The empire strikes back
Hong Kong and the decline of sterling in the 1960s1
Bibliographic Data
| ID | 3597872 |
|---|---|
| Authors | Catherine R Schenk (0000-0003-4116-5883, Economic History Society, corresponding author) |
| Year | 2004 |
| Volume | 57 |
| Issue | 3 |
| Pages | 551-580 |
| Publication date | 2004-08-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic History Review (JOURNAL) |
| Journal identifiers | ISSN: 0013-0117 • E-ISSN: 1468-0289 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1468-0289.2004.00288.x |
| OpenAlex | W2088129689 |
| Language | EN |
| Citations received | 8 |
| References cited | 10 |
The aftermath of the sterling devaluation of 1967 is usually portrayed only in terms of the performance of the British economy, but it had more far-reaching implications, exposing the changed financial relationship between Britain and its overseas dependencies and prompting the end of the sterling reserve system. This article explores the reasons why Britain was forced to offer its first exchange guarantee to Hong Kong in May 1968. Prolonging the colonial monetary system devised in the period from the 1930s to the late 1960s created problems for Britain that shifted the balance of power to the point where Hong Kong and other colonies were able to force a re-negotiation of their link to sterling
Ancient history · Balance (ability) · Colonialism · Devaluation · Economic history · Economics · Economy · Empire · Exchange rate · Monetary economics · Negotiation · Political science · Pound Sterling · Power (physics) · European Monetary and Fiscal Policies · Finance · History · Law · Political and Economic history of UK and US
Britain's Retreat from Empire in East Asia, 1905-1980
On Twenty-First-Century Postcolonialism
Decolonization? What Decolonization
Mythmaking
Development without Decolonisation? Hong Kong's Future and Relations with Britain and China, 1967–1972
La Méditerranée Asiatique
Managed decline
The two sterling crises of 1964 and the decision not to devalue1
| Unique citing works | 8 |
|---|---|
| Citations per year | 0,47 |
| Citation span | 2009 - 2025 (17) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 8 |