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goals of price stability and war finance. The government, the Bank of England and the commercial banks formed a loose … notes and for the government to finance the war effort, even with signifi cant recourse to unfunded debt. These aspects …
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Forrest Capie is Professor of Economic History at Cass Business School, City University, London, where he was Head of … Social Sciences. He was editor of the Economic History Review and served on the editorial boards of other journals in the …, Economica, the Journal of Money, Credit, and Banking, the Economic History Review, European Economic History, and British …
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The National Monetary Commission was deeply concerned with importing best practice. One important focus was the connection between the money market and international trade. It was said that Britain's lead in the market for "acceptances" originating in international trade was the basis of its...
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