Sterling in Decline The Devaluations of 1931, 1949, and 1967

This is a new edition of Sterling in Decline with a new introduction by Barry Eichengreen. The book traces the decline of sterling from the world's pre-eminent currency alongside the dollar's rise to prominence. There are parallels to be drawn with the euro's emergence as a full-fledged competitor to the dollar for international currency status. The new introduction will bring sterling's story up to date and draw out the implications for the dollar and the euro.Cairncross, Alec is the author of 'Sterling in Decline The Devaluations of 1931, 1949, and 1967', published 2003 under ISBN 9781403913050 and ISBN 1403913056.