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The Bank of England in the first half of this century, though preserving old forms as its new building rose within the walls of the old, came to an altogether broader conception of central banking. Responding to the needs of two wars and the uneasy decades between. the Bank developed a new sensitivity in its care for the health of the financial system, reaching out extraordinarily into industrial reconstruction and above all showing a new internationalism in promoting reconstruction in Europe and in fostering central bank relations through widely varying parts of the world. Its effort to restore something like the pre-war system, though quickly modified under new political and economic stresses, finally collapsed in 1931; the Bank's part in this crisis and the complete readjustment of its sights in the succeeding years foreshadow international monetary events of the latter part of the century. The story is told in Volumes 1 and 2. The Appendix Volume includes some of the more important formal documents; internal and external to the Bank, an extensive reproduction of the Bank's evidence to the Macmillan Committee, a few notes supplementary to the main story, some convenient tabulati

Author

R. S. Sayers, R. S. Sayers, Richard S. Sayers

Publisher

Published for the Society for General Micriobiology [by] Cambridge Univ. Press

Published

1976

Language

EN

ISBN

9780521210669

Subjects

Economics, Finance, History