When Britain left the gold standard in September 1931, sterling fell 30 per cent before finding a floor in December of the same year. That was the point at which foreign investors concluded the pound was cheap. To a degree their bet was self-fulfilling because the resulting inflow of capital contributed to a rapid expansion in broad money. And from 1932 to 1938 Britain saw one of its fastest growth spurts in the 20th century. How relevant might that be in relation to Britain’s exit from the EU?
當1931年9月英國退出金本位制的時候，英鎊下跌了30%，隨后在同年12月觸底——外國投資者認定這個價位的英鎊已經很便宜。他們的押注在某種程度上是自我應驗的，因為由此導致的資本流入促使廣義貨幣迅速擴張。1932年到1938年，是20世紀英國增速最快的時期之一。這一事件與英國退歐事件可能在多大程度上相似？
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