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The New City pp 166-189 | Cite as

The New Old Lady

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Part of the Economics Today book series

Abstract

The Bank of England has already cropped up a number of times in this account of the City of London. In the previous chapter we considered its key role in ensuring the liquidity of the short-term money markets, and its influence over both long- and short-term interest rates. Earlier, there were oblique references to the Bank’s role in the supervision of City markets as well as to its advice to government regarding the control of them. It has appeared so far as a stately amalgamation of spy, nanny and friend to the other financial operators of the City. Perhaps this is not so wide of the mark.

Keywords

Exchange Rate Monetary Policy Central Bank Banking Sector European Central Bank 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Kenneth Durham 1992

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