Publisher's Synopsis
Designed to replace the authors' "Monetary Control in the UK", this book reflects the extent of recent changes in the financial system and monetary policy, including de-regulation, financial innovation, exchange rate management and the scope of central banking. The book makes a contribution to the discussion of monetary policy and theory and should be particularky useful for both advanced undergraduates and graduate students. Included is a full analysis of the Exchange Rate Mechanism (ERM) of the European Monetary System, including the UK entry to the ERM.
