This book is both a theory of monetary policy, and an examination of how it has worked in the UK. It first analyses the behaviour of the banking system, and then the difficulties of central bank control. The authors argue that money creation is an endogenous process, determined partly by the price level, and not the other way round.
| ISBN: | 9780198283195 |
| Publication date: | 24th May 1990 |
| Author: | J C R Visiting Fellow, Visiting Fellow, National Institute for Economic and Social Research formerly Economics Direct Dow |
| Publisher: | Clarendon Press an imprint of Oxford University Press |
| Format: | Paperback |
| Pagination: | 286 pages |
| Series: | Clarendon Paperbacks |
| Genres: |
Monetary economics Banking |