International Monetary Co-operation 1945-52

<p>Attempts to establish an international economic and financial order where a key feature of the settlement which followed the Second World War, as policy makers sought to establish a framework which would prevent an economic crisis on the scale of the great depression. This volume explores this period, focusing on monetary issues.<br> Part 1 provides a general analysis of the scope for international monetary co-operation dealing in particular with:<br> * The Provision of additional means of international settlement<br> * The arrangement of settlements on a multilateral basis<br> * The orderly fixation of exchange rates<br> * The correction of international disequilibria<br> * The provision of safeguards against the international transmission of business depressions.<br> Part 2 deals with the actual machinery of international co-operation since the war and in particular with * The International Monetary Fund<br> * The European Payments Union<br> * The role of sterling<br><br> Part 3 surveys the actual course of events since 1945, illustrating the problems that have called for treatment by international co-operation, the extent to which such treatment has been attempted, and with what success.</p> Part 1 First Principles; Chapter I Inter-County Payments; Chapter II Exchange Rates; Chapter III International Liquidity; Chapter IV International Disequilibria; Chapter V The International Transmission of Depressions; Part 2 The Machinery of International Monetary Co-Operation; Chapter VI The International Monetary Fund; Chapter VII The International Monetary Fund; Chapter VIII European Monetary Co-operation; Chapter IX Sterling1I am indebted to the editor for permission to reproduce in this Chapter extracts from my article on ‘Sterling as an International Currency’, which appeared in the June 1948 issue of the Economic Record.; Part 3 The Course of Events Since the War; Chapter X Before September 1949; Chapter XI September 1949 and After;