An Exchange Rate History of the United Kingdom : 1945–1992
by
Alain Naef
Book Details
Format
Hardback or Cased Book
Book Series
Studies in Macroeconomic History
ISBN-10
1108839991
ISBN-13
9781108839990
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Sep 29th, 2022
Print length
200 Pages
Weight
538 grams
Dimensions
15.80 x 23.70 x 2.20 cms
Product Classification:
Economic history
Ksh 15,850.00
Manufactured on Demand
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A history of sterling over half a century, using new archives, data and unseen photographs. This book follows the Bank currency dealers, the very people who tried to manage and manipulate the pound, to show how the Bank of England defended the pound and managed foreign exchange.
How did the Bank of England manage sterling crises? This book steps into the shoes of the Bank''s foreign exchange dealers to show how foreign exchange intervention worked in practice. The author reviews the history of sterling over half a century, using new archives, data and unseen photographs. This book traces the sterling crises from the end of the War to Black Wednesday in 1992. The resulting analysis shows that a secondary reserve currency such as sterling plays an important role in the stability of the international system. The author goes on to explore the lessons the Bretton Woods system on managed exchange rates has for contemporary policy makers in the context of Brexit. This is a crucial reference for scholars in economics and history examining past and current prospects for the international financial system.
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