The Decline of British Economic Power Since 1870This book was first published in 1981. |
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Page 18
... reserves to liabilities ( as gold flowed out of the country ) would lead the Bank to raise its discount rate ( Bank Rate ) in order to increase interest rates generally and to produce a restriction of credit . This action would tend to ...
... reserves to liabilities ( as gold flowed out of the country ) would lead the Bank to raise its discount rate ( Bank Rate ) in order to increase interest rates generally and to produce a restriction of credit . This action would tend to ...
Page 19
... reserves with the result that the borrowing countries were relieved of the adjustment problem inherent in the operation of the classical theory . Free trade fulfilled a dual function . In the first instance , open access to the British ...
... reserves with the result that the borrowing countries were relieved of the adjustment problem inherent in the operation of the classical theory . Free trade fulfilled a dual function . In the first instance , open access to the British ...
Page 37
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Page 38
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Page 40
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2nd series American Bacon and Eltis balance of payments Bank of England Bank Review Blackaby boom Bretton Woods Britain Britain's Economic Prospects British economy British industry British Overseas Business History Cambridge capital cent competition considerable cost cotton country's currency D. H. Aldcroft De-industrialisation decline deficit depression dollar economic growth Economic History Review Economic Journal Economic Policy empire employment Europe European exchange expenditure exports factors favour foreign Germany gold standard Howson ibid Imperial Preference important income increased inflation international economy J. M. Keynes John Maynard Keynes Keynes lend-lease Lloyds Bank loan London manufacturing industry million Moggridge multilateral National organisation output Oxford political position postwar prewar problem protectionism rate of growth recovery reduction reproduced by permission return to gold Richardson rise role Second Labour Government sector Skidelsky staple industries Sterling Area structure Table reproduced tariff trade union Treasury United Kingdom