Money and Trade Wars in Interwar Europe [electronic resource] /
ROSELLI, ALESSANDRO.author.
This books explains, on the basis of archival evidence and a simple economic model, why and how the gold standard collapsed in the interwar period. It also reveals how bilateralism and dirigisme in international financial relations emerged from the collapse of the universal gold standard, and how this poisoned international relations.
Description based upon print version of record.
Cover; Half-Title; Title; Copyright; Dedication; Contents; List of Figures and Tables; Preface; Acknowledgements; Part I The Gold Standard Reinstated; 1 War Reparations and Hyperinflation in Germany; 1 Inter-Allied war debt and Germany; 2 The London Schedule of Payments; 3 Reparations and hyperinflation: the balance of payments perspective; 4 The fiscal policy/national output perspective; 2 The Reichsmark: Stabilization and Foreign Loans; 1 The mark stabilization of 1924; 2 The Reichsbank reorganized: the Dawes Plan; 3 The Young Plan; 3 Golden Fetters Revisited
1 The gold standard: a few basic principles2 Institutional factors; 3 The gold standard leverage; 4 Methods of de-levering in the post-war period; 5 The completion of 'realignments' 1924-1928; 6 The story of the Italian return to the gold standard; Part II The Gold Standard Collapse: Nationalism and Bilateralism in International Financial Relations; 4 Towards Nationalism; 1 German banking crisis and economic depression; 2 German exchange controls;  the end of reparations; 3 America and the inter-Allied debt; 4 The Nazis in charge; 5 Germany: the international side
6 Germany: the domestic side7 The United States and Britain; 8 Italy: living with an overvalued currency; 5 Bond Repatriation, Export Subsidies and Clearing Agreements; 1 International currency shortage and recourse to barter; 2 Germany's trade; 3 Foreign exchange controls and debt reduction techniques as a tool of trade policy; 4 Payment agreements; 5 Clearing agreements: an overview; 6 German clearing agreements with West European countries after the 'New Plan'; 7 The ASKI marks; 8 Germany's dysfunctional clearings, and the final attempts to preserve the peace
6 Germany's and Italy's Relations with Southeastern Europe1 German trade with the Balkans; 2 Clearing agreements; 3 Germany and Italy in Southeastern Europe: a case of noli me tangere!; 4 Italy and Albania; 7 The Italian-German clearing; 1 Italy and Germany: their trade balance; 2 The Italian-German clearing of 1934; 3 Italy's exchange controls: the new clearing agreement of 1935; Part III What Europe?; 8 The Funk Plan (by Paolo Fonzi); 1 The Reichsbank's prospective stance on monetary issues in 1940; 2 Different strategies for the unification of Europe; 3 The Funk Plan
4 National Socialist ideology and the rationale of the Funk Plan9 Money for the World of Tomorrow; 1 Reactions to the plan: fascist Italy; 2 Reactions to the plan: Keynes and the British government; 3 Some final considerations on the plan and multilateral clearings; Postscript; Notes; References; Archives; Index
Includes bibliographical references and index.
This books explains, on the basis of archival evidence and a simple economic model, why and how the gold standard collapsed in the interwar period. It also reveals how bilateralism and dirigisme in international financial relations emerged from the collapse of the universal gold standard, and how this poisoned international relations.
Banks and banking.
Economic history.
Europe, Central—History.
International economics.
Banking.
Economic History.
History of Germany and Central Europe.
International Economics.