The Emerging Pattern of Bilateralism

Gardner Patterson and Judd Polk

The Quarterly Journal of Economics, 1947, vol. 62, issue 1, 118-142

Abstract: Scope of the study, 118. — Importance of the agreements: comparison with prewar Central European bilateralism, 119; countries and share of trade involved, 120. — Functional description of the agreements: financing current transactions, 123; short-term credit provisions, 127; special arrangements, 129; provisions for expansion to other areas, 130. — Relation to a multilateral system: definition, 132; objections to bilateralism, 133; relation to the Bretton Woods system, 137. — Conclusions, 141.

Date: 1947
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