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

Douglas Wass


This book gives an account of a crucially important episode in the post-War political history of the UK — the financial crisis of 1976 when the British Government had to seek large credit from the International Monetary Fund. The author of this book takes advantage of the privileged position he occupied at the relevant time as official head of the Treasury and of his knowledge of the business of policy formation to trace the antecedents of the crisis, and takes the reader through the complex process of economic and political analysis. The book shows how that analysis came to play such an impor ... More

Keywords: IMF loan, Treasury, financial crisis, negotiations, British economy, public administration, policy formation, political history

Bibliographic Information

Print publication date: 2008 Print ISBN-13: 9780199534746
Published to Oxford Scholarship Online: May 2008 DOI:10.1093/acprof:oso/9780199534746.001.0001


Affiliations are at time of print publication.

Douglas Wass, author
Former Permanent Secretary to HM Treasury and Joint Head of the Civil Service