Sterling Area
The sterling area (or sterling bloc, legally scheduled territories) was a group of countries that either pegged their currencies to the pound sterling, or actually used the pound as their own currency. The area began to appear informally during the early 1930s, after the pound had left the gold standard in 1931, with the result that a number of currencies of countries that historically had performed a large amount of their trade in sterling were pegged to sterling instead of to gold. A large number of these countries were part of the British Empire; however, a significant minority were not. …
WikipediaPublications
NBER: National Bureau of Economic Research · 8 December 2023 English
In this paper I analyze the work on exchange rates and external imbalances by University of Chicago faculty members during the university’s first hundred years, 1892-1992. Many people associate Chicago’s …
two years later, with the 1949 crisis of the Sterling Area. In “A Monetary History of the United States” … However, Friedman does point out that the Sterling Area could be characterized by a floating rate with … Schenk, C. R. (1991). “British Management of the Sterling Area, 1950-1958.” Ph.D. Dissertation. London School …
NBER: National Bureau of Economic Research · 21 September 2023 English
The evolution of the IMS and IFS in the past several hundred years can be viewed through the lens of the Copernican heliocentric system developed over 500 years ago. We …
the 1967 devaluation and the crippling of the sterling area (Schenk, 1998). In this context, the discordance … important as the reference financial center for the Sterling area along with the emergence of the Eurodollar market …
IEA: Institute of Economic Affairs · 8 September 2023 English
The Federal Reserve Board in the USA, the People’s Bank of China, the Bank of Japan, the European Central Bank (ECB) and the Bank of England are together very influential …
Bank of England (BoE), with some overhang from sterling area days, is a major central bank with influence …
NIESR: National Institute of Economic and Social Research · 21 March 2023 English
For the measurement of real income, changes in the quantities of the principal categories were estimated for the first time and weighted by their importance at fixed dates to obtain …
in the 20th century; and the exports of the sterling area. Among other activities, the Institute gave … work on urban renewal, work on exports of the sterling area, a survey of the chemical plant industry, work …
CEPR: Centre for Economic Policy Research · 20 February 2023 English
ORIGINS AND IMPLICATIONS OF THE CRISIS Barry Eichengreen introduces the origins of the ERM in the context of historical experience in Europe, the trauma of the Great Depression combined with …
Ireland was one of the very last members of the sterling area to maintain a fixed parity with sterling. Why …
APE: Asociaţia pentru Politica Externă din Moldova · 11 November 2022 English
VALENTIN NAUMESCU RALUCA MOLDOVAN DIANA PETRUȚ (Editors) ● THE EU AND NATO APPROACHES TO THE BLACK SEA REGION ● Proceedings of the Second Edition of the International Conference The European …
gold reserves disappear, the sterling area disintegrates. If the sterling area disintegrates and we have …
CEPR: Centre for Economic Policy Research · 17 June 2022 English
But, ultimately, this would lead to greater fiscal and monetary discipline that would lead to a fall in inflation in the second half of the decade and again during the …
the Bretton Woods period for the so-called Sterling area countries, who held their foreign exchange reserves … methods through which UK government ensured sterling area countries continued to hold their reserves in … Co-operative System? Sterling Crises and the Sterling Area, 1951–67,” Unpublished. KENNEDY, M. (1969): …
UNU WIDER: United Nations University World Institute for Development Economics Research · 17 June 2022 English
WIDER Working Paper 2022/70-What drove the profitability of colonial firms? Labour coercion and trade preferences on the Sena Sugar Estates (1920–74)
investors earned a return from less developed sterling-area countries around three times higher than from …
ORF: Observer Research Foundation · 15 February 2022 English
The prolonged COVID-19 pandemic has resulted in frequent economic disruptions across the world. Except for China, most principal economies continue to suffer losses in terms of Gross Domestic Product (GDP) …
former British colonies chose to remain in the sterling area for the ease of payment regulations. While …
ISC: International Studies Center · 27 December 2021 English
Antony’s College, the Bodleian Library, the United States National Archives, the Mudd Library of Princeton University, the National Archives of Thailand, the National Library of Thailand, the Thai Ministry of …
government to reduce Siam’s dependence on the sterling area and to attain ultimately a position of reasonable …
