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A Critique of Monetary Policy

Theory and British Experience

Paperback Engels 1990 9780198283195
€ 65,34
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Samenvatting

In this book, Dow and Saville expound a theory of monetary policy, and examine how it has worked in the UK. Writing from personal experience of working in a central bank, they analyse the behaviour of the banking system and the difficulties of central bank control. In a clearly written account they explain the changes that are taking place in monetary policy, and challenge some of the accepted wisdoms of our time.

Specificaties

ISBN13:9780198283195
Taal:Engels
Bindwijze:Paperback
Aantal pagina's:286
Thema:
1DDU Verenigd Koninkrijk, Groot-Brittannië

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Inhoudsopgave

Introduction; Part I: The Behaviour of the Financial System; The Macroeconomic Behaviour of the Banking System; The Behaviour of Interest Rates: the Theoretical Background; The Behaviour of Interest Rates Continued; The Behaviour of Exchange Rates; Government Transactions, Money, and Interest Rates; Part II: Monetary Control and the Course of the Aggregates: UK Monetary Policy since 1971; Central-bank Rate as an Instrument of Monetary Control; Monetary Base Control; The Corset, Overfunding, and Banking Supervision; Monetary Growth since the mid-1960s; Part III: Conclusions: The Limitations and Role of Monetary Policy; Monetary Policy Without Monetary Targets; Bibliography; Index

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          A Critique of Monetary Policy