TY  - BOOK
AU  - Naef,Alain
TI  - An exchange rate history of the United Kingdom, 1945-1992
T2  - Studies in macroeconomic history
SN  - 9781108878333 (ebook)
AV  - HG3943 .N34 2022
U1  - 332.4/50941 23/eng/20220728
PY  - 2022///
CY  - Cambridge, United Kingdom, New York, NY
PB  - Cambridge University Press
KW  - Foreign exchange rates
KW  - Great Britain
KW  - History
KW  - 20th century
N1  - Title from publisher's bibliographic system (viewed on 22 Mar 2023); Open Access
N2  - 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. This title is also available as Open Access on Cambridge Core
UR  - https://doi.org/10.1017/9781108878333
ER  -