William A Allen

The Bank of England and the Government Debt

Operations in the Gilt-Edged Market, 1928-1972

• Gebundenes Buch

Produktbeschreibung

This book offers a specialized and revealing study of the Bank of England's gilt-edged market operations during the mid-twentieth century.

Produktdetails

• Verlag: Cambridge University Press
• Seitenzahl: 274
• Erscheinungstermin: 28. Februar 2019
• Englisch
• Abmessung: 137mm x 290mm x 18mm
• Gewicht: 499g
• ISBN-13: 9781108499835
• ISBN-10: 110849983X
• Artikelnr.: 53300827

Autorenporträt

William A. Allen is a Visitor at the National Institute of Economic and Social Research. He worked at the Bank of England from 1972 to 2004, serving as a senior official in the Gild-Edged Division from 1982 to 1986.

Inhaltsangabe

1. Introduction
2. Price and quantity discovery, market making and liquidity in the gilt market
3. Government securities and the structure of the Stock Exchange
4. Government debt management before 1928
5. The gilt market and the Issue Department 1928-39
6. Government debt management and the gilt market in the Second World War
7. Post-War: 1945-51
8. The gilt market from the reactivation of monetary policy until 1960
9. Gilt market liquidity in the 1960s
10. The high tide of intervention: 1960-66
11. The conflict with monetary policy recognised and addressed: 1967-70
12. Competition and credit control, 1970-72
13. The Bank of England's contribution to market liquidity
14. Governance in practice
15. Conclusions
16. Epilogue: bearing the cost of providing liquidity.