By Titu Andreescu
This publication is meant to assist scholars getting ready for all rounds of Mathematical Olympiads or the other major arithmetic contest.
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Additional info for 360 Problems for Mathematical Contests
The most prominent case was Thatcher’s disagreements with Governor Richardson, owing to her active involvement in economic policy and the incompatible personalities of these two public ﬁgures (interview, London, October 2005). It was principally because of the disagreement between Richardson and Thatcher that the former was not reappointed in 1983 and Leigh-Pemberton, who was more in tune with the prime minister’s policies, was appointed as Governor (Kynaston 2001: 590). However, Leigh Pemberton, acting in his independent capacity, later endorsed the report of the Delors Committee on EMU, despite Thatcher’s opposition to it (Dyson and Featherstone 1999).
Central banking policies in Britain This second part of the chapter discusses three main areas where the Bank of England has been involved, with different degrees of policy capacity, over the period 1979–2005. These are monetary policy; exchange-rate policy, which is inextricably linked to the conduct of monetary policy; and ﬁnancial supervision, several aspects of which are also linked to monetary policy. Other functions of the Bank, such as its role as adviser to the government or as the (informal) representative of the ﬁnancial sector, are also reviewed.
There is also a case to be made for maintaining some continuity on the committee. Moreover, since the mandate is renewable, the relatively short period of appointment, coupled with the possibility of being reappointed, could potentially reduce the independence of these members from the government. Second, some commentators would prefer the Treasury to provide an explicit job description, outlining in advance the criteria that will be used to judge the suitability of candidates for the post (Financial Times, 2 May 2007).
360 Problems for Mathematical Contests by Titu Andreescu