This book analyzes the operations of the Bank of England in the gilt-edged market during the mid-twentieth century. Drawing heavily on the archives and daily ledgers of the Bank of England, William A. Allen presents a specialized and revealing study of the practice and governance of British monetary policy.
This book analyzes the operations of the Bank of England in the gilt-edged market during the mid-twentieth century. Drawing heavily on the archives and daily ledgers of the Bank of England, William A. Allen presents a specialized and revealing study of the practice and governance of British monetary policy.
William A. Allen is a Visitor at the National Institute of Economic and Social Research. He worked at the Bank of England from 1972 to 2004, serving as a senior official in the Gild-Edged Division from 1982 to 1986.
Inhaltsangabe
1. Introduction; 2. Price and quantity discovery, market making and liquidity in the gilt market; 3. Government securities and the structure of the Stock Exchange; 4. Government debt management before 1928; 5. The gilt market and the Issue Department 1928 39; 6. Government debt management and the gilt market in the Second World War; 7. Post-War: 1945 51; 8. The gilt market from the reactivation of monetary policy until 1960; 9. Gilt market liquidity in the 1960s; 10. The high tide of intervention: 1960 66; 11. The conflict with monetary policy recognised and addressed: 1967 70; 12. Competition and credit control, 1970 72; 13. The Bank of England's contribution to market liquidity; 14. Governance in practice; 15. Conclusions; 16. Epilogue: bearing the cost of providing liquidity.
1. Introduction; 2. Price and quantity discovery, market making and liquidity in the gilt market; 3. Government securities and the structure of the Stock Exchange; 4. Government debt management before 1928; 5. The gilt market and the Issue Department 1928 39; 6. Government debt management and the gilt market in the Second World War; 7. Post-War: 1945 51; 8. The gilt market from the reactivation of monetary policy until 1960; 9. Gilt market liquidity in the 1960s; 10. The high tide of intervention: 1960 66; 11. The conflict with monetary policy recognised and addressed: 1967 70; 12. Competition and credit control, 1970 72; 13. The Bank of England's contribution to market liquidity; 14. Governance in practice; 15. Conclusions; 16. Epilogue: bearing the cost of providing liquidity.
Es gelten unsere Allgemeinen Geschäftsbedingungen: www.buecher.de/agb
Impressum
www.buecher.de ist ein Shop der buecher.de GmbH & Co. KG Bürgermeister-Wegele-Str. 12, 86167 Augsburg Amtsgericht Augsburg HRA 13309