ENGLISH

Decline to Fall: The Making of British Macro-economic Policy and the 1976 IMF Crisis

By Douglas Wass

Book information

Publisher
Oxford University Press, USA
Year
2008
ISBN
0199534748, 9780199534746
LCC
HG939.5 .W37 2008
Open Library ID
OL16993098M
Language
english
Format
PDF
Filesize
2 MB (1600259 bytes)
Pages
401\401
Topic
Economy
Time added
2010-05-17 00:23:50

Description

This book provides the first comprehensive and authoritative account of the events leading up to the UK seeking a massive loan from the IMF in 1976 which almost precipitated a financial crisis on a par with those of the 1930's and early post War period. Sir Douglas Wass, who was permanent Secretary to the Treasury at the time, provides a unique first hand account of the events that took place as the crisis unfolded and the decision-making process. Bringing unrivalled experience and knowledge of Whitehall to the narrative, he draws on recently released documents such as official Treasury minutes, memoranda, official statements and reports, IMF documents and blends them with his own assessment of this key period of policy making to provide a fascinating, blow-by-blow account of how the Treasury reacted when faced with a series of inter-locking crises. Decline to Fall will be a must read for anyone interested in the formulation of policy and the workings of government.

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