LEADER 00000cam a2200745 i 4500 001 ocn902915768 003 OCoLC 005 20151102133203.0 008 150206s2015 enk b 001 0 eng 010 2015004031 020 9781137491411 (hardback) 020 1137491418 (hardback) 035 (OCoLC)902915768 040 DLC|beng|erda|cDLC|dYDX|dYDXCP|dBDX|dBTCTA|dOCLCF|dNhCcYME 042 pcc 043 e------|ae-uk--- 050 00 HG925|b.H567 2015 090 HG925|b.H567 2015 100 1 Hirowatari, Kiyoshi,|d1955-|eauthor. 245 10 Britain and European monetary cooperation, 1964-1979 / |cKiyoshi Hirowatari. 264 1 Houndmills, Basingstoke, Hampshire ;|aNew York :|bPalgrave Macmillan,|c2015. 300 xiii, 276 pages ;|c23 cm. 336 text|btxt|2rdacontent. 337 unmediated|bn|2rdamedia. 338 volume|bnc|2rdacarrier. 490 1 Palgrave studies in the history of finance. 504 Includes bibliographical references and index. 520 "The collapse of the Bretton Woods system in the early 1970s resulted in a transition to fluctuating rather than fixed currency system. This brought sterling into the turmoil of the world currency markets, and by the end of the 1970s, sterling had quietly ended its role as an international currency. Sterling-dollar diplomacy collapsed, bringing to an end what had hitherto been considered Britain's prime relationship.Britain and European Monetary Cooperation, 1964-1979 provides a unique perspective on these events, shedding light on the complexities of the historical context of British monetary diplomacy and exploring the country's attempt at a European approach to sterling in the 1960s and '70s. The book describes the political and economic approach Britain took at the turn of the 1970s, and explains how the country became restricted by the burden of the sterling balances. In this book, the author illustrates how these developments offered opportunity for both cooperation and conflict in the light of monetary diplomacy. He demonstrates how Britain's struggle to achieve exchange rate stability, twinned with controversy over European Economic Community membership, finally prompted serious reconsideration of economic policy-making. This book challenges the commonly-held perception of the decline of sterling, and explains that, although Britain's attempt at a European approach failed, the decline of the currency was more complicated than a 'managed decline'"--|cProvided by publisher. 650 0 Monetary policy|zEurope. 650 0 Monetary policy|zGreat Britain. 650 0 Currency question|zGreat Britain. 651 0 Great Britain|xPolitics and government|y1964-1979. 830 0 Palgrave studies in the history of finance. 907 .b76522799|b04-12-16|c10-02-15 910 RDA ENRICHED 910 ybp 910 Backstage 910 TOC 910 Hathi Trust report SPM 910 BrownU 970 01 |tList of Tables|pvi 970 01 |tPreface|pvii 970 01 |tAcknowledgements|pviii 970 01 |tList of Abbreviations|pix 970 01 |tChronology|pxi 970 01 |tIntroduction|p1 970 11 |lpt. I |tThe Conservatives and European Monetary Cooperation|p25 970 11 |l1.|tThe Conservatives and European Monetary Cooperation |p27 970 11 |l2.|tThe Conservatives and Monetary Sovereignty|p53 970 11 |l3.|tThe Heath Government and External Economic Policy |p65 970 11 |tSummary of Part I|p81 970 11 |lpt. II |tLabour and European Monetary Cooperation|p83 970 11 |l4.|tLabour and Sterling|p85 970 11 |l5.|tHarold Wilson, the 1964--66 Sterling Crisis and ⁺ђThe Second Try'|p105 970 11 |l6.|tThe European Approach versus Sterling-Dollar Diplomacy|p137 970 11 |l7.|tThe 1976 IMF Crisis and Its Aftermath|p151 970 11 |tSummary of Part II|p175 970 01 |tConclusion|p179 970 01 |tAppendices|p187 970 01 |tList of Names|p197 970 01 |tNotes|p201 970 01 |tBibliography|p257 970 01 |tIndex|p269 998 r0001|b10-02-15|cm|da|e-|feng|genk|h0|i1 998 r0001|b10-02-15|cm|da|e-|feng|genk|h0|i1
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