The Functions of Sterling Routledge Revivals Series
Auteur : Meyer F.V.
Why is sterling under pressure? Why was the devaluation in 1967 followed by stagnation of British economy? What do the 1971 monetary reforms mean for sterling in the 1970s? First published in 1973, The Functions of Sterling discusses these vital questionsandchallenges the received wisdom of those who tells us it is beneficial that our money should be worth less. It also examines critically the internal and external performance of sterling throughout the twentieth century. The book argues that the credit control policy offers a real possibility of improved economic growth and encourage the revaluation of sterling. To a large extent the book is in line with Sir Ralph Hawtrey?s reasoning and also integrates monetary economics with "real" problems of comparative costs, innovations, and growth.
This book is an essential read for scholars of British economy, public policy, political economy, and economics in general.
Preface1. The Functions of a Currency 2. The Effects of Devaluation in 1967 3. Credit Control 1900-1971 4. Towards a Revaluation of Sterling Notes Index
Date de parution : 10-2023
15.6x23.4 cm
Date de parution : 10-2021
15.6x23.4 cm
Thèmes de The Functions of Sterling :
Mots-clés :
Exchange Rate; Money Supply; Domestic Credit Expansion; Bank Rate; Money Unit; Monetary Controls; Clearing Banks; Credit Expansion; Interest Rates; Average Industrial Wage; Open Market Operations; Bank Advances; Special Deposits; Minimum Lending Rate; Sterling Area Countries; Sterling Area; Import Deposit Scheme; Pre-1914 Parity; Credit Control; Wage Element; Bank Rate Policy; American Wages; Employment Function; Treasury Bills; Low Exchange Rate