Author: R. S. Sayers Publisher: Cambridge University Press ISBN: 9780521310222 Category : History Languages : en Pages : 680
Book Description
Professor Sayers' magisterial three-volume history of the Bank of England in the first half of the twentieth-century was first published as a three-volume set in 1976. The text volumes, 1 and 2, are available in paperback as a single volume, which tells how the Bank responded to the needs of two world wars and to the political and economic stresses at home and internationally.
Author: Barry Eichengreen Publisher: Cambridge University Press ISBN: 1009367587 Category : Business & Economics Languages : en Pages : 443
Book Description
Central banks were not always as ubiquitous as they are today. Their functions were circumscribed, their mandates ambiguous, and their allegiances once divided. The inter-war period saw the establishment of twenty-eight new central banks – most in what are now called emerging markets and developing economies. The Emergence of the Modern Central Bank and Global Cooperation provides a new account of their experience, explaining how these new institutions were established and how doctrinal knowledge was transferred. Combining synthetic analysis with national case studies, this book shows how institutional design and monetary practice were shaped by international organizations and leading central banks, which attached conditions to stabilization loans and dispatched 'money doctors.' It highlights how many of these arrangements fell through when central bank independence and the gold standard collapsed.