Review of A History of Central Banking in Great Britain and the United States

"A History of Central Banking in Great Britain and the United States", by John H. Wood. Cambridge University Press; 2005 430 pages.

The substantial changes in the institutional structure of central banks around the world in the last decade have by and large coincided with a period of low and stable prices. Would governments be justified in congratulating themselves and claiming victory over inflation, or is the current state of affairs the result of more fundamental forces elsewhere in the globa

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