An Exchange Rate History of the United Kingdom

1945–1992

Alain Naef author

Format:Paperback

Publisher:Cambridge University Press

Published:9th Mar '23

Currently unavailable, and unfortunately no date known when it will be back

This paperback is available in another edition too:

An Exchange Rate History of the United Kingdom cover

This history of sterling shows how the Bank of England defended the pound and managed foreign exchange.

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. This title is also available as Open Access on Cambridge Core. 'The open access publication of this book has been published with the support of the Swiss National Science Foundation' (here https://www.cambridge.org/core/books/an-exchange-rate-history-of-the-united-kingdom/68B7E57D9884394B815C76D48ACD3FB6).

'Naef's financial history of the United Kingdom focuses on the management of the pound sterling exchange rate since World War II. He uses data on market operations from the Bank of England's archives to document the bank's efforts to defend and stabilize the rate during currency crises in 1949, 1967, and 1976.' Barry Eichengreen, Foreign Affairs

ISBN: 9781108813938

Dimensions: 230mm x 150mm x 15mm

Weight: 394g

266 pages