The Floating Pound and the Sterling Area: 1931–1939

Ian M. Drummond

doi:10.1017/CBO9780511895623

The Floating Pound and the Sterling Area

1931–1939

Britain's abandonment of the Gold Standard in 1931 raised new economic policy problems both for Britain and for the countries of the Empire, who had to decide whether to follow sterling off gold and, if so, whether to peg their currencies to sterling. By exploiting archival material, the author casts fresh light on the debates and financial diplomacy of the period, and provides a fuller understanding of several key issues: the formation of the sterling area, the World Economic Conference of 1933, and American concerns about the price and course of sterling.

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The Floating Pound and the Sterling Area

1931–1939

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Contents

Frontmatter
pp i-iv

Contents
pp v-vi

Preface
pp vii-viii

1 - Introduction: the sterling area in the 1930s
pp 1-27

2 - Sterling and the rupee
pp 28-51

3 - The Canadian debate over money and exchanges, 1930–1934
pp 52-74

4 - South Africa, sterling, and the gold standard, 1931 and thereafter
pp 75-99

5 - Australia and New Zealand, 1930–1939
pp 100-118

6 - Monetary preparations for the World Economic Conference
pp 119-161

7 - United Kingdom policy at the World Monetary and Economic Conference
pp 162-180

8 - Talking about exchange stabilization, autumn 1933 through June 1936
pp 181-200

9 - The Tripartite Agreement of 1936
pp 201-222

10 - Intergovernmental conversations and the management of sterling, 1936–1939
pp 223-251

11 - Conclusion: the significance of sterling
pp 252-261

Notes
pp 262-298

Index
pp 299-308

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The Floating Pound and the Sterling Area

1931–1939

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