Exchange Controls and Multinational Enterprise
The Sterling–Dollar Oil Controversy in the 1950s
Bibliographic Data
| ID | 8419072 |
|---|---|
| Authors | Catherine R Schenk (0000-0003-4116-5883, University of Glasgow, corresponding author) |
| Year | 1996 |
| Volume | 38 |
| Issue | 4 |
| Pages | 21-40 |
| Publication date | 1996-10-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Business History (JOURNAL) |
| Journal identifiers | ISSN: 0007-6791 • E-ISSN: 1743-7938 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00076799600000133 |
| OpenAlex | W2064046381 |
| Language | EN |
| Citations received | 4 |
This article describes the impact of exchange control policy on multinational oil companies in the 1950s. The analysis contributes to an understanding of the two-way relationship between MNCs and exchange control policy. While the initial purpose was to curtail the short-term dollar drain, the intention of the policy in the longer term was to overcome the continued payments imbalance between the United States and the United Kingdom by encouraging US firms to establish subsidiaries in the UK. In addition, the balance of payments and British-owned suppliers to the oil industry were helped by the agreements negotiated between the government and American companies which encouraged the latter to source their operations from within the sterling area
Balance of payments · Business · Control (management · Economics · Government (linguistics · International economics · International trade · Liberian dollar · Management · Multinational corporation · Payment · Petroleum industry · Subsidiary · Finance · Market Dynamics and Volatility · Natural Resources and Economic Development
British Public Policy and Multinationals during the “Dollar Gap” Era, 1945–1960
Multinational Enterprise and Government Controls on Outward Foreign Direct Investment in the United States and the United Kingdom in the 1960s
Network effects, homogeneous goods and international currency choice
The Marshall Plan and oil
| Citations per year | 0.17 |
|---|---|
| Citation span | 2002 - 2016 (15) |
| Highly cited | No |