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Britain and the Sterling Area: From Devaluation to Convertibility in the 1950's Book
Did Britain, deluded by past grandeur, arrogantly attempt to retain an international role for which it was no longer suited or equipped? For many this is shown by the persistance of the sterling area, a group of countries with strong ties to the UK, stablized their exchange rates with, and held a large part of their foreign reserves in, sterling. It has become accepted that this had a detrimental effect on the sterling balance, international trade, long term capital flows and Britain's exchange rate policy. This volume finds in every instance that the negative impact was less that has been implied.Read More
from£158.20 | RRP: * Excludes Voucher Code Discount Also available Used from £26.84
- 041509772X
- 9780415097727
- Dr Catherine Schenk
- 30 June 1994
- Routledge
- Hardcover (Book)
- 176
- 1
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