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Titlebook: Sterling in Decline; The Devaluations of Sir Alec Cairncross,Barry Eichengreen Book 2003 Palgrave Macmillan, a division of Macmillan Publi

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书目名称Sterling in Decline
副标题The Devaluations of
编辑Sir Alec Cairncross,Barry Eichengreen
视频video
图书封面Titlebook: Sterling in Decline; The Devaluations of  Sir Alec Cairncross,Barry Eichengreen Book 2003 Palgrave Macmillan, a division of Macmillan Publi
描述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.
出版日期Book 2003
关键词economic policy; economy; evaluation; macroeconomics; performance; trade
版次1
doihttps://doi.org/10.1057/9780230596306
isbn_ebook978-0-230-59630-6
copyrightPalgrave Macmillan, a division of Macmillan Publishers Limited 2003
The information of publication is updating

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,Britain’s Exchange and Trade Relations,he twentieth, no national currency rivalled sterling’s role in international transactions – as a unit of exchange, a means of payment or a temporary store of value. For almost a century, sterling remained the dominant vehicle currency in international trade. Considerable quantities of trade that nei
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Concluding Reflections, striking that it sometimes seems as if the only thing these three devaluations had in common was their coincidence on each occasion with an eclipse of the moon.. None the less, a comparison of the three episodes reveals a surprising number of similarities – significant enough, in any case, to encou
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Introduction,ach to managing the economy and marked a turning point in the formulation of economic policy. But regardless of the circumstances, devaluation was an event of great moment, which occurred amidst controversy, publicity and impassioned debate.
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