Asset choice in British central banking history, the myth of the safe asset, and bank regulation
The paper describes the use of commercial bills in Bank of England open-market operations from the earliest days of central banking in the 19th century, when, it is suggested, the Bank of England’s main objective was what would now be called macro-prudential, until the 1980s, when commercial bill...
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| Format: | Article |
| Language: | English |
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University of Warsaw
2015-06-01
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| Series: | Journal of Banking and Financial Economics |
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| Online Access: | https://press.wz.uw.edu.pl/cgi/viewcontent.cgi?article=1084&context=jbfe |