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SUMMARY:An exchange rate history of the United Kingdom\, 1945–1992 - Dr 
 Alain Naef\, Banque de France
DTSTART:20230130T170000Z
DTEND:20230130T183000Z
UID:TALK193849@talks.cam.ac.uk
CONTACT:Dr Duncan Needham
DESCRIPTION:How did the Bank of England manage sterling crises? This book 
 steps into the shoes of the Bank’s foreign exchange dealers to show how 
 foreign exchange intervention worked in practice. The author reviews the h
 istory of sterling over half a century\, using new archives\, data and uns
 een photographs. This book traces the sterling crises from the end of the 
 War to Black Wednesday in 1992. The resulting analysis shows that a second
 ary reserve currency such as sterling plays an important role in the stabi
 lity of the international system. The author goes on to explore the lesson
 s the Bretton Woods system on managed exchange rates has for contemporary 
 policy makers in the context of Brexit. This is a crucial reference for sc
 holars in economics and history examining past and current prospects for t
 he international financial system.
LOCATION:John Bradfield Room\, Darwin College and Zoom
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