Wednesday, August 22, 2018

The Decline of Sterling: Managing the Retreat of an International Currency, 1945-1992 Download PDF By Catherine R. Schenk


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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. 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.
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