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Books > Business & Economics > Finance & accounting
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The Comedy of the Pound (Rev) (Hardcover, Revised Ed)
Loot Price: R3,112
Discovery Miles 31 120
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The Comedy of the Pound (Rev) (Hardcover, Revised Ed)
Series: Routledge Revivals
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First published in 1933, this book looks at the key events relating
to the fluctuations of sterling that surrounded the suspension of
the gold standard in September 1931. It explores the idea that
monetary authorities receive more recognition and admiration for
their work from those abroad than those at home, whether well
deserved or not. Indeed, after the economic episodes of September
1931, many people on the Continent regarded everything that
happened to the pound as being the result of a carefully planned
and executed monetary policy. Here, the author argues that the
praise of British authorities from abroad was undeserved and that
in actual fact, the behaviours of the monetary authorities in the
aftermath of September 1931 were unsophisticated. This book
describes the events following the pound's collapse as having all
the ups and downs of a comedy.
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