The Bank of England and the Government Debt recounts the surprising history of the Bank of England's activities in the government securities market in the mid-twentieth century. The Bank's governor, Montagu Norman, had a decisive influence on government debt management policy until he retired in 1944, and established an auxiliary market in government securities outside the Stock Exchange during the Second World War. From the early 1950s, the Bank, concerned about inadequate market liquidity, became an increasingly active market-maker in government securities, rescuing the commercial market-makers in the Stock Exchange several times. The Bank's market-making activities often conflicted with its monetary policy objectives, and in 1971, it curtailed them substantially, while avoiding the damaging effects on liquidity in the government securities market that it had feared. Drawing heavily on archival research, William A. Allen sheds light on little-known aspects of central banking and
This comprehensive, practical guide identifies the telltale signs of addiction, offers suggestions for living alcohol- or drug-free, and teaches the skills necessary for healthy thinking and living.
Famous for her short fiction—most notably “The Yellow Wallpaper”—Charlotte Perkins Gilman also produced a vast body of nonfiction in tandem with her work as a Progressive-era
