Sterling in Decline The Devaluations of 1931, 1949 and 1967

Sterling in Decline takes the devaluations of 1931, 1949 and 1967 as a metaphor for Britain's changing position in the world economy. It traces the decline of the pound sterling from the world's pre-eminent currency, together with the dollar's rise to prominence. It also challenges th...

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Bibliographic Details
Main Authors: Cairncross, Sir Alec, Eichengreen, Barry (Author)
Format: eBook
Language:English
Published: London Palgrave Macmillan UK 2003, 2003
Edition:Second Edition
Subjects:
Online Access:
Collection: Springer eBooks 2005- - Collection details see MPG.ReNa
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520 |a Sterling in Decline takes the devaluations of 1931, 1949 and 1967 as a metaphor for Britain's changing position in the world economy. It traces the decline of the pound sterling from the world's pre-eminent currency, together with the dollar's rise to prominence. It also challenges the conventional wisdom regarding the implications of events in foreign exchange markets, and of British foreign economic policy generally, for the macroeconomic performance of the British economy. This second edition features a new introduction that frames the analysis in light of subsequent contributions and brings the story up to date. It draws out the implications of sterling's troubled 20th century history for the country's decision of whether to adopt the euro