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Sterling in Decline

The Devaluations of 1931, 1949 and 1967

  • Sir Alec Cairncross
  • Barry Eichengreen

Table of contents

  1. Front Matter
    Pages i-xxxviii
  2. Sir Alec Cairncross, Barry Eichengreen
    Pages 1-9
  3. Sir Alec Cairncross, Barry Eichengreen
    Pages 10-26
  4. Sir Alec Cairncross, Barry Eichengreen
    Pages 27-110
  5. Sir Alec Cairncross, Barry Eichengreen
    Pages 111-155
  6. Sir Alec Cairncross, Barry Eichengreen
    Pages 156-217
  7. Sir Alec Cairncross, Barry Eichengreen
    Pages 218-231
  8. Back Matter
    Pages 232-262

About this book

Introduction

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.

Keywords

economic policy economy evaluation macroeconomics performance trade

Authors and affiliations

  • Sir Alec Cairncross
    • 1
  • Barry Eichengreen
    • 2
  1. 1.St Peter’s CollegeOxfordUK
  2. 2.University of CaliforniaBerkeleyUnited States

Bibliographic information