Titlebook: Managing the British Economy in the 1960s: A Treasury Perspective; Alec Cairncross Book 1996 Palgrave Macmillan, a division of Macmillan P

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改進(jìn)

傳染

A Strategy for the Pound?taken to improve the balance of payments directly or to make British industry more competitive and narrow the gap between imports and exports. These measures were spread over several years, many of them during the exchange crises in July 1965 and July 1966, without any effort to frame a comprehensive programme and assess its adequacy.

Gullible

The Exchange Crisis of 1965 eating into competitive power. The balance of payments might have improved but there was still a small deficit on current account and a large outflow of capital that together made it necessary to offer support at the rate of ￡650 million a year out of borrowed funds.

鴿子

摘要記錄

BARB

Aesthete

Monetary and Financial Policy in the 1960sfor many years been the favoured instrument of demand management. Raising interest rates had the disadvantage of being particularly discouraging to investment, which was regarded as of major importance to economic growth.

健壯

粗野