[50] Schenk, Decline of Sterling, 48
[51] Schenk, Decline of Sterling, 62
[52] As quoted in Schenk, Decline of Sterling, 62-63
[53] Ibid
[54] Schenk, Decline of Sterling, 66-67
[55] For more detail, see Cairncross & Eichengreen, Sterling in Decline, 139-155
[56] See also Cairncross & Eichengreen, Sterling in Decline, 151-155 for a discussion of other contributing factors
[57] Schenk, Decline of Sterling, 39, 46; for further description, see https://eh.net/encyclopedia/the-sterling-area/
[58] For further description of these and other coordinated policies, see Catherine Schenk, “The Retirement of
Sterling as a Reserve Currency After 1945: Lessons for the US Dollar?”
[59] John Singleton & Catherine Schenk, “The Shift from Sterling to the Dollar, 1965–76: Evidence from Australia
and New Zealand,” 1162
[60] For more detail on the dynamics of the Sterling Area, see Catherine Schenk, Britain and the Sterling Area,
1994
[61] As quoted by Schenk, Decline of Sterling, 156
[62] Schenk, Decline of Sterling, 174
[63] For fuller coverage of this, see Schenk, Decline of Sterling, 273-315
[64] Data from Schenk, "The Retirement of Sterling as a Reserve Currency After 1945: Lessons for the US
Dollar?," 25
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