Exchange Equalisation Account
- Exchange Equalisation Account
The Exchange Equalisation Account (EEA) is the fund of Her Majesty's Treasury in the UK holding the country's reserves of foreign currencies, gold, and Special Drawing Rights. It can be used to manage the value of the pound sterling on international markets.
The EEA was established by Neville Chamberlain's budget of April 19, 1932 following the pound's exit from the gold exchange standard the previous September.
The Exchange Stabilization Fund is a similar fund operated by the US Treasury since 1934. It was created as a response to the EEA. [cite web
url=http://web.gc.cuny.edu/eusc/activities/paper/schwartz.htm
title=IMF’s Origins as a Blueprint for Its Future
author=Anna J. Schwartz]
References
References
* [http://www.eshet2005.stir.ac.uk/conference/services/paper.php?paperid=0206&PHPSESSID=830b51b49e0991b9518706086b848d1e "JMK and the Fourth Grand Monetary Discussion"] , by Geoff Tily (2005)
*" [http://web.gc.cuny.edu/eusc/activities/paper/schwartz.htm IMF’s Origins as a Blueprint for Its Future] " by Anna J. Schwartz
External links
* [http://www.hm-treasury.gov.uk/documents/uk_economy/exchange_equalisation_account_1999_to_2000/ukecon_eea_index99.cfm Exchange Equalisation Accounts index] at HM Treasury website
Wikimedia Foundation.
2010.
Look at other dictionaries:
Exchange Equalisation Account — /ɪksˌtʃeɪndʒ ˌi:kwəlaɪ zeɪʃ(ə)n əˌkaυnt/ noun an account with the Bank of England used by the government when buying or selling foreign currency to influence the sterling exchange rate … Dictionary of banking and finance
account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you … Financial and business terms
Exchange Stabilization Fund — The Exchange Stabilization Fund (ESF) is an emergency reserve fund of the United States Treasury Department, normally used for foreign exchange intervention. This arrangement (as opposed to having the central bank intervene directly) allows the… … Wikipedia
List of Acts of Parliament of the United Kingdom Parliament, 1920-1939 — This is an incomplete list of Acts of the Parliament of the United Kingdom for the years 1920 1939. For acts passed prior to 1707 see List of Acts of Parliament of the English Parliament and List of Acts of Parliament of the Scottish… … Wikipedia
List of Acts of Parliament of the United Kingdom Parliament, 1960-1979 — This is an incomplete list of Acts of the Parliament of the United Kingdom for the years 1960 1979. For acts passed prior to 1707 see List of Acts of Parliament of the English Parliament and List of Acts of Parliament of the Scottish… … Wikipedia
банк Англии — Центральный банк Великобритании Он был учрежден в 1694 г. лондонскими торговцами как частный банк для предоставления ссуд государству и для урегулирования национального долга. В 1946 г., после принятия Закона о Банке Англии, он стал… … Справочник технического переводчика
EEA — or Eea may refer to: * European Economic Area, an economic association of European states. * European Environment Agency, an agency of the European Union for environmental issues. * Exchange Equalisation Account, the British Treasury s reserve… … Wikipedia
Labor theory of value — The labor theories of value (LTV) are theories in economics according to which the values of commodities are related to the labor needed to produce them.There are many different accounts of labor value, with the common element that the value of… … Wikipedia
Transformation problem — In 20th century discussions of Karl Marx s economics the transformation problem is the problem of finding a general rule to transform the values of commodities (based on labour according to his labour theory of value) into the competitive prices… … Wikipedia
Criticisms of the labour theory of value — often arise from an economic criticism of Marxism. Contents 1 Microeconomic theory 2 Supply and demand 3 Jevons 4 Menger s critique … Wikipedia
