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The Evolution of Sterling
The Reserve Role
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Africa American Australia balance of payments Baltic Exchange Bank of England Basle Basle Agreement Basle facility Britain British balance British capital British economy British government British investment British overseas banks British policy Brookings Report cent central banks colonial Commonwealth cost creditors Currency role debt debtor defence deficit deposits devaluation developed countries domestic earnings East economic economists Eurodollar Europe European exchange controls exchange rate foreign exchange France funds gold guarantee holdings Hong Kong Hong Kong dollar important increase independence international currency international financial invisible invisible balance Kuwait liabilities and claims Libya loans London Malaysia market-place Master Currency ment million monetary authorities Negotiated Currency non-sterling official operations OSA countries outflow overseas investment overseas sterling area political problems profits programme relationship reserve currency restrictions role of sterling short-term Singapore sterling area sterling balances TABLE Top Currency trade UK Balance UK External Liabilities United Kingdom