2011 Fiscal Year Final Research Report
The decline of sterling and the restoration of the City
| Project/Area Number |
21530338
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Economic history
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| Research Institution | Nagoya University |
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Principal Investigator |
KANAI Yuichi 名古屋大学, 大学院・経済学研究科, 教授 (30144108)
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| Project Period (FY) |
2009 – 2011
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| Keywords | ポンド / イングランド銀行 / ロンドン金融市場 / イギリス大蔵省 / 国際通貨 / ユーロダラー |
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| Research Abstract |
It has been said that the sterling as an international key currency had declined since inter-war-period. But sterling was not a mere kind of European currencies even after WWII. Sterling had filled the wider role than any other European currencies in post-war Europe. Therefore UK Treasury and the Bank of England tried to seek the revival of sterling, but with the expansion of euro-dollar transactions, the City started to enjoy the new market, namely, the City started to revive without the sterling restoration. After all, this situation seems to have allowed the demise of sterling.
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