We shall try to understand the dimensions of the British balance of payments problem, why devaluation became necessary, and some of the implications of the sterling crisis for Britain and other countries.
Root, Franklin R.
"Britain's Balance of Payments Problem and the Sterling Devaluation,"
Naval War College Review: Vol. 21
, Article 10.
Available at: http://digital-commons.usnwc.edu/nwc-review/vol21/iss3/10