Book notes: The political economy of the special relationship, by Jeremy Green
Unsatisfactory story about the decline and resurgence of the UK’s importance in the global financial system
Jeremy Green, The political economy of the special relationship: Anglo-American development from the gold standard to the financial crisis, Princeton University Press, 2020, 368 pages
On the eve of World War I, London’s financial markets were the most globally important, and sterling (and the Bank of England’s role as choreographer and steward of the international gold standard) played a central international role in the world economy and financial system. Thirty years later, the position of
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