Description

Book Synopsis
On 4th March 1976 the value of the British pound against the US dollar began to slide in international markets and the Prime Minister James Callaghan turned to the International Monetary Fund for help. This study looks at the crisis and reveals its historical roots and contemporary context.

Table of Contents
Part 1 The politcs: what's past is prologue; the gathering storm - March-September 1976; October-December 1976; getting rid of the sterling balances. Part 2 The economics: the movement of opinion; the loss of control - the balance of payments; the loss of control - the balance of payments - a. fiscal policy, b. monetary policy, c. incomes policy; comparisons and conclusions. Appendix: the letter of intent.

Goodbye Great Britain

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    A Hardback by Kathleen Burk, Alec Cairncross

    15 in stock

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      Publisher: Yale University Press
      Publication Date: Publication Date: 2/19/1992 12:00:00 AM
      ISBN13: 9780300057287, 978-0300057287
      ISBN10: 0300057288
      Also in:
      Economic history

      Description

      Book Synopsis
      On 4th March 1976 the value of the British pound against the US dollar began to slide in international markets and the Prime Minister James Callaghan turned to the International Monetary Fund for help. This study looks at the crisis and reveals its historical roots and contemporary context.

      Table of Contents
      Part 1 The politcs: what's past is prologue; the gathering storm - March-September 1976; October-December 1976; getting rid of the sterling balances. Part 2 The economics: the movement of opinion; the loss of control - the balance of payments; the loss of control - the balance of payments - a. fiscal policy, b. monetary policy, c. incomes policy; comparisons and conclusions. Appendix: the letter of intent.

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