A critique of monetary policy : theory and British experience /

In this book, the authors expound a theory of monetary policy, and examine how it has worked in the UK. They analyse the behaviour of the banking system and the difficulties of central bank control. In a clearly written account they explain the changes taking place in monetary policy.

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Dow, J. C. R. (J. Christopher R.)
Otros Autores: Saville, I. D. (Iain D.)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Oxford : New York : Clarendon Press ; Oxford University Press, ©1988.
Temas:
Monetary policy > Great Britain.
Interest rates > Government policy > Great Britain.
Monetary policy.
Interest rates.
Politique monétaire > Grande-Bretagne.
Taux d'intérêt > Politique gouvernementale > Grande-Bretagne.
Politique monétaire.
Taux d'intérêt.
BUSINESS & ECONOMICS > Money & Monetary Policy.
Interest rates
Interest rates > Government policy
Monetary policy
Monetaire politiek.
Rente.
Taux di̕ntérêt.
Taux di̕ntérêt > Grande-Bretagne.
Great Britain
Grande-Bretagne > politique monétaire.
Great Britain > Monetarism
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Preface to Paperback Edition
  • Preface
  • Contents
  • List of Tables
  • List of Figures
  • 1. Introduction
  • PART I. THE BEHAVIOUR OF THE FINANCIAL SYSTEM
  • 2. The Macroeconomic Behaviour of the Banking System
  • 1. The place and functions of banks
  • 2. The equilibrium size of the banking system
  • 3. The effect of a relaxation of lending criteria
  • 4. Banks and the wholesale money markets
  • 5. Summary of conclusions
  • 3. The Behaviour of Interest Rates: The Theoretical Background
  • 1. Introduction
  • 2. Classical and multiplier adjustments
  • 3. Interest rates and expectations4. The Behaviour of Interest Rates Continued
  • 1. The determination of short-term interest rates and the influence of the central bank
  • 2. The relation between our account and previous discussion of the rate of interest
  • 3. The behaviour of interest rates since 1971
  • 5. The Behaviour of Exchange Rates
  • 1. The general determinants of exchange rates
  • 2. Policy effects on exchange rates
  • 3. Postwar experience with exchange rates
  • 4. External influences on the domestic financial system
  • 6. Government Transactions, Money, and Interest Rates1. The general impact of public-sector debt and deficits
  • 2. The effect of public-sector transactions on the financial system
  • 3. The relation between fiscal and monetary policy in the UK policy debate
  • PART II. MONETARY CONTROL AND THE COURSE OF THE AGGREGATES
  • 7. UK Monetary Policy since 1971
  • 8. Central-Bank Rate as an Instrument of Monetary Control
  • 1. The modus operandi of central-bank rate
  • 2. Limitations to the use of the central bank's powers
  • 3. The effect of interest rates on the monetary aggregates9. Monetary Base Control
  • 1. The idea of monetary base control
  • 2. The effects of monetary base control
  • 3. Conclusions
  • 10. The Corset, Overfunding, and Banking Supervision
  • 1. The Corset, 1973â€?1980
  • 2. Funding policy and over funding
  • 3. Prudential banking supervision
  • 11. Monetary Growth since the mid-1960s
  • 1. A first survey of the data
  • 2. Fluctuations in lending to the private sector
  • 3. The consequences of increases in lending
  • 4. Implications for monetary analysis and monetary controlStatistical note on banking statistics
  • PART III. CONCLUSIONS
  • 12. The Limitations and Role of Monetary Policy
  • 1. Money and inflation
  • 2. Limitations to interest rates as a means to influence investment
  • 3. Limitations to the authorities' control over exchange rates
  • 4. Some conclusions about monetary policy since the mid-1970s
  • 13. Monetary Policy without Monetary Targets
  • 1. Monetary policy as part of general economic policy
  • 2. The domestic role of monetary policy

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