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The City's Defense

The City's Defense

Paperback

Series: Studies in Macroeconomic History

Economics

ISBN10: 100967188X
ISBN13: 9781009671880
Publisher: Cambridge University Press
Published: Oct 23 2025
Pages: 458
Weight: 1.34
Height: 1.02 Width: 6.00 Depth: 9.00
Language: English
In The City's Defense, Robert Yee examines how the City of London maintained its status as an international financial center. He traces the role of the Bank of England in restructuring the domestic, imperial, European, and international monetary systems in the aftermath of the First World War. Responding to mass unemployment and volatile exchange rates, the Bank expanded its reach into areas outside the traditional scope of central banking, including industrial policy and foreign affairs. It designed a system of economic governance that reinforced the preeminence of sterling as a reserve currency. Drawing on a range of archival evidence from national governments, private corporations, and international organizations, Yee reevaluates our understanding of Britain's impact on the global economic order.

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Economics