000 01423cam a2200205 4500500
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041 _afre
042 _adc
100 1 0 _aLe Maux, Laurent
_eauthor
245 0 0 _aCentral banking and finance
260 _c2018.
500 _a59
520 _aThe literature on the Bank Act of 1844 commonly adopts the interpretation that it would have been a crucial step in the construction of central banking in Britain and the analytical framework that opposes rules and discretion. Through the examination of the monetary writings of the period and the interest rate policy of the Bank of England, and also through the systematic analysis of the financial aspect of the Act of 1844, the paper shows that such an interpretation remains fragile. Hence the present paper rests on the articulation between the monetary history and the history of economic analysis and also on the institutional approach of money and banking so as to assess the consequences of the Act of 1844 on the liquidity market and the relations between the central bank and finance. Classification JEL : B12, E58, N13.
690 _acentral banking
690 _amonetary history
690 _afinance
690 _ahistory of ideas
786 0 _nRevue économique | 69 | 4 | 2018-06-05 | p. 541-574 | 0035-2764
856 4 1 _uhttps://shs.cairn.info/journal-revue-economique-2018-4-page-541?lang=en&redirect-ssocas=7080
999 _c546598
_d546598