A Critique of Monetary Policy Theory and British Experience

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A Critique of Monetary Policy Theory and British Experience by Dow, J. C. R.; Saville, I. D., 9780198283195
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  • ISBN: 9780198283195 | 0198283199
  • Cover: Paperback
  • Copyright: 7/26/1990

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This book is both a theory of monetary policy, and an examination of how it has worked in the UK. It first analyses the behaviour of the banking system, and then the difficulties of central bank control. The authors argue that money creation is an endogenous process, determined partly by theprice level, and not the other way round.
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