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British Monetary Policy, 1924-1931
Donald E. Moggridge
其他書名
The Norman Conquest of $4.86
出版Gregg Revivals, 1992
主題Business & Economics / Money & Monetary PolicyHistory / Europe / Great Britain / 20th CenturyPolitical Science / Public Policy / General
ISBN07512009219780751200928
URLhttp://books.google.com.hk/books?id=WQCriMJFXtsC&hl=&source=gbs_api
註釋This book provides a detailed analysis of British monetary policy in the aftermath of World War I and leading up to the onset of the Great Depression. The survey commences with the successful operation of the pre-1914 gold standard and goes on to examine the policies Britain adopted for monetary reconstruction up to 1924. The decision to return to gold in 1925 is considered in detail, and Professor Moggridge argues that the official policy did little, if anything, to correct the basic overvaluation of stirling. He examines the underlying reasons behind the limited use of more orthodox policy instruments and suggests the authorities were forced to develop new policies to combat the effects of gold at $4-86. The final section of the book sums up the ultimate impact of the new policy instruments which were adopted.