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reform -- 4. Backdrop to the proposal to create a payments union -- 5. Toward convertibility through a payments union -- 6 … with an economic union -- 6. Key features of a payments union -- 4. Paths to convertibility -- 1. The global economy at … Bretton Woods -- 2. On currency convertibility -- 3. Possible roads to convertibility -- 4. Western Europe’s return to …
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Monetary Issues: Monetary Unions: Between International Trade and National Sovereignty -- Why a Monetary Union?- Monetary Policy in a Monetary Union: Lessons from Simple Models -- Institutions and Monetary Policy -- Fiscal Issues: Government Deficits, Transfers and Debt -- Fiscal Policies in a...
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This chapter explores how the economic and political difficulties of the interwar period and the immediate postwar era forced politicians, economists, and institutions to rethink the European economic and monetary system. Triffin was a key figure in that dynamic and quick to spot the fundamental...
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