Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
British Monetary Policy and the Balance of Payments, 1951-1957

British Monetary Policy and the Balance of Payments, 1951-1957

Kenen, Peter B.

Hardcover

Series: Harvard Economic Studies, Book 116

EconomicsInvesting & FinanceBritish History

ISBN10: 0674082753
ISBN13: 9780674082755
Publisher: Harvard Univ Pr
Published: Jan 1 1960
Pages: 384
Weight: 1.19
Height: 0.99 Width: 5.92 Depth: 8.60
Language: English
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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