2006/10/02 by MICHAEL J. OLIVER, Michael Oliver, ARRAN HAMILTON +1 · 43 citations
Business, Management and Accounting · Economics, Econometrics and Finance · #Battle #Currency #Devaluation #Economic, financial, and policy analysis #Economics #Float (project management) #Global Financial Crisis and Policies #History #International economics #Keynesian economics #Monetary economics #Pound (networking) #Pound Sterling #State Capitalism and Financial Governance
paper · doi:10.1111/j.1468-0289.2006.00365.x
published in The Economic History Review 60(3), 486-512 (Wiley)
openalex publication_date 2006/10/02 · openalex created_date 2025/10/10 · openalex updated_date 2026/06/11
SUMMARY The devaluation of 1967 and the float of 1972 have become two of the key cornerstones in the analysis of sterling under the Bretton Woods system. Sterling’s fortunes between 1968 and 1972 have not been so well documented. This article uncovers new evidence about the pound for this period, including the British government’s contingency plans for blocking the sterling balances as a means to negate the weakness of sterling following the 1967 devaluation, the discussions with the United States on the reform of the international monetary system, and the preparations made for floating the pound.