Sterling in crisis : 1964-1967 / Michael D. Bordo, Ronald MacDonald, Michael J. Oliver.
Material type:
TextSeries: Working paper series (National Bureau of Economic Research) ; no. 14657.Publication details: Cambridge, Mass. : National Bureau of Economic Research, 2009Description: 23, [6] p. : ill. ; 22 cmSubject(s): Currency crises -- Great Britain -- History -- 20th centuryLOC classification: HB1 | .N38 no. 14657Online resources: Click here to access online Summary: We provide the first econometric study of foreign exchange market intervention for the UK during the sterling crises from 1964-1967. We use daily data on spot and forward dollar/sterling exchange rates and reserve movements which allows a more precise description of the loss of credibility during four currency crises. Reserve losses are consistent with exchange rate crises. External assistance given to sterling throughout this period shored up the reserves and allowed the sterling peg to be maintained.
| Item type | Current library | Collection | Call number | Copy number | Status | Date due | Barcode |
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University of Macedonia Library Βιβλιοστάσιο Β (Stack Room B) | Research Papers | HB1.N38 no. 14657 (Browse shelf (Opens below)) | 1 | Available | 0013125613 |
Includes bibliographical references.
We provide the first econometric study of foreign exchange market intervention for the UK during the sterling crises from 1964-1967. We use daily data on spot and forward dollar/sterling exchange rates and reserve movements which allows a more precise description of the loss of credibility during four currency crises. Reserve losses are consistent with exchange rate crises. External assistance given to sterling throughout this period shored up the reserves and allowed the sterling peg to be maintained.
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