The Global Financial Crisis overturned decades of received wisdom on how financial markets work, and how best to keep them in check. Since then a wave of reform and re-regulation has crashed over banks and markets. Financial firms are regulated as never before.
When the Treasury lost control of interest rates to the Bank of England in 1997, its status looked under threat. However, it quickly reasserted its power by dominating policy-making across Whitehall and diminishing other ministries in the process. It also successfully fought off attempts by Prime Ministers, from Blair to Johnson, to cut it down to size. In this fascinating insider account, based on in-depth interviews with the Chancellors and key senior officials, Howard Davies shows how the last 25 years have nonetheless been a roller-coaster ride for the Treasury. Heavily criticised for its response to the financial crisis, and for the rigours of the austerity programme, it also ran into political controversy through its role in the Scottish referendum and the Brexit debate. The Treasury’s dire predictions of the impact of Brexit have not been borne out. Redemption of a kind, though a costly one, came from its muscular response to the COVID crisis. Anyone with an interest in economic policy-making, in the UK and elsewhere, will find this a valuable and entertaining account.
Texts and Commentary
Features collected extracts from key texts in jurisprudence, with commentary. These discuss the nature of law, and modern attempts to find an acceptable theory of justice. The book is intended for students of law.
The first book written and edited by the people who developed the Internet, this book deals with the history of creating universal protocols and a global data transfer network. The result is THE authoritative source on the topic, providing a vast amount of insider knowledge unavailable elsewhere. Despite the huge number of contributors, the text is uniform in style and level, and of interest to every scientist and a must-have for all network developers as well as agencies dealing with the Net.
The story follows a group of twenty individuals who, with minimal investment, embark on an improbable journey to breed a racehorse on a neglected allotment. What begins as a lighthearted endeavor transforms into a remarkable adventure, culminating in the horse's rise to fame through an award-winning documentary and a major international film. The narrative captures the unexpected triumphs and the sense of community that emerges from their shared passion for racing, showcasing how a simple idea can lead to extraordinary outcomes.
The Essential Guide - Now with a Revised Introduction
Internationale Organisationen setzten immer h�ufiger neue Standards, um Finanzstabilit�t zu sichern und die Interessen von Investoren zu sch�tzen. Die Autoren kennen die internationale Finanzordnung von innen und erl�utern dieses komplexe Geflecht auf eing�ngige Weise.