The rise of the central bank
Sep 03, 2021
2 minutes
One debate that never ends is over the nature and function of a central bank, says Alex Pollock. Given the “immense financial and political importance of central banks in a world that runs entirely on the fiat currencies they create and inflate”,(Cambridge, 2020, £29.99) is instructive. It relates in detail the lengthy debates that went into the making of the modern Bank of England.
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