The two sterling crises of 1964: a comment on Newton

Oliver, Michael J. (2012). The two sterling crises of 1964: a comment on Newton. Economic History Review, 65(1) pp. 314–321.

DOI: https://doi.org/10.1111/j.1468-0289.2011.00598.x

Abstract

In a recent article in this journal, Newton claimed that there were two sterling crises in the autumn of 1964 and that the government response to the second crisis followed a ‘textbook reaction’. This comment challenges both suggestions and argues that there was one sterling crisis and that the government did not deal with the crisis adequately.

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