The decline of sterling managing the retreat of an international currency, 1945-1992
The demise of sterling as an international currency was widely predicted after 1945, but the process took thirty years to complete. Why was this demise so prolonged? Traditional explanations emphasize British efforts to prolong sterling's role because it increased the capacity to borrow, enhanc...
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| Format: | eBook |
| Language: | English |
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Cambridge
Cambridge University Press
2010
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| Collection: | Cambridge Books Online - Collection details see MPG.ReNa |
Table of Contents:
- Introduction
- Reconstructing the International Monetary System 1945-59
- The post-war international monetary system 1945-50
- Return to convertibility 1950-59
- Accelerating the Retreat: Sterling in the 1960s
- Sterling and European integration
- The sterling devaluation 1967: relations with the USA and the IMF
- Sterling and the City
- Multilateral negotiations: sterling and the reform of the international monetary system
- The sterling agreements of 1968
- Sterling's Final Retreat 1970-1992
- Sterling and the end of Bretton Woods
- Years of crisis 1973-79
- The aftermath 1980-1992
- Summary and conclusions