MONEY SUBSTITUTES AND MONETARY POLICY IN THE U.K., 1922-1974.

In the U.K., following the publication of the Radcliffe Report, it was widely believed that monetary policy was impotent because any attempt to make use of monetary policy would be fully offset by perfect money substitutes which were not controlled by the monetary authorities. This paper tests wheth...

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Bibliographic Details

Published in:	European Economic Review Vol. 10; no. 1; pp. 19 - 37
Main Authors:	Mills, T. C., Wood, G. E.
Format:	Article
Published:	Elsevier B.V. Oct77
Subjects:	Monetary policy Money market Financial institutions Interest rate parity theorem Foreign exchange rates Demand for money Economic policy Economics United Kingdom
Online Access:	View this record in EBSCOhost