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dc.contributor.authorGoodhart, CAEen
dc.contributor.authorNeedham, Duncanen
dc.date.accessioned2018-10-10T05:17:53Z
dc.date.available2018-10-10T05:17:53Z
dc.identifier.issn0968-5650
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/283391
dc.description.abstractCopyright © 2018 European Association for Banking and Financial History e.V. The British monetary authorities have traditionally focused on broader monetary aggregates than their counterparts elsewhere. The reasons include: the willingness of UK banks to allow customers to make payments by drawing on time deposits, the particularities of the UK approach to managing the national debt and the foreign exchange reserves, and the flow-of-funds system of national accounts developed after World War II. This article outlines these reasons, and explores the implications for the UK's often fractious relationship with the International Monetary Fund during the 1950s and 1960s. It explains why IMF conditionality on loans to the UK focused on broad aggregates.
dc.titleHistorical reasons for the focus on broad monetary aggregates in post-World War II Britain and the 'Seven Years War' with the IMFen
dc.typeArticle
prism.issueIdentifier3en
prism.publicationNameFinancial History Reviewen
prism.volume24en
dc.identifier.doi10.17863/CAM.30759
dcterms.dateAccepted2017-10-06en
rioxxterms.versionofrecord10.1017/S0968565017000233en
rioxxterms.licenseref.urihttp://www.rioxx.net/licenses/all-rights-reserveden
rioxxterms.licenseref.startdate2017-10-06en
dc.contributor.orcidNeedham, Duncan [0000-0002-6543-1093]
dc.identifier.eissn1474-0052
rioxxterms.typeJournal Article/Reviewen
cam.issuedOnline2018-01-11en
rioxxterms.freetoread.startdate2018-12-01


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