MARC Record from marc_columbia

LEADER: 03289cam a2200385 a 4500
001 7904349
005 20221201043426.0
008 091222s2010 enka b 001 0 eng
010 $a 2009053760
019 $a468978715
020 $a9780521876971 (hardback)
020 $a0521876974 (hardback)
024 $a40018142564
035 $a(OCoLC)ocn496160326
035 $a(OCoLC)496160326$z(OCoLC)468978715
035 $a(NNC)7904349
035 $a7904349
040 $aDLC$cDLC$dERASA$dBWKUK$dYDXCP$dBWK$dUKM$dBTCTA
043 $ae-uk---
050 00 $aHG939.5$b.S343 2010
082 00 $a332.4/94109045$222
100 1 $aSchenk, Catherine R.$q(Catherine Ruth),$d1964-$0http://id.loc.gov/authorities/names/n93103672
245 14 $aThe decline of sterling :$bmanaging the retreat of an international currency, 1945-1992 /$cCatherine R. Schenk.
260 $aCambridge ;$aNew York :$bCambridge University Press,$c2010.
300 $axv, 437 pages :$billustrations ;$c24 cm
336 $atext$btxt$2rdacontent
337 $aunmediated$bn$2rdamedia
520 $a"The demise of sterling as an international currency was widely predicted after 1945, but the process took thirty years to complete. Why was this demise so prolonged? Traditional explanations emphasize British efforts to prolong sterling's role because it increased the capacity to borrow, enhanced prestige, or supported London as a centre for international finance. This book challenges this view by arguing that sterling's international role was prolonged by the weakness of the international monetary system and by collective global interest in its continuation. Using the archives of Britain's partners in Europe, the USA and the Commonwealth, Catherine Schenk shows how the UK was able to convince other governments that sterling's international role was critical for the stability of the international economy and thereby attract considerable support to manage its retreat. This revised view has important implications for current debates over the future of the U.S. dollar as an international currency"--Provided by publisher.
504 $aIncludes bibliographical references and index.
505 8 $aMachine generated contents note: List of figures; List of tables; Acknowledgements; 1. Introduction and outline of the book; Part I. Reconstructing the International Monetary System 1945-59: 2. The post-war international monetary system 1945-50; 3. Return to convertibility 1950-59; Part II. Accelerating the Retreat: Sterling in the 1960s: 4. Sterling and European integration; 5. The sterling devaluation 1967: relations with the USA and the IMF; 6. Sterling and the City; 7. Multilateral negotiations: sterling and the reform of the international monetary system; 8. The sterling agreements of 1968; Part III. Sterling's Final Retreat 1970-1992: 9. Sterling and the end of Bretton Woods; 10. Years of crisis 1973-79; 11. The aftermath 1980-1992; 12. Summary and conclusions; Index.
650 0 $aPound, British$xHistory$y20th century.
650 0 $aMonetary policy$zGreat Britain$xHistory$y20th century.
650 0 $aInternational economic relations$xHistory$y20th century.$0http://id.loc.gov/authorities/subjects/sh2008124020
852 00 $boff,bus$hHG939.5$i.S343 2010
852 00 $bbus$hHG939.5$i.S343 2010