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ChapterII THE STERLING AREA
Chapter in WESTERN EUROPE
1 other sections not shown
Australia Australian pound balance of payments Bank benefits boom Britain British economy capital formation capital movements cent competitive competitors complementary economies cost creditors current account customs union cyclical deficit demand depression deterioration devaluation dollar area earnings economic union effects elastic European European Payments Union excess exchange control export surplus favourable figures fluctuations foreign exchange foreign offer gain Gold and Dollar Imperial preference industries inflation inflationary investment Kingdom pound sterling less loans manufacturing prices Marshall Aid member countries millions monetary stock-piling monetary union negotiating union outsiders overseas payments surplus political possible preference primary product prices problem quota R.S.A. countries R.S.A. currencies raw material reduced relatively slump stability stable exchanges sterling area system sterling balances sterling debts sterling liabilities sterling reserves tariff confederation terms of trade transactions Treasury bills United Kingdom economy United Kingdom pound unrequited imports upvaluation value of sterling vis-a-vis world trade Zealand pound Zollverein