This book provides a detailed analysis of British monetary policy in the aftermath of World War I and leading up to the onset of the Great Depression. The survey commences with the successful operation of the pre-1914 gold standard and goes on to examine the policies Britain adopted for monetary reconstruction up to 1924. The decision to return to gold in 1925 is considered in detail, and Professor Moggridge argues that the "official policy" did little, if anything, to correct the basic overvaluation of stirling. He examines the underlying reasons behind the limited use of more orthodox policy instruments and suggests the authorities were forced to develop new policies to combat the effects of gold at $4-86. The final section of the book sums up the ultimate impact of the new policy instruments which were adopted.
- ISBN10 0751200921
- ISBN13 9780751200928
- Publish Date 26 November 1992
- Publish Status Out of Print
- Out of Print 20 July 2010
- Publish Country GB
- Publisher Taylor & Francis Ltd
- Imprint Gregg Revivals
- Edition New edition
- Format Hardcover
- Pages 320
- Language English