Britain and European Monetary Cooperation, 1964-1979 (Palgrave Studies in the History of Finance)

This brought sterling into the turmoil of the world currency markets, and by the end of the 1970s, sterling had quietly ended its role as an international currency. The book describes the political and economic approach Britain took at the turn of the 1970s, and explains how the country became restricted by the burden of the sterling balances.