Listing 1 - 1 of 1 |
Sort by
|
Choose an application
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, enhanced prestige, or supported London as a centre for international finance. This book challenges this view by arguing that sterling's international role was prolonged by the weakness of the international monetary system and by collective global interest in its continuation. Using the archives of Britain's partners in Europe, the USA and the Commonwealth, Catherine Schenk shows how the UK was able to convince other governments that sterling's international role was critical for the stability of the international economy and thereby attract considerable support to manage its retreat. This revised view has important implications for current debates over the future of the US dollar as an international currency.
Pound, British --- Monetary policy --- International economic relations --- Monetary management --- Economic policy --- Currency boards --- Money supply --- British pound --- English pound --- Pound sterling --- Sterling area --- History --- Arts and Humanities --- Pound, British - History - 20th century --- Monetary policy - Great Britain - History - 20th century --- International economic relations - History - 20th century --- 332.494109045 --- 331.157 --- 333.432.3 --- 333.432.8 --- 333.453 --- AA / International- internationaal --- GB / United Kingdom - Verenigd Koninkrijk - Royaume Uni --- Geldwezen sedert 1945 --- Sterlinggebied --- Internationale monetaire organisatie. Internationaal Muntfonds. Algemene leningovereenkomsten --- Internationale munt. Rekeneenheden
Listing 1 - 1 of 1 |
Sort by
|