The monetary economics of Adam Smith: >Adam Smith:* An Inquiry Into the Nature and Causes of The Wealth Of Nations*: The Scotch banks, no doubt, paid all of them very dearly for their own imprudence and inattention: but the Bank of England paid very…
Bank may echo US warnings over future rise in ratesThe Bank of England is poised to follow the US by warning high street banks of the new risks they face from future rises in interest rates and the current upheaval in the bond markets.Deputy Bank of England governor Paul Tucker has admitted that UK authorities [...]
In a recent speech, Mervyn King, governor of the Bank of England railed against the inconsistencies of national recovery strategies, saying that, “a present there is no political mechanism for [...]
Giving speeches on the same night, MPC member Andrew Sentance hails ‘tailwind’ of world recovery, while senior insider Andrew Haldane warns of ‘debt overhang’ in downbeat addressThe growing divergence of views at the Bank of England about when the fragile UK economy can safely be taken off life support was laid bare tonight in sharply [...]
Bank of England rate-setter says strength of international economy, rising confidence and improving housing market will force up interest rates as UK recoversStrength in the international economy will help the UK avoid a double-dip recession but the pace of recovery remains uncertain, according to a Bank of England policymaker.Andrew Sentance, a member of the rate-setting [...]
There is more support for a US-style levy than for a tax on transactions. So says Bank of England governor Mervyn King, who has welcomed President Obama’s proposal to overhaul [...]
The Bank of England has published its latest quarterly report into the Asset Purchase Facility. This gives no hints on whether quantitative easing (what everyone else calls the APF) will [...]
Governor of the Bank of England during a turbulent decadeGordon Richardson, who has died aged 94, was the outstanding British banker of the postwar period, first as chairman of the Schroder group, and then as governor of the Bank of England during the turbulent economic decade of 1973-83. But he was almost 40 before he [...]
There is actually a racehorse called Quantitativeasing – presumably running in Keynesian coloursI have always loved the sport of kings (and sheikhs) but never, for reasons I don’t need to go into, owned a racehorse –though I was once part of a syndicate which owned a greyhound.Anyway, my knowledge of horseracing used to be rather [...]
What wonderful, but slightly awkward timing.
Shortly after Barack Obama proposes breaking up deposit taking banks that engage in too risky business, up pops Paul Tucker, Bank of England deputy governor [...]