Book description
This is the first contemporary history of the Bank of England from its
independence in 1997 to the present day. It draws on extensive
interviews with senior Bank staff , past and present, and with leading
figures in Whitehall, Westminster and the City. It sheds new light on
the Bank's role in the financial crisis, including the dramatic collapse
of Northern Rock, the bailout of Britain's largest banks and the genesis
of the Bank's Quantitative Easing programme. It is a superbly written
and well-researched account of Britain's central bank, of its
idiosyncratic Governor, Sir Mervyn King, and of Machiavellianism at the
heart of this most secretive and influential institution.
