the strange case of competition and credit control /
Michael Moran.
2nd ed.
Basingstoke :
Macmillan,
1986.
ix, 205 p. ;
23 cm.
Studies in policy-making
Previous ed.: 1984.
Includes index.
Moran weaves this detailed study of banking into a more general anlaysis of modern policy making, arguing that complexity is the cause of most policy failures, in the economy and elsewhere. He examines in detail the notion of complexity, applies it to banking and extends the argument to a wider set of policy problems. The book will therefore interest not only anyone concerned with money and banking, but also anyone puzzled by policy failure in the modern state.
This book is the first detailed examination of banking politics in Britain. It describes the traditionally private politics of baning, in which the Bank of England and a small elite managed bankers' interests, and argues that in the last decade this private world was destroyed by crisis, by the pace of change in financial markets and by the intrusion of legislators and pressure groups.