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Negotiating credibility: Britain and the International Monetary Fund 1956–1976
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Clift, Ben and Tomlinson, Jim (2008) Negotiating credibility: Britain and the International Monetary Fund 1956–1976. Contemporary European History, Vol.17 (No.4). pp. 545-566. doi:10.1017/S0960777308004700 ISSN 0960-7773.
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Official URL: http://dx.doi.org/10.1017/S0960777308004700
Abstract
For twenty years before the famous crisis of 1976 Britain was a regular borrower from the International Monetary Fund (IMF). Through this lending role, the Fund in these years played a key part in determining the credibility of British policies. Borrowing from the Fund meant that British policy had to be seen as conforming to certain norms, but these norms were always negotiable, albeit within shifting limits. This article uses archival material from London and Washington to examine these processes of negotiation, showing how far British policy was shaped by the desires of the IMF, and how far it was able to maintain autonomy in national economic policy.
| Item Type: | Journal Article | ||||
|---|---|---|---|---|---|
| Alternative Title: | Negotiating credibility: Britain and the IMF 1956-1976 | ||||
| Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
| Divisions: | Faculty of Social Sciences > Politics and International Studies | ||||
| Library of Congress Subject Headings (LCSH): | International Monetary Fund, Finance, Public -- Great Britain -- History -- 1945-, Economics -- Great Britain -- Foreign influences, Great Britain -- Economic policy -- 1945-1964, Great Britain -- Economic policy -- 1964-1979, Great Britain -- Economic conditions -- 1945-1964, Great Britain -- Economic conditions -- 1964-1979 | ||||
| Journal or Publication Title: | Contemporary European History | ||||
| Publisher: | Cambridge University Press | ||||
| ISSN: | 0960-7773 | ||||
| Official Date: | November 2008 | ||||
| Dates: |
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| Volume: | Vol.17 | ||||
| Number: | No.4 | ||||
| Page Range: | pp. 545-566 | ||||
| DOI: | 10.1017/S0960777308004700 | ||||
| Status: | Peer Reviewed | ||||
| Access rights to Published version: | Open Access (Creative Commons) | ||||
| Funder: | Economic and Social Research Council (Great Britain) (ESRC), Carnegie Trust for the Universities of Scotland (CT), University of Warwick. Dept. of Politics and International Studies |
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