Organization for European Economic Cooperation: European Payments Union

Anonymous

International Organization, 1955, vol. 9, issue 2, 306-306

Abstract: Monthly statements issued by EPU during the period March 1954–December 1954 indicated that the German Federal Republic retained its position as chief creditor; United Kingdom monthly surpluses, while considerable, were less consistent than those of Germany. France showed a surplus for the month of July 1954, for the first time since June 1952, and by December 1954, had a cumulative surplus since June 30, 1954, of 6.7 million units of account. Settlements with France under the rule that gold paid by France would be recoverable to the extent that it had a net surplus for the period after June 30, 1954, reduced the amount of gold paid by France for deficits beyond its quota to 351.3 million units of account. Surpluses and deficits of other member countries were settled half in gold and half in credit, with the exception of Greece and Turkey, whose balances were settled in gold. As a result of EPU's December operations, its total of gold and convertible assets declined by 5.6 million units, to 422.9 million units.

Date: 1955
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:intorg:v:9:y:1955:i:2:p:306-306_22

Access Statistics for this article

More articles in International Organization from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().