Functions of Sterling

List of contents

Preface 1. 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

About the author

F. V. Meyer

Summary

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 questions and challenges 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.

Product details

• Authors: F. V. Meyer, F.V. Meyer, F.v. (F V Meyer Deceased and Executor Unkno Meyer
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Hardback
• Released: 31.10.2021
• EAN: 9781032102993
• ISBN: 978-1-0-3210299-3
• No. of pages: 170
• Series: Routledge Revivals
• Subjects: Social sciences, law, business > Business > Economics; BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / Economics / Theory, BUSINESS & ECONOMICS / Economics / Macroeconomics, BUSINESS & ECONOMICS / Finance / General, macroeconomics, Political Economy, c 1970 to c 1979, c 1970 to c 1980