins of growing backlash against globalization and
the European Union.
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