The History and Mechanism of the Exchange Equalisation Account

Originally published in 1939, this book presents a study of the history and method of operation of the Exchange Equalisation Account.

Leonard Waight (Author)

9781316611715, Cambridge University Press

Paperback / softback, published 8 December 2016

206 pages
21.2 x 14 x 1.5 cm, 0.3 kg

Originally published in 1939, this book presents a study of the history and method of operation of the Exchange Equalisation Account. Avoiding an exhaustive approach, the text selects principal phases and events in the development of the Account, using them to illustrate 'the evolutionary character of the mechanism employed'. This book will be of value to anyone with an interest in the Exchange Equalisation Account, British history and economics.

Foreword
Preface
Part I: 1. Gold Standard 1925
2. Conditions before the creation of the Exchange Equalisation Account
3. Field of operations
4. Change in characteristics of the E.E.A.
Résumé of Part I
Part II: 5. The Bank of England weekly statement
6. Short-loan market
7. Deflation by France to maintain gold franc
8. Continued fall of the franc
Part III: 9. Cost of financing gold assets
10. Sterling gold price
11. Liquid resources of the E.E.A.
12. Distribution of gold holdings
13. The crisis period
14. The E.E.A. as an experiment
Addenda
Currency and Bank Notes Act 1939
Appendix A. Gold Standard Act 1925
Appendix B. Currency and Bank Notes Act 1928
Appendix C. Gold Standard (Amendment) Act 1931
Appendix D. Finance Act 1932 (E.E.A. clauses)
Appendix E. Tripartite Currency Agreement
Appendix F. Two protocols to Tripartite Currency Agreement
Appendix G. Figures relating to influx of capital 1936
Appendix H. Figures relating to efflux of capital 1938
Appendix I. Figures relating to the period of the European crisis 1938
Appendix J. Gold imports and distribution
Appendix K. Gold values of principal currencies on 30 June 1938
Appendix L. Sterling-dollar exchange rates 1931–8
Appendix M. Sterling-franc exchange rates 1931–8
Glossary
Index.

Subject Areas: Economic theory & philosophy [KCA]