The Stabilisation Fund

Armand Dormael

Chapter 5 in Bretton Woods, 1978, pp 40-47 from Palgrave Macmillan

Abstract: Abstract Whatever may have prompted him to do so, on the morning of Sunday 14 December 1941 Secretary Morgenthau called Harry White and asked him ‘to think about and prepare a memorandum and plan for setting up an Inter-Allied Stabilization Fund’. He had in mind ‘a Fund to be used during the war to give monetary aid to actual and potential allies and to hamper the enemy; to provide the basis for post-war international monetary stabilization arrangements; and to provide a post-war “international currency”’.1

Keywords: Foreign Exchange; Local Currency; International Unit; Currency Unit; International Currency (search for similar items in EconPapers)
Date: 1978
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DOI: 10.1007/978-1-349-03628-8_6

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