Intended as a successor to Monetary Policy and Credit Control (Croom Helm, 1978; Routledge Revivals, 2013), this book, first published in 1982 with a revised edition in 1984, traces the changes in approach to monetary control in the U.K. throughout the 1970s, and the consequences for policy and the British economy. The book considers the widely-publicised proposals for areserve basea or amonetary basea control of the financial system, including a critique of the 1980 Bank of England Green Paper. David Gowland concludes with an analysis of the 1979 Conservative Governmentas monetary policy. This is a very interesting title, of great relevance to students and academics researching recent British economic history and varying governmental approaches to monetary policy.In amore complex case (e.g. the UK overdraft system) thebank may agree to credit athird party at the request ofthe ... On the other handthe government can automatically borrow from bankstofinance itsspending without any transaction ... The government needstopay someone, e.g. a student grant or a teacherAls salary.
|Title||:||Controlling the Money Supply (Routledge Revivals)|
|Author||:||David H. Gowland|
|Publisher||:||Routledge - 2013-10-08|