British Economy and the decline of Pound Starling after the WW2

这项实证研究通过对英国国家档案馆：公共档案局和其他一些档案馆的大量文件的分析，证实了以下几点。英国当局从二战开始就注意到，英国的国际收支平衡状况在战后会变得更糟。而所谓的凯恩斯建议的制定过程，也就是国际货币体系的计划，在战争爆发后不久就开始了。随着情况按照政府的预测发展，英国不得不说服其他国家加入“国际解决方案联盟”。这是她唯一可以采取的方式。那么，英国为什么接受所谓的白色计划？绅士资本主义理论对此有一个解释。它坚称，凯恩斯认为怀特计划对英国来说并不坏。但考虑到当时的实际情况和预测，我们应该说这种说法是完全合理的。另一方面，财政部和英格兰银行的内部文件表明，英国并不打算认真接受美国的提议。或者可以说，英国认为他们有机会与美国就外汇管理权讨价还价。此外，凯恩斯可能误解了IMF协议第8条的另一个问题。毕竟，我们很自然地理解，英国不打算放弃外汇管理权。但战后，事情最初并没有朝着与IMF协议第8条有关的方向发展，而是朝着发展双边解决方案的方向发展。欧洲国家同意建立EPU(欧洲支付联盟)。

This empirical study have confirmed following points through the analysis of many documents in the National Archive : Public Record Office and other some Archives.The British authority noticed from the beginning of the world war 2 that UK's international balance of payments would get worse after the war. And the making process of so-called Keynes's Proposal, which is a plan for the international currency system, started just after the breaking of the war. As situations went on along the forecast of the Government, UK had to persuade other country to join the "Union of International Settlement". It was only the way she could take.Then why did UK accept so-called White Plan? There is an explanation by the theory of Gentlemanly Capitalism. It insists that Keynes thought White Plan was not bad to UK. But considering the real situation and the forecast at that time, we should say that this argument is far legitimate.On the other hand, the internal documents of the Treasury and the Bank of England suggest that UK did not intend to accept earnestly American proposal. Or it can be said that UK thought that they had chances to bargain with USA about the right of management on foreign exchange. Farther more there is another issue which Keynes might misconceive about the No.8 clause of IMF agreement. After all it is natural that we understand that UK did not intend to give up the right of management on foreign exchange.But, after the war, the scheme of things went at first not to the direction which mattered the No.8 clause of IMF agreement but to the direction where bilateral settlement was developed. And European countries agreed to set up the EPU (European Payment Union) .