The Banking System and National Policy

John Cooper

Chapter 6 in The Management and Regulation of Banks, 1984, pp 297-381 from Palgrave Macmillan

Abstract: Abstract We saw in Chapter 1 that the 1970s and early 1980s witnessed the build-up of considerable pressures which led successive British governments — and governments elsewhere in the industrialised world — to become much more preoccupied with the banking system than they had been previously. One group of such pressures was the gradual acceptance by the British authorities, and to some extent at least by the public at large, of the importance of control over the money supply as a crucial weapon in the control of inflation and economic policy generally. But to identify and recognise this importance of control of the money supply is one thing; to identify an accurate and durable definition of ‘money supply’ and then methods of controlling it which do not conflict too painfully with other objectives of policy is quite another. From the early 1970s right through to the time of writing in 1983, a great debate has developed amongst academic economists, economic journalists, Treasury and Bank of England officials and practising bankers as to how some sort of control can be imposed on the supply of money.

Keywords: Interest Rate; Monetary Policy; Central Bank; International Monetary Fund; Banking System (search for similar items in EconPapers)
Date: 1984
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-06527-1_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349065271

DOI: 10.1007/978-1-349-06527-1_6

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().