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This is the first in a new series of annual reports, designed to throw light on the operation of the Bank's published … and external stakeholders to identify areas where the SMF works well, and areas where it might be improved. The Bank …
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How does international monetary leadership end? This paper examines the decline of the Sterling Area between 1945 and 1979 to understand the process of international economic disintegration. Using an original cross-national panel dataset, we conduct survival analysis which systematically...
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countries not belonging to the sterling area. The use of sterling has been described as freely chosen, imposed by the Bank of … England or negotiated. I argue that the sterling area was a captive market as the Bank of England used capital controls …
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