Economics at your fingertips  

The European Payments Union (1950–58): the Post-War Episode of Keynes’ Clearing Union

Adrien Faudot ()

Review of Political Economy, 2020, vol. 32, issue 3, 371-389

Abstract: This article deals with the European Payments Union (EPU), which has garnered little academic interest to this day. The EPU operated from 1950 to 1958. It involved 18 countries and was hailed as a successful experience of European integration. Owing to the international clearing procedures that characterized the institution, the EPU is usually considered to be inspired by the Keynes plan, which was the ambitious reform that the British representative unsuccessfully upheld at Bretton Woods. This article seeks to determine signs of Keynesian thought in EPU rules and the operations of this clearing union. The article also provides an assessment of the Union’s economic performance. Additionally, it aims to examine the process that resulted in dismantling the Union in 1958.

Date: 2020
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: The European Payments Union (1950–58): the Post-War Episode of Keynes’ Clearing Union (2020)
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:

Ordering information: This journal article can be ordered from

DOI: 10.1080/09538259.2020.1776959

Access Statistics for this article

Review of Political Economy is currently edited by Steve Pressman and Louis-Philippe Rochon

More articles in Review of Political Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

Page updated 2021-09-25
Handle: RePEc:taf:revpoe:v:32:y:2020:i:3:p:371-389