The Politics of Central Banks

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1998 Hard cover New. No dust jacket as issued. Sewn binding. Cloth over boards. 200 p. Routledge Advances in International Relations and Politics, 7. Audience: General/trade. ... BRAND NEW. NO DJ. (as issued) Read more Show Less

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Overview

This book is a study of power. In particular, it is a study of governmental power in Britain and France. Its focus is the changing relationship between the government and the central bank in the two countries, and it examines the politics of this relationship since the time when the Bank of England and the Bank of France were first created.
The book begins by considering the issue of governmental control generally. It then focuses on monetary policy making, and asks what has been the role of governments in this area and what freedom have central banks enjoyed? After a detailed historical analysis of this issue in Britain and France, the authors conclude by considering the likely role of the European Central Bank.

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Product Details

Table of Contents

Preface
1 The politics of core executive control 1
2 Core executive / central bank relations 14
3 The core executive and the Bank of England (1694-1987): from autonomy to dependence 35
4 The core executive and the Bank of England (1988-97): the primacy of domestic politics 66
5 The core executive and the Bank of France (1800-1981): the old regime 96
6 The core executive and the Bank of France (1981-97): shadowing the Bundesbank 117
7 The political control of economic life 142
App. 1 Calculating Central Bank independence 162
App. 2 Bank of England independence, 1694-1997 165
App. 3 Bank of France independence, 1800-1997 167
App. 4 European Central Bank independence 169
Notes 171
Bibliography 175
Index 186
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