Making a Modern Central Bank: The Bank of England 1979-2003

Making a Modern Central Bank explores how the Bank of England shifted its traditional mechanisms to accommodate a newly internationalized financial and economic system, allowing it to focus on monetary management but leaving it vulnerable to financial crisis.

Format: Paperback / softback
Length: 350 pages
Publication date: 17 September 2020
Publisher: Cambridge University Press

Making a Modern Central Bank delves into a transformative shift in monetary and economic policy. This comprehensive guide explores how the Bank of England adapted its traditional mechanisms to navigate a newly globalized financial and economic landscape. The Bank's transition into a modern inflation-targeting independent central bank enabled it to singularly focus on the critical task of monetary management, ensuring price stability. However, this reframing of central banks' responsibilities also exposed them to heightened vulnerability to financial crises. James meticulously outlines and examines significant historical developments in UK monetary policy, while his expertise in modern European history provides valuable context for conducting archival research on the Bank of England's internal documents. This book serves as a valuable continuation of previous official histories of the Bank of England, addressing contemporary issues such as the origins of growing backlash against globalization and the European Union.

Making a Modern Central Bank delves into a transformative shift in monetary and economic policy. This comprehensive guide explores how the Bank of England adapted its traditional mechanisms to navigate a newly globalized financial and economic landscape. The Bank's transition into a modern inflation-targeting independent central bank enabled it to singularly focus on the critical task of monetary management, ensuring price stability. However, this reframing of central banks' responsibilities also exposed them to heightened vulnerability to financial crises. James meticulously outlines and examines significant historical developments in UK monetary policy, while his expertise in modern European history provides valuable context for conducting archival research on the Bank of England's internal documents. This book serves as a valuable continuation of previous official histories of the Bank of England, addressing contemporary issues such as the origins of growing backlash against globalization and the European Union.

Weight: 816g
Dimension: 154 x 233 x 28 (mm)
ISBN-13: 9781108799492