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. ISSN 0960-7773

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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:	Date Event November 2008 Published
Volume:	Vol.17
Number:	No.4
Page Range:	pp. 545-566
Identification Number:	10.1017/S0960777308004700
Status:	Peer Reviewed
Access rights to Published version:	Open Access
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
URI:	http://wrap.warwick.ac.uk/id/eprint/865

Data sourced from Thomson Reuters' Web of Knowledge

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