Overview

This is a full and authoritative history of the European Payments Union, a regional payments organization set up in 1950 by the member countries of the Organization for European Economic Cooperation (the forerunner of the OECD), with the help of the US, to provide a multilateral system of settling their payments, surpluses and deficits with one another and to foster liberalization of inter-European trade. It paved the way for the reintroduction of the external convertibility of European currencies at the end of 1958. The authors are supremely well qualified for their task: Dr Schleiminger was the German member of the EPU Board in the 1950s and subsequently General Manager of the Bank for International Settlements; Dr Kaplan was the US member on the Managing Board of the EPU during the same period. This book is intended for historians of economics and finance; banking; those interested in European financial institutions and trading arrangements.

Full Product Details

Author:   Jacob J. Kaplan ,  Gunther Schleiminger ,  Alexandre Lamfalussy
Publisher:   Oxford University Press
Imprint:   Clarendon Press
Dimensions:   Width: 15.00cm , Height: 2.90cm , Length: 23.00cm
Weight:   0.830kg
ISBN:  

9780198286752

ISBN 10:   0198286759
Pages:   416
Publication Date:   01 December 1989
Audience:   College/higher education ,  Professional and scholarly ,  Postgraduate, Research & Scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
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Table of Contents

"Foreword; Authors' preface; Abbreviations; List of tables and figures; Prologue: Part One: Birth of the European Payments Union: The age in which the EPU was conceived; Proposals and outbursts; Governments: perceptions of national interests; Negotiations: the long, hot spring of 1950; Part Two: Crisis Management - The First Two Years: APU system in a nutshell; German payments crisis of 1950/1; Coping with rearmament; Countries in dire staits; Part Three: Negotiating for convertibility: From ROBOT to Istanbul: an overview; A dash to convertibility?; With measured step: the institutional approach; Charting the course: the European Monetary Agreement; Part Four: Anticipating ""C-Day"": Last years of the EPU: an overview; How Germany's surpluses began; French crisis of 1957-8; Returning Turkey to the fold; Operation Unicorn: end of the EPU; Part Five: A System That Worked: Managing the system; Aims and acoomplishments; Epilogue: Appendix A: Where did the ideas come from?;"

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