Susan Howson is Professor of Economics and Fellow of Trinity College, University of Toronto. She was educated at the London School of Economics (1964 1969) and at the University of Cambridge, where she obtained her PhD in 1975. She has held visiting positions in the International Division of the Bank of England (1979 1981); Nuffield College, Oxford (1984 1985); and Wolfson College, Cambridge (1991 1993). Professor Howson is the author of Domestic Monetary Management in Britain 1919 38 (Cambridge University Press, 1975) and British Monetary Policy, 1945 51 (1993) and co-author with Donald Winch...