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 cent… More...
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. Trade Books>Trade Paperback>Business>Economics & Finance>Economics & Finance, Institute of Economic Affairs Core >1<
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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 cent… More...
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.; Business, Finance & Law, Institute of Economic Affairs<
Institute of Economic Affairs, 2009. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. In good all round condition., Institu… More...
Institute of Economic Affairs, 2009. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. In good all round condition., Institute of Economic Affairs, 2009<
[EAN: 9780255366236], [SC: 2.3], [PU: London : Inst. of Economic Affairs, 2009], GROSSBRITANNIEN ; NOTENBANK BANK OF ENGLAND FINANZKRISE, Broschur : sehr guter Zustand, 181 Seiten ; 13 x … More...
[EAN: 9780255366236], [SC: 2.3], [PU: London : Inst. of Economic Affairs, 2009], GROSSBRITANNIEN ; NOTENBANK BANK OF ENGLAND FINANZKRISE, Broschur : sehr guter Zustand, 181 Seiten ; 13 x 20 cm 310 g. Sprache: english<
[EAN: 9780255366236], [PU: London : Inst. of Economic Affairs, 2009], GROSSBRITANNIEN ; NOTENBANK BANK OF ENGLAND FINANZKRISE, Broschur : sehr guter Zustand, 181 Seiten ; 13 x 20 cm 310 g… More...
[EAN: 9780255366236], [PU: London : Inst. of Economic Affairs, 2009], GROSSBRITANNIEN ; NOTENBANK BANK OF ENGLAND FINANZKRISE, Broschur : sehr guter Zustand, 181 Seiten ; 13 x 20 cm 310 g. Sprache: english<
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 cent… More...
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. Trade Books>Trade Paperback>Business>Economics & Finance>Economics & Finance, Institute of Economic Affairs Core >1<
new in stock. Shipping costs:zzgl. Versandkosten., plus shipping costs
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 cent… More...
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.; Business, Finance & Law, Institute of Economic Affairs<
Institute of Economic Affairs, 2009. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. In good all round condition., Institu… More...
Institute of Economic Affairs, 2009. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. In good all round condition., Institute of Economic Affairs, 2009<
[EAN: 9780255366236], [SC: 2.3], [PU: London : Inst. of Economic Affairs, 2009], GROSSBRITANNIEN ; NOTENBANK BANK OF ENGLAND FINANZKRISE, Broschur : sehr guter Zustand, 181 Seiten ; 13 x … More...
[EAN: 9780255366236], [SC: 2.3], [PU: London : Inst. of Economic Affairs, 2009], GROSSBRITANNIEN ; NOTENBANK BANK OF ENGLAND FINANZKRISE, Broschur : sehr guter Zustand, 181 Seiten ; 13 x 20 cm 310 g. Sprache: english<
[EAN: 9780255366236], [PU: London : Inst. of Economic Affairs, 2009], GROSSBRITANNIEN ; NOTENBANK BANK OF ENGLAND FINANZKRISE, Broschur : sehr guter Zustand, 181 Seiten ; 13 x 20 cm 310 g… More...
[EAN: 9780255366236], [PU: London : Inst. of Economic Affairs, 2009], GROSSBRITANNIEN ; NOTENBANK BANK OF ENGLAND FINANZKRISE, Broschur : sehr guter Zustand, 181 Seiten ; 13 x 20 cm 310 g. Sprache: english<
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Shows how the Bank of England failed in its duties to provide Northern Rock with proper lender-of-last-resort facilities. This title 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.
Details of the book - Central Banking in a Free Society Tim Congdon Author
EAN (ISBN-13): 9780255366236 ISBN (ISBN-10): 025536623X Paperback Publishing year: 2009 Publisher: Institute of Economic Affairs Core >1 Language: eng/Englisch
Book in our database since 2012-02-25T20:56:36-05:00 (New York) Detail page last modified on 2021-01-08T17:11:42-05:00 (New York) ISBN/EAN: 9780255366236
ISBN - alternate spelling: 0-255-36623-X, 978-0-255-36623-6 Alternate spelling and related search-keywords: Book author: brown gordon Book title: hobart, paper, society, free