This book is a study of power. In particular, it is a study of
governmental power in Britain and France. Its focus is the changing
relationship between the government and the central bank in the two
countries, and it examines the politics of this relationship since
the time when the Bank of England and the Bank of France were first
created.
The book begins by considering the issue of governmental control
generally. It then focuses on monetary policy making, and asks what
has been the role of governments in this area and what freedom have
central banks enjoyed? After a detailed historical analysis of this
issue in Britain and France, the authors conclude by considering
the likely role of the European Central Bank.
General
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