Bond, Marian E.; Knöbl, Adalbert - In: IMF Staff Papers 29 (1982) 3, pp. 363-397
This paper examines some of the effects that the emergence of the United Kingdom as a major oil producer, together with the pursuit of firm financial policies as part of an antiinflationary strategy, has had on the U.K. economy and, in particular, on the real exchange rate of the pound sterling,...