Money over Two Centuries Selected Topics in British Monetary History [Hardcover]

This collection of essays by the eminent financial and monetary historians Forrest Capie and Geoffrey Wood examines and offers explanations of the parts played by money and the banking system in the British economy over the last two centuries.

Structured in three chronological parts, it covers: the period of the classical gold standard from 1870 until the First World War, and the associated key issues of the time; the troublesome interwar years, when there was a breakdown in the international economy, the Second World War and immediate post-War years; and the international dimensions of the post-War period up to the present day. It deals with financial crises, periods of stability, and Britain in the international system, and covers topics such as debt management, money and the exchange rate, interest rates and velocity, as well as central bank independence, monetary unions, price controls and the role of the IMF.

Combining empirical research and economic theory, this timely publication is essential reading for all scholars of financial, monetary, and economic history.

1. Introduction
Part One
2. Money, Interest Rates, and the Great Depression: Britain from 1870 to 1913,(with Professor Terence C. Mills)
3. Money Demand and Supply under the Gold Standard: the United Kingdom 1870 1914
4. Money in the Economy, 1870 1939
5. Deflation in the British Economy, 1870 1939
6. The Long Run Behaviour of Velocity in the UK
Part Two
7. What Happened in 1931?,(with Professor Terence C. Mills)
8. Debt Management and Interest Rates: the British Stock Conversion of 1932 *
9. Policy Makers in Crisis: A Study of Two Devaluations
10. Price Controls in War and Peace: A Marshallian Conclusion
Part Three
11. Modelling Institutional Change in the Payments System and its Implications for Monetary Policy,(with Dr Dimitrios Tsomocos)
12. Can EMU Survive Ul“0