The Economic History Review

The two sterling crises of 1964: a reply to Oliver

Volume 66 Issue 4
Home > The Economic History Review > The two sterling crises of 1964: a reply to Oliver
Pages: 1127-1133Authors: Scott Newton
Published online: January 4, 2013DOI: 10.1111/1468-0289.12000

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Oliver’s Comment on my recent article challenges my argument that there were two sterling crises in the autumn of 1964. He argues that there was one only and that the Labour government mishandled it. Oliver has, however, reached these conclusions on the basis of a partial reading of the evidence and a failure to grasp how the changing international context imposed constraints on national economic sovereignty.

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