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.
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© 2016 Miao Han
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Han, M. (2016). Bank of England and the Global Financial Crisis. In: Central Bank Regulation and the Financial Crisis. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-137-56308-8_5
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DOI: https://doi.org/10.1007/978-1-137-56308-8_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-55548-2
Online ISBN: 978-1-137-56308-8
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