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- British Monetary Policy and the Balance of Payments, 1951–1957
British Monetary Policy and the Balance of Payments, 1951–1957
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A detailed study, this is the first comprehensive, independent analysis of the revolution in Bank of England policy resulting from the government's response to the 1954-1955 balance-of-payments crises. Mr. Kenen traces the evolution of monetary policy from its revival in 1951 through its application against foreign-exchange problems in 1957.
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