Abstract
Countries that held sterling in their reserves, having become accustomed to repeated requests from the U.K. to limit their drawings on their sterling assets, were understandably anxious for those assets to be made convertible into dollars. They no doubt understood that this could not happen immediately, but wanted the U.K. to make serious efforts to achieve convertibility.
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© 2014 William A. Allen
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Allen, W.A. (2014). Moves towards Convertibility and Their Implications for Monetary Policy. In: Monetary Policy and Financial Repression in Britain, 1951–59. Palgrave Studies in Economic History Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137383822_5
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DOI: https://doi.org/10.1057/9781137383822_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-48068-5
Online ISBN: 978-1-137-38382-2
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