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Item Details
Title: STERLING IN DECLINE
THE DEVALUATIONS OF 1931, 1949 AND 1967
By: Sir Alec Cairncross, Barry J. Eichengreen
Format: Hardback

List price: £100.00


We currently do not stock this item, please contact the publisher directly for further information.

ISBN 10: 1403913056
ISBN 13: 9781403913050
Publisher: PALGRAVE USA
Pub. date: 8 August, 2003
Edition: 2nd 2003 ed.
Pages: 262
Description: Traces the decline of sterling from the world's pre-eminent currency alongside the dollar's rise to prominence. The new introduction brings sterling's story up to date and draws out the implications for the dollar and the euro.
Synopsis: Sterling in Decline takes the devaluations of 1931, 1949 and 1967 as a metaphor for Britain's changing position in the world economy. It traces the decline of the pound sterling from the world's pre-eminent currency, together with the dollar's rise to prominence. It also challenges the conventional wisdom regarding the implications of events in foreign exchange markets, and of British foreign economic policy generally, for the macroeconomic performance of the British economy. This second edition features a new introduction that frames the analysis in light of subsequent contributions and brings the story up to date. It draws out the implications of sterling's troubled 20th century history for the country's decision of whether to adopt the euro.
Illustrations: biography
Publication: US
Imprint: Palgrave Macmillan
Returns: Returnable
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