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International finance --- 339.74 --- Foreign exchange rates --- -International finance --- -AA / International- internationaal --- 333.825 --- 334.151.27 --- 333.480 --- 331.157 --- 331.156 --- 333.430 --- 333.450 --- 333.420.0 --- 333.451.1 --- -332.45609 --- International monetary system --- International money --- Finance --- International economic relations --- Exchange rates --- Fixed exchange rates --- Flexible exchange rates --- Floating exchange rates --- Fluctuating exchange rates --- Foreign exchange --- Rates of exchange --- Monetaire buitenlandse politiek. Deviezenpolitiek --- History --- Deviezenpolitiek. Interventies. --- Europees monetair stelsel. --- Geldstelsel. --- Geldwezen sedert 1945. --- Geldwezen van 1914 tot 1945. --- Internationale monetaire unies, conventies en akkoorden: algemeen. --- Theorie van het deviezenverkeer. Theorie van de koopkrachtpariteit. --- Theorieën in verband met de keuze van de geldstandaard. Currency substitution. Foreign currency deposits. --- Wisselkoersen. --- Rates --- 339.74 Monetaire buitenlandse politiek. Deviezenpolitiek --- 332.45609 --- AA / International- internationaal --- Geldwezen van 1914 tot 1945 --- Geldwezen sedert 1945 --- Theorieën in verband met de keuze van de geldstandaard. Currency substitution. Foreign currency deposits --- Internationale monetaire unies, conventies en akkoorden: algemeen --- Theorie van het deviezenverkeer. Theorie van de koopkrachtpariteit --- Wisselkoersen --- Geldstelsel --- Deviezenpolitiek. Interventies --- Europees monetair stelsel --- FINANCES INTERNATIONALES --- TAUX DE CHANGE --- SYSTEME MONETAIRE INTERNATIONAL --- 20E SIECLE --- HISTOIRE

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338 <09> --- Economische geschiedenis --- 338 <09> Economische geschiedenis --- -330.904 --- Récessions --- Récessions --- Financial crises --- Crashes, Financial --- Crises, Financial --- Financial crashes --- Financial panics --- Panics (Finance) --- Stock exchange crashes --- Stock market panics --- Crises --- Business cycles --- World history --- anno 1900-1999 --- Recessions --- Economic history --- Histoire économique --- Case studies. --- Cas, Etudes de --- AA / International- internationaal --- 331.100 --- 333.481 --- Depressions --- -Economic history --- Economic conditions --- History, Economic --- Economics --- Commercial crises --- Crises, Commercial --- Economic depressions --- Economische geschiedenis: algemeenheden. --- Monetaire crisissen, hervormingen, saneringen en stabilisering. --- History --- -Financial crises --- Economische geschiedenis: algemeenheden --- Monetaire crisissen, hervormingen, saneringen en stabilisering --- -Recessions --- Financial crises - Case studies --- -AA / International- internationaal --- -History --- -History -

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We provide the first econometric study of foreign exchange market intervention for the UK during the sterling crises from 1964-1967. We use daily data on spot and forward dollar/sterling exchange rates and reserve movements which allows a more precise description of the loss of credibility during four currency crises. Reserve losses are consistent with exchange rate crises. External assistance given to sterling throughout this period shored up the reserves and allowed the sterling peg to be maintained.

Zonder onderwerpscode: economie