To complement current work on the British domestic economy in the post-war period it is necessary to examine external economic policy. Whilst considerable work has been done on Britain's relations with Europe and with America, the complexities of the sterling area have remained obscure. This volume makes a significant contribution to unravelling the strands of British external economic policy in the post-war period.

Catherine R. Schenk was awarded her BA and MA at the University of Toronto, and her Ph.D. at the London School of Economics. After two years at Victoria University of Wellington, New Zealand, she now works on international economic history at Royal Holloway College (University of London).