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Books > History > World history > From 1900 > Postwar, from 1945
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The Banks and the Monetary System in the UK, 1959-1971 (Hardcover)
Loot Price: R4,269
Discovery Miles 42 690
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The Banks and the Monetary System in the UK, 1959-1971 (Hardcover)
Series: Economic History
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The annual Monetary Surveys published in the Midland Bank Review
have become an established and authoritative source of reference
for all students of money and banking and related topics, and for
those concerned with general economics and current affairs.
This superb volume brings together reprints of these Surveys with a
selection of special articles published in the Review since the
1959 Radcliffe Report on the working of the monetary system. In his
introduction the editor discusses in outline Britains financial
dilemma. The period covered is an interesting and exciting
one{emru}economic conditions in the UK were swinging from
achievement in the early 19605 to near calamity, and in the
international monetary field policy moved from convertibility for
current transactions through tighter restrictions and devaluation,
to the experiments of 1971.
The book is set out in four sections. The first section contains
articles dealing mainly with official activities in the management
of government debt, ofthe money supply, and of the banking system.
In the second section are five articles describing and analysing
Londons money market operations, and examining the swift growth of
non-bank financial intermediaries and the markets in which they are
active, including the Eurodollar market. These are followed by the
annual Monetary Surveys for the years 1959 to 1971, which tell the
story of the struggle to preserve the parity of sterling, the
devaluation of 1967, and the consequences for Britains position at
home and abroad; they also record developments in banking and the
first effects of the new methods of credit control. The final
section of appendices presents up-to-date statistics andcharts and
relevant documents illustrating the monetary and economic
background of the period covered. This excellent text was first
published in 1973.
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