Introduction 1\\\\r\\\\n1 Sterling’sPost-WarRoleandLessonsfromthe\\\\r\\\\n1947ConvertibilityCrisis 5\\\\r\\\\nTheSterlingBalancesProblem 7\\\\r\\\\nDifferentSterlingAreas 8\\\\r\\\\nTheConvertibilityCrisisof1947 10\\\\r\\\\nConsequencesof theCrisis 15\\\\r\\\\n2 The1949Devaluation:ReadjustingthePost-WarParities 18\\\\r\\\\nThePoliticsof theDevaluation 19\\\\r\\\\nCausesof theDevaluation 22\\…