Reconstructing Europe's trade and payments : the European Payments Union
Provides an historical assessment of the EPU and outlines the implications of Western European experience, after World War II, for Eastern Europe and the former Soviet Union. This work identifies critical problems involved with attempting to apply the EPU model to those parts of the world today.
Print Book, English, ©1993
Manchester University Press, Manchester, ©1993
xi, 147 pages ; 22 cm
9780719041839, 9780719041846, 071904183X, 0719041848
Background; was the EPU really necessary?; implications of the 1947 sterling crisis; why was the EPU adopted?; did the EPU have hidden costs?; conclusions and policy implications; further analysis of the 1949 devaluations.