The History and Mechanism of the Exchange Equalisation Account

Table of Contents

• Foreword
• Preface
• Part I:
• 1. Gold Standard 1925
• 2. Conditions before the creation of the Exchange Equalisation Account
• 3. Field of operations
• 4. Change in characteristics of the E.E.A.
• Résumé of Part I
• Part II:
• 5. The Bank of England weekly statement
• 6. Short-loan market
• 7. Deflation by France to maintain gold franc
• 8. Continued fall of the franc
• Part III:
• 9. Cost of financing gold assets
• 10. Sterling gold price
• 11. Liquid resources of the E.E.A.
• 12. Distribution of gold holdings
• 13. The crisis period
• 14. The E.E.A. as an experiment
• Addenda
• Currency and Bank Notes Act 1939
• Appendix A. Gold Standard Act 1925
• Appendix B. Currency and Bank Notes Act 1928
• Appendix C. Gold Standard (Amendment) Act 1931
• Appendix D. Finance Act 1932 (E.E.A. clauses)
• Appendix E. Tripartite Currency Agreement
• Appendix F. Two protocols to Tripartite Currency Agreement
• Appendix G. Figures relating to influx of capital 1936
• Appendix H. Figures relating to efflux of capital 1938
• Appendix I. Figures relating to the period of the European crisis 1938
• Appendix J. Gold imports and distribution
• Appendix K. Gold values of principal currencies on 30 June 1938
• Appendix L. Sterling-dollar exchange rates 1931–8
• Appendix M. Sterling-franc exchange rates 1931–8
• Glossary
• Index.
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