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- Title
Negotiating Credibility: Britain and the International Monetary Fund, 1956?1976.
- Authors
BEN CLIFT; JIM TOMLINSON
- 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.
- Subjects
UNITED Kingdom; INTERNATIONAL Monetary Fund; INTERNATIONAL economic relations; ECONOMIC policy; BRITISH economic policy -- 1945-1964; ECONOMIC conditions in Great Britain -- 1945-
- Publication
Contemporary European History, 2008, Vol 17, Issue 4, p545
- ISSN
0960-7773
- Publication type
Article
- DOI
10.1017/S0960777308004700