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The British Payments and Exchange Control System

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  • H. A. Shannon

Abstract

I. Bretton Woods and convertibility, 212. — II. The Exchange Control Act of 1947, 214. — III. Sterling balances, 216. — IV. Sterling area agreements, 218. — V. The American Account, Transferable Account and Bilateral areas; and their relative importance, 222. — VI. Payments agreements with the Transferable Account area, 226. — VII. And with the Bilateral area, 230. — VIII. "Administrative Transferability," 233. — IX. The intra-European payments agreement and American aid, 234.

Suggested Citation

  • H. A. Shannon, 1949. "The British Payments and Exchange Control System," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 63(2), pages 212-237.
    • Handle: RePEc:oup:qjecon:v:63:y:1949:i:2:p:212-237.
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    File URL: http://hdl.handle.net/10.2307/1883099
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    Cited by:

    1. Barry Eichengreen & Livia Chiu & Arnaud Mehl, 2016. "Network effects, homogeneous goods and international currency choice: New evidence on oil markets from an older era," Canadian Journal of Economics, Canadian Economics Association, vol. 49(1), pages 173-206, February.
    2. Dennis P. Quinn, 2003. "Capital account liberalization and financial globalization, 1890-1999: a synoptic view," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 8(3), pages 189-204.

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