Money and Power in Bilateral Relations

Money and Power in Bilateral Relations


Marketed By :  VDM Verlag Dr. Müller   Sold By :  Kamal Books International  
Delivery in :  10-12 Business Days

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  • Product Description

As a response to the Great Depression in 1931 Germany adopted a policy of exchange control where the movement of foreign currency was subject to government control. This regime served as a defense measure against currency devaluation but it inhibbited international payments among exchange control countries.Trade between them was organized on the basis of bilateral clearing agreements, which centralized both foreign trade and payments at the state level. The book analyzes the clearing system in the case of Germany''s relations with Bulgaria, which developed the highest trade dependence on Germany in the 1930s. An almost complete opposition of free trade, bilateral clearing is seen as a mechanism of political power maximization and resource allocation from the periphery to its core. Using Jonathan Kirshner''s framework of monetary power the work offers a detailed analysis of the link between international monetary relations and political power. The shift of international trade regime from a Gold Standard and free trade to exchange control and bilateral clearing provided an opportunity for the German government to covertly finance its expenditure in the 1930''s and during WWII.

Product Specifications
SKU :COC94283
Country of ManufactureIndia
Product BrandVDM Verlag Dr. Müller
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-08-14
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