000			01331nam a2200157 4500
999			_c513639 _d513639
008			200317b ||||| |||| 00| 0 eng d
100			_aBean, Charles R. _918417
245			_aA review essay: David Kynaston's till time's last sand: A history of the bank of England, 1694-2013
260			_bJournal of Economic Literature
300			_a57(4), Dec, 2019: p.972-987.
520			_aThis essay reviews Till Time's Last Sand: A History of the Bank of England, 1694–2013, David Kynaston's history of the Bank of England (the Bank) from its foundation in 1694 to the present day. I focus on three themes running through his narrative. First, for much of that time, the Bank was a private company playing a public role; how did it manage to do this and why was it eventually brought into public ownership? Second, I examine the various attempts to constrain the Bank's monetary policy to follow a simple rule; these almost invariably proved unsustainable unless the rule provided enough room for discretion. Finally, I cover the Bank's journey to becoming the lender of last resort, together with its evolving attitude to the associated risk of moral hazard.- Reproduced
650			_aBank of England - History _916862
773			_aJournal of Economic Literature
906			_aBANKS AND BANKING - UNITED KINGDOM
942			_2ddc _cAR