Monetary Growth Since the Mid‐1960s

J. C. R. Dow and I. D. Saville

in A Critique of Monetary Policy

Published in print May 1990 | ISBN: 9780198283195
Published online November 2003 | e-ISBN: 9780191596186 | DOI:

Series: Clarendon Paperbacks

 Monetary Growth Since the Mid‐1960s

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The chapters up to this point have presented a theory of economic analysis. This chapter expands on this and presents a detailed analysis of monetary growth in the UK since the mid‐1960s. The discussion is split into four sections. The first section presents a survey of the data and provides many graphs and tables to illustrate the argument. The second section is concerned with the patterns of lending by banks and building societies to the private sector. The third section is concerned with the consequences of increased lending patterns on spending, whilst also providing a historical analysis. The final section offers some conclusions about the behaviour of the financial system and implications for monetary analysis and control.

Keywords: banks; building societies; lending; monetary aggregates; monetary control; monetary growth; private‐sector borrowing; spending

Chapter.  16051 words.  Illustrated.

Subjects: Macroeconomics and Monetary Economics

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