Money and Business Cycles in Britain, 1870–1913

Forrest Capie
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Forrest Capie: City University

Chapter 9 in Business Cycles, 1991, pp 207-228 from Palgrave Macmillan

Abstract: Abstract Friedman and Schwartz’s work on the monetary history of the USA, especially the evidence presented in ‘Money and Business Cycles’(1963) had a profound impact on our views on the American economy. Their work drew attention to the need for similar studies of other countries. But surprisingly no long-period study of the cycle after 1870 was ever carried out for Britain. Even more surprisingly in the latest and avowedly quantitative economic history textbook on Britain (Floud and McCloskey, 1981) there is no chapter on money. There is a brief dismissal of the role of money in the cycle.

Keywords: Business Cycle; Money Supply; Economic History; Money Growth; Branch Banking (search for similar items in EconPapers)
Date: 1991
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DOI: 10.1007/978-1-349-11570-9_9

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