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Private Control of the Money Supply: The English Experiment 1694‐1930
Author(s) -
Santoni G. J.
Publication year - 1988
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1988.tb01588.x
Subject(s) - control (management) , money supply , inflation (cosmology) , government (linguistics) , economics , monetary policy , business , monetary economics , finance , financial system , management , linguistics , philosophy , physics , theoretical physics
Would private ownership of the Bank of England improve monetary control? G. J. Santoni of the Federal Reserve Bank of St Louis argues that when the Bank of England was privately owned control of the money supply was tighter and inflation lower than under government control.