Buy it now
Buying options
Tax calculation will be finalised at checkout
Other ways to access
This is a preview of subscription content, log in via an institution to check for access.
Table of contents (17 chapters)
-
Front Matter
-
Back Matter
About this book
Keywords
- 1950s
- monetary policy
- sterling
- exchange rate
- gilt-edged
- money market
- Attlee administration
- Churchill administration
- Eden administration
- Macmillan administration
- politics
- Bank of England
- Treasury
- Radcliffe committee
- fiscal policy
- Stafford Cripps
- Hugh Gaitskell
- R. A. Butler
- Harold Macmillan
- Peter Thorneycroft
- Debt Management
- growth
- interest rates
Reviews
'A timely and fascinating account of Britain's emergence from the previous era of cheap money and analysis of the accompanying dark arts of financial repression. Allen has a commanding grasp of monetary economics and the era.' Professor Richard Roberts, Director of the Institute of Contemporary British History, King's College London
'This is a brilliant, extended, monetary essay on the 1950s. By the end of the decade monetary policy was run out of Downing Street, directed by misplaced objectives and Keynesian dogma, with pernicious effects on inflation and the fabric of society. A lesson for today will strike the reader: monetary policy should be directed at price stability and not subordinated to debt management, however tempting that may be to politicians confronting a high debt stock.' Andrew Tyrie, MP, Chairman of the House of Commons Treasury Committee and the Parliamentary Commission on Banking Standards.
'Allen haswritten a fascinating and coherent account of British monetary policy in the 1950s... [Yet] Allen's book is not just skilful history: it offers a major warning to current policy-makers looking for what may happen after the low interest rate environment. Is the future likely to be a replay of the past, in which economic openness (capital movements) and fiscal constraints combine to limit the room for policy maneuver? For a long time we have been obsessed by the policy mistakes of the 1930s; Allen draws our attention to the policy traps of the 1950s.' Harold James, Princeton University in Central Banking - read the full review here: http://www.centralbanking.com/type/review/category/central-banks/monetary-policy
Authors and Affiliations
-
Cass Business School, London, UK
William A. Allen
About the author
Bibliographic Information
Book Title: Monetary Policy and Financial Repression in Britain, 1951 - 59
Authors: William A. Allen
Series Title: Palgrave Studies in Economic History
DOI: https://doi.org/10.1057/9781137383822
Publisher: Palgrave Macmillan London
eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)
Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 2014
Hardcover ISBN: 978-1-137-38381-5Published: 16 September 2014
Softcover ISBN: 978-1-349-48068-5Published: 01 January 2014
eBook ISBN: 978-1-137-38382-2Published: 03 August 2014
Series ISSN: 2662-6497
Series E-ISSN: 2662-6500
Edition Number: 1
Number of Pages: XII, 287
Topics: Macroeconomics/Monetary Economics//Financial Economics, Economic Policy, History of Britain and Ireland, Economic History, International Political Economy, Modern History