Böcker av Forrest Capie

Based on a research programme on the monetary history of the United Kingdom, this volume contains monetary series ranging from detailed balance sheet material to monetary aggregates. It aims to serve as a reference to economic historians, applied economists, to the students of money and banking and also to monetary economists of other countries.

This important contribution to comparative economic history examines different countries' experiences with different monetary regimes. Covering the experience of ten countries over the period 1700-1990, the book employs techniques of economic analysis to explain the adoption and relative success of different regimes.

This volume is the second collection of the series of lectures, held annually at City University, London, in honour of Henry Thornton, the renowned 19th Century monetary economist.

This volume contains two major papers prepared for the Bank of England's Tercentenary Symposium in June 1994. The first provides an authoritative account of the evolution of central banking, while the second paper explores the major policy dilemmas now facing central bankers.

This history of the Bank of England takes its story from the 1950s to the end of the 1970s. This period probably saw the peak of the Bank's influence and prestige, as it dominated the financial landscape. One of the Bank's central functions was to manage the exchange rate. It was also responsible for administering all the controls that made up monetary policy. In the first part of the period, the Bank did all this with a remarkable degree of freedom. But economic policy was a failure, and sluggish output, banking instability and rampant inflation characterised the 1970s. The pegged exchange rate was discontinued, and the Bank's freedom of movement was severely constrained, as new approaches to policy were devised and implemented. The Bank lost much of its freedom of movement but also took on more formal supervision.

Free capital movements played an important part in the economic integration and globalisation of the nineteenth century. This work analyses historical experience with capital controls, in Britain and elsewhere, and reviews the theory. It concludes that such controls are damaging and that there is no case for reviving them.