The Politics of Central Banks

This book is a study of power. In particular it is a study of governmentalpower in Britain and France. Its focus is the changing relationship between thegovernm... » 

This book is a study of power. In particular it is a study of governmentalpower in Britain and France. Its focus is the changing relationship between thegovernment and the central bank in the two countries and it examines thepolitics of this relationship since the time when the Bank of England and theBank of France were first created.The book begins by considering the issue of governmental control generally. Itthen focuses on monetary policy making and asks what has been the role ofgovernments in this area and what freedom have central banks enjoyed? After adetailed historical analysis of this issue in Britain and France the authorsconclude by considering the likely role of the European Central Bank. «