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The Bank of England and the Government Debt
- Operations in the Gilt-Edged Market, 1928–1972
Engelsk Hardback
The Bank of England and the Government Debt
- Operations in the Gilt-Edged Market, 1928–1972
Engelsk Hardback

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Om denne bog
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.
Product detaljer
Sprog:
Engelsk
Sider:
274
ISBN-13:
9781108499835
Indbinding:
Hardback
Udgave:
ISBN-10:
110849983X
Kategori:
Udg. Dato:
3 jan 2019
Længde:
18mm
Bredde:
235mm
Højde:
161mm
Forlag:
Cambridge University Press
Oplagsdato:
3 jan 2019
Forfatter(e):
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