An Exchange Rate History of the United Kingdom, 1945–1992

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. Thi...

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Príomhchruthaitheoir: Naef, Alain
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Foilsithe / Cruthaithe: Cambridge University Press 2024
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author Naef, Alain
author_browse Naef, Alain
author_facet Naef, Alain
author_sort Naef, Alain
collection Directory of Open Access Books
description 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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spelling doab-20.500.12854ir-1400012024-07-09T05:30:38Z An Exchange Rate History of the United Kingdom, 1945–1992 Naef, Alain Exchange rates central banks pound sterling United Kingdom Bank of England thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history 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. 2024-07-09T05:30:37Z 2024-07-09T05:30:37Z 2024-07-08T16:19:20Z 2022 book ONIX_20240708_9781108878333_13 https://library.oapen.org/handle/20.500.12657/91676 9781108878333 https://directory.doabooks.org/handle/20.500.12854/140001 eng open access image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/91676/1/206085.pdf Cambridge University Press 10.1017/9781108878333 10.1017/9781108878333 12615a55-20f1-4eb5-a6c9-5eb6541f63e5 c9fff097-a6b0-4c97-afcd-d033f5f27a3d 07f61e34-5b96-49f0-9860-c87dd8228f26 9781108878333 Swiss National Science Foundation (SNF) Cambridge 10BP12_206085 Open Access Books Schweizerischer Nationalfonds zur Förderung der Wissenschaftlichen Forschung Swiss National Science Foundation 10.13039/501100001711 open access
spellingShingle Exchange rates
central banks
pound sterling
United Kingdom
Bank of England
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history
Naef, Alain
An Exchange Rate History of the United Kingdom, 1945–1992
title An Exchange Rate History of the United Kingdom, 1945–1992
title_full An Exchange Rate History of the United Kingdom, 1945–1992
title_fullStr An Exchange Rate History of the United Kingdom, 1945–1992
title_full_unstemmed An Exchange Rate History of the United Kingdom, 1945–1992
title_short An Exchange Rate History of the United Kingdom, 1945–1992
title_sort exchange rate history of the united kingdom 1945 1992
topic Exchange rates
central banks
pound sterling
United Kingdom
Bank of England
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history
topic_facet Exchange rates
central banks
pound sterling
United Kingdom
Bank of England
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCZ Economic history
url ONIX_20240708_9781108878333_13
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