The Evolution of the Banking System and the Theory of Monetary Policy
- 83 Downloads
Stephen Frowen has set a most difficult task for this book: to predict the scope, method and means of operation of monetary policy in the 1990s. The European Community (EC) faces a most uncertain decade: the 1990s promise the integration of markets and there is much talk of a common currency. What might these developments presage for monetary policy?
KeywordsInterest Rate Monetary Policy Central Bank Banking System Money Supply
Unable to display preview. Download preview PDF.
- Bagehot, W. (1873) Lombart Street: A Description of the Money Market, 14th edn. (London: J. Murray, 1915).Google Scholar
- Chick, V. (1984) ‘Monetary Increases and their Consequences: Streams, Backwaters and Floods’, in A. Ingham and A. M. Ulph, (eds), Demand, Equilibrium and Trade: Essays in Honour of I, F. Pearce (London: Macmiilan);Google Scholar
- Chick, V. (1986) ‘The Evolution of the Banking System and the Theory of Saving, Investment, and Interest’, Economies et Sociétés, Cahiers de l’IS-MEA (Paris), Serie Monnaie et Production, no. 3; reprinted in V. Chick On Money, Method and Keynes, op. cit., pp. 193–205.Google Scholar
- Chick, V. and S. C. Dow (1988) ‘A Post Keynesian Perspective on the Relation between Banking and Regional Development’, in P. Arestis (ed.), Post Keynesian Monetary Theory: New Directions in Financial Modelling (Aldershot, Hants: Edward Elgar).Google Scholar
- Fforde, J. S. (1983) ‘Setting Monetary Objectives’, Bank of England Quarterly Bulletin vol. 23, June, pp. 200–208.Google Scholar
- Gardener, E. P. M., (1988), ‘Innovation and New Structural Frontiers in Banking’, in P. Arestis (ed.), Contemporary Issues in Money and Banking: Essays in Honour of Stephen Frowen (London Macmillan) pp. 7–29.Google Scholar
- Goodhart, C. (1987) ‘Why Do Banks Need a Central Bank?’, Oxford Economic Papers, vol. 39, pp. 79–89.Google Scholar
- Hicks, J. R. (1967) ‘Monetary Theory and History — An Attempt at Perspective’, in J. R. Hicks, Critical Essays in Monetary Theory (Oxford: The Clarendon Press).Google Scholar
- Keynes, J. M. (1936) The General Theory of Employment, Interest and Money (London: Macmillan).Google Scholar