Business & Economics Books:

Central Banking in a Free Society

Sorry, this product is not currently available to order

Here are some other products you might consider...

Central Banking in a Free Society

Format

Paperback

Customer rating

Click to share your rating 0 ratings (0.0/5.0 average) Thanks for your vote!

Share this product

Central Banking in a Free Society by Tim Congdon
Unavailable
Sorry, this product is not currently available to order

Description

The author covers the Northern Rock affair and the subsequent instability in the UK financial system in the context of the history and desired future role of the Bank of England as a central bank. Tim Congdon, a respected monetary economist, shows how the Bank of England failed in its duties to provide Northern Rock with proper lender-of-last resort facilities. This helped bring down the bank itself and created instability in financial markets. Congdon argues that the mistakes by the Bank of England arose directly from Gordon Brown's decision to dismember the Bank in 1997. As a result, the Bank lost all its experience in commercial banking. Furthermore, the government and the Bank were unable to coordinate their actions in the way that had been envisaged by the government when it reformed the Bank of England. Congdon proposes a radical new settlement. The Bank of England should be privatised; its capital should be provided by the commercial banks; and it should regulate banks as well as providing them with lender-of-last-resort facilities. He shows how this new structure provides just the right incentives to regulate the banking system in a way that will ensure financial stability whilst allowing banks to provide efficient services to the public.

Author Biography

Tim Congdon is often regarded as the UK's leading 'monetarist' economist, and was one of the foremost advocates of so-called Thatcherite monetarism in the late 1970s and early 1980s. He is currently a professor of economics at the University of Buckingham, where he has established a new research institute, the Institute of International Monetary Research (www.mv-pt.org). His books include Money in a Free Society (New York: Encounter Books, 2011).
Release date NZ
March 19th, 2009
Author
Country of Publication
United Kingdom
Illustrations
Illustrations
Imprint
Institute of Economic Affairs
Pages
192
ISBN-13
9780255366236
Product ID
2967443

Customer reviews

Nobody has reviewed this product yet. You could be the first!

Write a Review

Marketplace listings

There are no Marketplace listings available for this product currently.
Already own it? Create a free listing and pay just 9% commission when it sells!

Sell Yours Here

Help & options

  • If you think we've made a mistake or omitted details, please send us your feedback. Send Feedback
  • If you have a question or problem with this product, visit our Help section. Get Help
Filed under...

Buy this and earn 143 Banana Points