Making a Modern Central Bank: The Bank of England 1979-2003

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By Harold James

Published July 21, 2021

This authoritative guide explores a revolution in monetary and economic policy: how the Bank of England eschewed tradition to accommodate a newly internationalized financial and economic system. James vividly outlines significant historical developments in U.K. monetary policy, but also reckons with contemporary issues — for instance, shedding light on the origins of growing backlash against globalization and the European Union.

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PAW’s December 2025 cover, with a photo of Michael Park ’98.
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