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Bank of England and the Global Financial Crisis

  • Miao Han

Abstract

Like the US Fed, the Bank of England (BOE) was, under its legal framework, required to be a market-oriented central bank and lender of last resort in the event of financial crises; prudential regulation was distributed between it and another independent agency. But its two-tier relationship was challenged by its method of crisis management selected during the GFC. This chapter will explain how its market-oriented commitment was changed as a result.

Keywords

Monetary Policy Global Financial Crisis Inflation Target Tripartite Model Financial Service Authority 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Miao Han 2016

Authors and Affiliations

  • Miao Han
    • 1
  1. 1.Durham UniversityUK

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