Bond Repatriation, Export Subsidies and Clearing Agreements

Alessandro Roselli
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Alessandro Roselli: Cass Business School

Chapter 5 in Money and Trade Wars in Interwar Europe, 2014, pp 105-137 from Palgrave Macmillan

Abstract: Abstract The disappearance of the Concert of Nations in the aftermath of the First World War was accompanied by the abandonment of the old common monetary standard based on gold and by increasing economic fragmentation. The panoply of foreign economic and financial agreements which characterized the interwar years, and were mostly signed on a bilateral basis or by very small groups of countries, reflected the polarization of foreign policies through pacts, protocols, understandings and ententes, sometimes with bombastic names;1 they were mutually exclusive and established bonds among their signatories that were as strong as they were potentially inimical to any outsider: This was the result of a petty, mean-spirited approach to international cooperation.

Keywords: Exchange Rate; Central Bank; Foreign Exchange; Foreign Currency; Bilateral Trade (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-32700-0_5

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DOI: 10.1057/9781137327000_5

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