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British Monetary Policy 1924-1931: The Norman Conquest of $4.86 (Department of Applied Economics Monographs)

British Monetary Policy 1924-1931: The Norman Conquest of $4.86 (Department of Applied Economics Monographs)

ISBN: 9780751200928
Publisher: Gregg Revivals
Edition: First Edition
Publication Date: 1992-12
Number of pages: 320
Any used item that originally included an accessory such as an access code, one time use worksheet, cd or dvd, or other one time use accessories may not be guaranteed to be included or valid. By purchasing this item you acknowledge the above statement.
$115.54

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.

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