Floating Pound and the Sterling Area

Discover the intricate economic landscape of the United Kingdom in Ian M. Drummond's insightful book, Floating Pound and the Sterling Area. Published by Cambridge University Press in 2008, this comprehensive 320-page paperback delves into the significant repercussions of Britain's departure from the Gold Standard in 1931. Drummond expertly explores the challenges faced not only by Britain but also by the countries of the Empire as they grappled with the decision to follow sterling off gold. The book provides a thorough analysis of the implications for currency pegs and the broader economic policies that shaped the Sterling Area. Ideal for students and professionals interested in foreign exchange and historical economic policies, this work is a must-read for anyone looking to understand the complexities of Britain's monetary history. Enhance your knowledge and gain insights into the fiscal decisions that influenced an era.