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Palgrave Macmillan

UK Monetary Policy from Devaluation to Thatcher, 1967-82

  • Book
  • © 2014

Overview

Authors:
  1. Duncan Needham

    1. Darwin College, University of Cambridge, UK

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Part of the book series: Palgrave Studies in the History of Finance (PSHF)

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Table of contents (7 chapters)

  1. Front Matter

    Pages i-xiii
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  2. Introduction

    • Duncan Needham
    Pages 1-20

  3. From Devaluation to Competition and Credit Control, 1967–71

    • Duncan Needham
    Pages 21-45

  4. Competition and Credit Control, 1971–73

    • Duncan Needham
    Pages 46-77

  5. The PSBR Takes Over, 1974–76

    • Duncan Needham
    Pages 78-108

  6. Too Many Targets, 1977–79

    • Duncan Needham
    Pages 109-133

  7. The Lady Is for Turning, 1979–82

    • Duncan Needham
    Pages 134-168

  8. Conclusion

    • Duncan Needham
    Pages 169-174

  9. Back Matter

    Pages 175-253
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Keywords

About this book

This book charts the course of monetary policy in the UK from 1967 to 1982. It shows how events such as the 1967 devaluation, the collapse of Bretton Woods, the stagflation of the 1970s, and the IMF loan of 1976 all shaped policy. It shows that the 'monetarist' experiment of the 1980s was based on a fundamental misreading of 1970s monetary policy.

Authors and Affiliations

  • Darwin College, University of Cambridge, UK

    Duncan Needham

About the author

Duncan Needham is Research Fellow at Darwin College, Cambridge and Associate Director of the Centre for Financial History at Newnham College, Cambridge where he works on contemporary UK economic history. Before returning to academia, he worked as a credit trader at JP Morgan and then as a structured credit portfolio manager at Cairn Capital. Dr Needham lectures in economic history and teaches undergraduate and graduate courses in history, economics and politics.

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