Format:
1 online resource (657 pages)
Edition:
1st ed.
ISBN:
9780415527965
,
9781136301612
Series Statement:
Routledge Library Editions: Banking and Finance Series
Content:
This book is concerned with developments in three main areas of monetary history: domestic commercial banking; monetary policy; and the UK's international financial position. For ease of analysis the 160 years under study are arranged into three clear chronological divisons. Part 1 covers the years 1826-1913, a period in which the UK emerged as the world's leading economic power. Part 2 covers 1914 to 1939 - the years which marked a break in the traditional monetary arrangements of the Victorian and Edwardian eras. Part 3 covers 1939-1986 when the dominance of state influence within the domestic money markets was re-established by the Second World War and the acceptance by the authorities of the obligation to 'manage' the economy which meant that successive postwar governments took direct responsibility for the conduct of monetary and credit policy
Note:
Intro -- MONEY AND BANKING IN THE UK A History -- Copyright -- MONEY AND BANKING IN THE UK: A History -- Copyright -- CONTENTS -- List of tables -- List of figure -- Abbreviations -- Preface -- Acknowledgements -- PART I: 1826-1913 -- Chapter One Banking In The Early Nineteenth Century -- Early banking history -- Economic crisis and the legislation of 1826 -- Structure of the banking system -- Summary -- Notes -- Chapter Two Growth Of The Banking Sector, 1826-1913 -- The importance and definition of money -- Components of the stock of money -- Financial institutions -- Conclusion -- Notes -- Chapter Three The Commercial Banks: Institutional Change, 1826-1913 -- Main trends -- The corporate structure -- Bank branching -- Bank amalgamations -- The stability of banks and economic fluctuations -- Conclusion -- Notes -- Chapter Four The Business Of Commercial Banking, 1826-1913 -- Bank liabilities -- Bank assets -- Banking advice and financial services -- The commercial banks and economic development -- Notes -- Chapter Five The Monetary Sector And The International Economy -- The importance of international factors -- Britain's adoption of the gold standard in the early nineteenth century -- International exchange rates -- Stable exchange rates and the foreign exchange market -- Adjustment mechanisms -- Assessment of traditional adjustment mechanism under the international gold standard, 1870-1913 -- The role of sterling -- The Bank of England and the monetary interpretation of balance of payments -- Notes -- Chapter Six The Bank Of England And Monetary Policy, 1826-1913 -- Why did the Bank of England become a central bank? -- Legislation -- The Bank and the gold standard -- Techniques of monetary control -- Lender of last resort -- The Bank and the money markets -- Private v public interests -- Notes -- PART II: 1914-1939
,
Chapter Seven Deposit Banking And Other Financial Institutions, 1914-1939 -- Deposit bank expansion -- Affiliations and amalgamations -- Competition in banking -- Private sector liquidity and non-bank financial intermediaries -- Conclusion -- Notes -- Chapter Eight The Business Of Commercial Banking, 1914-1939 -- Clearing banks' balance sheets -- Clearing bank liabilities -- Clearing bank assets -- Industrial and commercial finance -- Customer services -- Summary -- Notes -- Chapter Nine Monetary Policy, 1914-1939 -- The 1914 banking crisis -- Impact of World War I -- Return to gold, 1925 -- The 1931 crisis and devaluation -- Monetary policy in the 1930s -- Conclusion -- Notes -- PART III: 1939-1986 -- Chapter Ten War And Post-War Adjustments, 1939-51 -- Total war, 1939-45 -- The years of recovery, 1945-51 -- Notes -- Chapter Eleven Non-Clearing Banks And Other Financial Intermediaries Since World War II -- Banks and other financial intermediaries -- Relative growth of financial institutions -- The London money market -- The discount market -- Parallel money markets and institutions -- Sterling money markets -- Eurocurrency markets -- Summary on developments in parallel markets -- Bank stability and prudential supervision -- Non-bank financial intermediaries -- Developments in retail banking -- Notes -- Chapter Twelve The Clearing Banks, 1939-1986 -- Amalgamations and institutional change -- Growth of the clearing banks since World War II -- Reasons for clearers' relative decline -- The clearing banks' balance sheets -- Liabilities -- Assets -- Banks and industry -- Summary -- Notes -- Chapter Thirteen Monetary Policy In The 1950s And 1960s -- Constraints on the operation of monetary policy -- The 1950s - revival of monetary policy -- Policy in the 1950s and 1960s -- Policy appraisal -- Notes -- Chapter Fourteen Monetary Policy In The 1970s And 1980s
,
Prudential controls -- Greater market freedom -- Techniques of monetary control -- Reasons for the increased importance Reasons for the increased importance -- Validity of the 'new' monetary policy -- Practical monetarism -- Notes -- Chapter Fifteen The United Kingdom And International Financial Arrangements Since 1951 -- General background -- The 1950s: the sterling area and sterling balances -- The 1960s: exchange instability -- 1970s and 1980s: floating exchange rates -- Notes -- Chapter Sixteen Retrospective -- Commercial banking sector -- Monetary policy -- United Kingdom and the international financial system -- Notes -- Bibliography -- General Index -- Index Of Names
Additional Edition:
Print version Collins, Michael Money and Banking in the UK (RLE: Banking and Finance) Oxford : Taylor & Francis Group,c2012 ISBN 9780415527965
Language:
English
Keywords:
Electronic books
URL:
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