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Monetary policy and financial repression in Britain, 1951-59

Author: Bill Allen
Publisher: Houndmills, Basingstoke, Hampshire : Palgrave Macmillan, 2014.
Series: Palgrave studies in economic history.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"Following the end of the Second World War, Britain enjoyed a period of prosperity and rapid growth in the 1950s. British monetary policy was reactivated by the newly-elected Conservative government in 1951 when short-term interest rates were increased for the first time in nearly two decades. However, inflation was a recurrent problem and there were repeated sterling crises. This text explores the politics of  Read more...
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Details

Genre/Form: History
Additional Physical Format: Ebook version
Document Type: Book
All Authors / Contributors: Bill Allen
ISBN: 9781137383815 113738381X 1137383828 9781137383822
OCLC Number: 881659710
Description: xii, 287 pages ; 23 cm.
Contents: 1. Introduction --
2. 1945-51:Labour's Macro-economic Policies --
3. 1951-52: the Reactivation of Monetary Policy --
4. 1952-54: Years of Growth --
5. Moves Towards Convertibility and their Implications for Monetary Policy --
6. Short-term Interest Rates in Late 1952 to Mid-1954 --
7. Government Debt Management 1952-54 --
8. The Debacle of 1955 --
9. 1956: Macmillan as Chancellor --
10. 1957: the Year of Thorneycroft --
11. 1958: the Sunny Uplands --
12. 1959: Here We Go Again --
13. Monetary Policy Techniques --
14. Financial Repression --
15. Management and Communication of Monetary Policy --
16. An Assessment of Monetary Policy --
17. Epilogue: the Next Reactivation of Monetary Policy.
Series Title: Palgrave studies in economic history.
Responsibility: William A. Allen.
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Abstract:

British monetary policy was reactivated in 1951 when short-term interest rates were increased for the first time in two decades. The book explores the politics of formulating monetary policy in the  Read more...

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