| British Monetary Policy and the Balance of Payments, 1951-1957 Contributor(s): Kenen, Peter B. (Author) |
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ISBN: 0674082753 ISBN-13: 9780674082755 Publisher: Harvard University Press OUR PRICE: $39.60 Product Type: Hardcover Published: January 1960 Annotation: A detailed study, this is the first comprehensive, independent analysis of the revolution in Bank of England policy resulting from the government's response to the 1954-1955 balance-of-payments crises. Mr. Kenen traces the evolution of monetary policy from its revival in 1951 through its application against foreign-exchange problems in 1957. |
| Additional Information |
| BISAC Categories: - Business & Economics | Economic History - Business & Economics | Foreign Exchange - History | Europe - Great Britain - General |
| Dewey: 330.09 |
| LCCN: 60011556 |
| Series: Harvard Economic Studies |
| Physical Information: 0.99" H x 5.92" W x 8.6" (1.19 lbs) 384 pages |
| Themes: - Chronological Period - 1950's |
| Descriptions, Reviews, Etc. |
| Publisher Description: 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. |