British Monetary Policy and the Balance of Payments, 1951–1957
Book Details
Format
Hardback or Cased Book
Book Series
Harvard Economic Studies
ISBN-10
0674082753
ISBN-13
9780674082755
Publisher
Harvard University Press
Imprint
Harvard University Press
Country of Manufacture
US
Country of Publication
GB
Publication Date
Jan 1st, 1960
Print length
384 Pages
Weight
544 grams
Product Classification:
Business & management
Ksh 6,100.00
Publisher Out of Stock
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Quality
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A detailed study of the revolution in Bank of England policy resulting from the government’s response to the 1954–55 balance-of-payments crisis, this is a first independent analysis. The author investigates the evolution of official thinking and appraises the impact of monetary policy in this crucial period. Peter Kenen reaches the unexpected conclusion that the Bank’s orthodox monetary policies played a relatively small part in the redress of payments disequilibrium, and that its most effective weapons were its most heterodox. Finally, he proposes ways in which the Bank of England can better control the credit base.
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