The Decline of Sterling: Managing the Retreat of an International Currency, 1945-1992
The Decline of Sterling: Managing the Retreat of an International Currency, 1945-1992
The demise of sterling as an international currency was widely predicted after 1945, but the process took thirty years to complete. This book challenges traditional explanations of this demise by arguing that it was prolonged by the weakness of the international monetary system and by collective interest in its continuation.
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The demise of sterling as an international currency was widely predicted after 1945, but the process took thirty years to complete. This book challenges traditional explanations of this demise by arguing that it was prolonged by the weakness of the international monetary system and by collective interest in its continuation.
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