The scope of this essay seeks to understand how we can achieve a more stable and dynamically self-correcting monetary arrangement which will minimize the likelihood of having severe monetary disruptions on the economic system. We wish to find systems that minimize systemic macroeconomic...

This paper examines the evolution of the Bank of England under a framework of entangled political economy that originates in a process of bank bargains. The theory explains the process by which the political economy order becomes increasingly entangled in the banking system, leading to a...