The United Kingdom

David F. Lomax and P. T. G. Gutmann

Chapter 6 in The Euromarkets and International Financial Policies, 1981, pp 102-125 from Palgrave Macmillan

Abstract: Abstract The external financial policy of the UK over recent years has been very much affected by the country’s historic situation involving the transition from a relatively strong economy with powerful links with the sterling area to a much weaker economy linked increasingly to the EEC. Changes have necessarily taken place regarding the links with the sterling area, in terms of sterling as a reserve asset, the limitation on the size of the sterling area and capital exports allowed to that area. The country’s economic history, of relative weakness and substantial balance of payments constraints, has influenced the way in which external financial policy and exchange control have developed. Significant commitments to the EEC have been made in recent years, but the authorities have so far been unable and unwilling to adopt the full commitments of the Treaty of Accession.

Keywords: Direct Investment; Foreign Currency; Trade Credit; British Government; Reserve Currency (search for similar items in EconPapers)
Date: 1981
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-03882-4_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349038824

DOI: 10.1007/978-1-349-03882-4_6

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().