Bailouts, bubbles, swindles and devaluations: David Kynaston’s authorised history of the Bank of England, otherwise known as the “Old Lady” – from the Bank’s creation to the appointment of Mark Carney – is packed with drama. On the outside, nothing could appear more solid, but money doesn’t recognise walls. For the greater part of its three centuries, the Bank has been “a great engine of State” (Adam Smith), with an increasingly high profile in recent years. Kynaston’s entertaining history invites us inside the institution whose secretive ways were criticised by John Maynard Keynes.
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