Bank of England and the Government Debt. Operations in the gilt-edged market, 1928–1972

Notes:

Written by a former senior official of the Bank of England, 1972-2004, detailing the Bank's activities in the UK government securities market from 1920s. Chapters include: 'Price and quantity discovery, market making and liquidity in the gilt market'; 'Government securities and the structure of the Stock Exchange'; 'Government debt management before 1928'; 'The gilt market and the Issue Department 1928-39'; 'Government debt management and the gilt market in the Second World War'; 'Postwar - 1945-51'; 'The gilt market from the reactivation of monetary policy until 1960'; 'Gilt market liquidity in the 1960s'; 'The high tide of intervention: 1960-66'; 'The conflict with monetary policy recognised and addressed: 1967-70'; 'Competition and credit control, 1970-72'; 'The Bank of England's contribution to market liquidity'; 'Governance in practice'