The Role of the Bank of England, 1941-1958

The official history of the Bank of England is continued here from Second World War into early postwar periods. The author examines mainly how the Bank moved on after the hurried nationalization of 1946 and led a vigorous though often frustrated life in the postwar years, when sterling was subject to recurrent external weakness and when domestic monetary policy was beset by difficulties of content and conduct. The Bank's relationship with the Treasury is central to the story whilst also examining its evolving relationship with the financial community and with central banks overseas. The Bank's contribution to public policy is explained and assessed.John Fforde is the author of 'The Role of the Bank of England, 1941-1958', published 1992 under ISBN 9780521391399 and ISBN 0521391393.