Catherine Schenk

Britain and the Sterling Area

From Devaluation to Convertibility in the 1950s

• Broschiertes Buch

Produktbeschreibung

To complement current work on the British domestic economy in the post-war period it is necessary to examine external economic policy. Whilst considerable work has been done on Britain's relations with Europe and with America, the complexities of the sterling area have remained obscure. This volume makes a significant contribution to unravelling the strands of British external economic policy in the post-war period.

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Produktdetails

• Verlag: Routledge
• Seitenzahl: 176
• Erscheinungstermin: 2. Dezember 2014
• Englisch
• Abmessung: 234mm x 156mm x 10mm
• Gewicht: 278g
• ISBN-13: 9781138865792
• ISBN-10: 1138865796
• Artikelnr.: 42488930

Autorenporträt

Catherine R. Schenk was awarded her BA and MA at the University of Toronto, and her Ph.D. at the London School of Economics. After two years at Victoria University of Wellington, New Zealand, she now works on international economic history at Royal Holloway College (University of London).

Inhaltsangabe

1 INTRODUCTION The debate on the sterling area
The evolution of the post-war sterling area
The sterling area and the international economy 2 THE STERLING BALANCES Identifying the sterling balances
The mechanics of the sterling balances system
The sterling balances and confidence
The sterling balances and development
The sterling balances and domestic monetary policy 3 INTERNATIONAL TRADE The pattern of sterling area trade
The system of controls
Quantitative restrictions 1949-50
The Korean War boom 1950-1
Return to restrictions, 1952
The sterling area and UK export competitiveness 4 INVESTMENT IN THE STERLING AREA
Capital flows and British policy
The volume of long-term capital flows
Investment and growth
Impact on the balance of payments
Capital flows as a cohesive factor 5 THE STERLING AREA AND STERLING POLICY The ROBOT Plan and flexible exchange rates
The collective approach to convertibility
The administrative approach to convertibility 6 CONCLUSIONS