2010 | OriginalPaper | Buchkapitel
Bank of England
verfasst von : Charles A. E. Goodhart
Erschienen in: Monetary Economics
Verlag: Palgrave Macmillan UK
Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.
Wählen Sie Textabschnitte aus um mit Künstlicher Intelligenz passenden Patente zu finden. powered by
Markieren Sie Textabschnitte, um KI-gestützt weitere passende Inhalte zu finden. powered by
The primary motivation for the establishment of the Bank of England was the need to raise funds to help the government finance the then current war against France, although the view had also developed that a bank could help to ‘stabilize’ financial activity in London given periodic fluctuations in the availability of currency and credit. An original proposal by William Paterson in 1693 for a government ‘fund of perpetual interest’ was turned down in favour of another proposal by Paterson in 1694 to establish a company known as the Governor and Company of the Bank of England, whose capital, once raised, would be lent in its entirety to the government.