Description
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 ‘reserve base’ or ‘monetary base’ 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 Government’s 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.
Table of Contents
Preface; 1. Introduction 2. Techniques of Monetary Control 3. Techniques of Monetary Control II: Portfolio Constraints and the Reserve Base System 4. Techniques of Control III 5. The New Approach 6. The History of Competition and Credit Control 7. Competition and Credit Control: An Analysis 8. The New ‘New Approach’ 9. The Labour Government’s Monetary Policy 10. Plus Ça Change?; Bibliography; Index
