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The Bank of England and the Government Debt

The Bank of England and the Government Debt PDF Author: William A. Allen
Publisher: Cambridge University Press
ISBN: 9781108469524
Category : Business & Economics
Languages : en
Pages : 0

Book Description
The Bank of England and the Government Debt recounts the surprising history of the Bank of England's activities in the government securities market in the mid-twentieth century. The Bank's governor, Montagu Norman, had a decisive influence on government debt management policy until he retired in 1944, and established an auxiliary market in government securities outside the Stock Exchange during the Second World War. From the early 1950s, the Bank, concerned about inadequate market liquidity, became an increasingly active market-maker in government securities, rescuing the commercial market-makers in the Stock Exchange several times. The Bank's market-making activities often conflicted with its monetary policy objectives, and in 1971, it curtailed them substantially, while avoiding the damaging effects on liquidity in the government securities market that it had feared. Drawing heavily on archival research, William A. Allen sheds light on little-known aspects of central banking and monetary policy.

The Bank of England and the Government Debt

The Bank of England and the Government Debt PDF Author: William A. Allen
Publisher: Cambridge University Press
ISBN: 9781108469524
Category : Business & Economics
Languages : en
Pages : 0

Book Description
The Bank of England and the Government Debt recounts the surprising history of the Bank of England's activities in the government securities market in the mid-twentieth century. The Bank's governor, Montagu Norman, had a decisive influence on government debt management policy until he retired in 1944, and established an auxiliary market in government securities outside the Stock Exchange during the Second World War. From the early 1950s, the Bank, concerned about inadequate market liquidity, became an increasingly active market-maker in government securities, rescuing the commercial market-makers in the Stock Exchange several times. The Bank's market-making activities often conflicted with its monetary policy objectives, and in 1971, it curtailed them substantially, while avoiding the damaging effects on liquidity in the government securities market that it had feared. Drawing heavily on archival research, William A. Allen sheds light on little-known aspects of central banking and monetary policy.

The National Debt

The National Debt PDF Author: Eric L. Hargreaves
Publisher: Routledge
ISBN: 1136920773
Category : Business & Economics
Languages : en
Pages : 243

Book Description
First published in 1966. This book deals with the history of the National Debt as a continuous development extending Over very nearly two hundred and forty years, with the intention of considering the attitude of writers towards current financial problems rather than to discuss general financial theory.

English Public Finance from the Revolution of 1688

English Public Finance from the Revolution of 1688 PDF Author: Harvey Edward Fisk
Publisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 286

Book Description


Emancipating the Banking System and Developing Markets for Government Debt

Emancipating the Banking System and Developing Markets for Government Debt PDF Author: Maxwell Fry
Publisher: Routledge
ISBN: 1134730772
Category : Business & Economics
Languages : en
Pages : 295

Book Description
Monetary policy in developing countries is largely based on a system introduced in the 1960s. This book illustrates how this outdated system has led to financial repression and suggests some alternatives.

The national debt and paper currency; or, How to save the taxpayers seven millions a year

The national debt and paper currency; or, How to save the taxpayers seven millions a year PDF Author: Archibald Harper
Publisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 24

Book Description


The Bank of England note issue and its error, an address

The Bank of England note issue and its error, an address PDF Author: Ernest Seyd
Publisher:
ISBN:
Category :
Languages : en
Pages : 326

Book Description


Credit and Power

Credit and Power PDF Author: Simon Sherratt
Publisher: Routledge
ISBN: 1000214125
Category : Business & Economics
Languages : en
Pages : 229

Book Description
This book reveals the surprising role that credit, money created ex nihilo by financiers, played in raising the British government’s war loans between 1793 and 1815. Using often overlooked contemporary objections to the National Debt a startling paradox is revealed as it is shown how the government’s ostensible creditors had, in fact, very little "real" money to lend and were instead often reliant for their own solvency upon the very government they were lending to. By following the careers of unsuccessful loan-contractors, who went bankrupt lending to the government, to the triumphant career of the House of Rothschild; who successfully "exported" the British system of war-financing abroad with the coming of peace, the symbiotic relationship that existed between the British government and their ostensible creditors is revealed. Also highlighted is the power granted to the (technically bankrupt) Bank of England over credit and the money supply, an unprecedented and highly influential development that filled many contemporaries with horror. This is a tale of bankruptcy, stock market manipulation, bribery and institutional corruption that continues to exert its influence today and will be of interest to anyone interested in government financing, debt and the origins of modern finance.

The Bank of England and the Government Debt

The Bank of England and the Government Debt PDF Author: William A. Allen
Publisher: Cambridge University Press
ISBN: 1108584306
Category : Business & Economics
Languages : en
Pages : 277

Book Description
The Bank of England and the Government Debt recounts the surprising history of the Bank of England's activities in the government securities market in the mid-twentieth century. The Bank's governor, Montagu Norman, had a decisive influence on government debt management policy until he retired in 1944, and established an auxiliary market in government securities outside the Stock Exchange during the Second World War. From the early 1950s, the Bank, concerned about inadequate market liquidity, became an increasingly active market-maker in government securities, rescuing the commercial market-makers in the Stock Exchange several times. The Bank's market-making activities often conflicted with its monetary policy objectives, and in 1971, it curtailed them substantially, while avoiding the damaging effects on liquidity in the government securities market that it had feared. Drawing heavily on archival research, William A. Allen sheds light on little-known aspects of central banking and monetary policy.

History of the Bank of England

History of the Bank of England PDF Author: Andreas Michaēl Andreadēs
Publisher: London : P.S. King
ISBN:
Category : Banks and banking
Languages : en
Pages : 510

Book Description


National Debt in Britain, 1850-1930

National Debt in Britain, 1850-1930 PDF Author: Jeremy Wormell
Publisher: Taylor & Francis
ISBN: 9780415195799
Category : Business & Economics
Languages : en
Pages : 400

Book Description