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.
Inhaltsverzeichnis
Introduction; 1. Sterling's postwar role and lessons from the 1947 convertibility crisis; 2. The 1949 devaluation: readjusting the postwar parities; 3. The reopening of the London foreign exchange market: Sterling's window on the world. 4. The bank on the market; 5. The reopening of the London gold market in 1954: sealing the fate of sterling and the international system; 6. 1958 convertibility and its consequences. 7. The gold pool; 8. Cooperation and the fed swap network; 9. The 1964-7 currency crisis; 10. The 1967 devaluation and the fall of the gold pool; 11. The consequences of the devaluation: ongoing crisis and window dressing at the bank of England; 12. Britain, Nixon and the end of Bretton woods; 13. Was the IMF crisis 'natural' or 'manmade'; 14. Britain's last currency crisis; Conclusion; Data availability; Bibliography.
