Trade and Payments in Western Europe: A Study in Economic Cooperation, 1947-51

By William Diebold Jr. | Go to book overview
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CONTENTS
Foreword, by John H. Williamsvii
Prefacexi
INTRODUCTION
I. The Approach to Cooperation3
How Cooperation Began4
A Matter of Words7
The Scope of the Book9
PART ONE FINANCING TRADE INSIDE EUROPE
II. The First Steps, 1945-4715
Payments Difficulties16
Bilateral Payments Agreements19
A Limited Multilateral Compensation Agreement21
Interim Measures -- The Use of Dollars27
Off-Shore Purchasing29
Alternatives31
III. The First Intra-European Payments Agreement, 1948-4934
Negotiations34
Terms of the Agreement37
The Nature of Drawing Rights42
Operations under the Agreement46
The Effects of the Agreement50
Criticism of the Payments Agreement53

-xiii-

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