A Critique of Monetary Policy

Theory and British Experience

J. C. R. Dow, I. D. Saville (Autoren)

Buch | Softcover

286 Seiten

1990
Clarendon Press (Verlag)
978-0-19-828319-5 (ISBN)

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In this book, the authors expound a theory of monetary policy, and examine how it has worked in the UK. They analyse the behaviour of the banking system and the difficulties of central bank control. In a clearly written account they explain the changes taking place in monetary policy.

This book is both a theory of monetary policy, and an examination of how it has worked in the UK. It first analyses the behaviour of the banking system, and then the difficulties of central bank control. The authors argue that money creation is an endogenous process, determined partly by the price level, and not the other way round.

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

Erscheint lt. Verlag	24.5.1990
Reihe/Serie	Clarendon Paperbacks
Zusatzinfo	line figures, tables
Verlagsort	Oxford
Sprache	englisch
Maße	153 x 231 mm
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
	Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
ISBN-10	0-19-828319-9 / 0198283199
ISBN-13	978-0-19-828319-5 / 9780198283195
Zustand	Neuware